Clarivate (NYSE:CLVT) Issues FY 2025 Earnings Guidance

Clarivate (NYSE:CLVT) updated its FY 2025 earnings guidance on Wednesday. The company provided EPS guidance of 0.600-0.700 for the period, compared to the consensus EPS estimate of 0.730. The company issued revenue guidance of $2.3 billion-$2.4 billion, compared to the consensus revenue estimate of $2.6 billion. Clarivate also updated its FY25 guidance to $0.60-$0.70 EPS.

Clarivate Trading Up 1.6 %

Shares of Clarivate stock opened at $4.84 on Friday. The company has a debt-to-equity ratio of 0.84, a current ratio of 0.88 and a quick ratio of 0.88. The firm has a 50 day simple moving average of $5.13 and a 200 day simple moving average of $5.80. Clarivate has a fifty-two week low of $4.22 and a fifty-two week high of $9.07.

Clarivate announced that its board has authorized a share repurchase program on Monday, December 16th that permits the company to buyback $500.00 million in shares. This buyback authorization permits the company to reacquire up to 12.8% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s leadership believes its stock is undervalued.

Wall Street Analysts Forecast Growth

CLVT has been the topic of several recent research reports. Barclays decreased their price target on Clarivate from $5.00 to $4.00 and set an “underweight” rating on the stock in a report on Thursday, November 7th. Royal Bank of Canada reiterated a “sector perform” rating and set a $6.00 price target on shares of Clarivate in a research report on Thursday. Finally, William Blair downgraded shares of Clarivate from an “outperform” rating to a “market perform” rating in a research note on Wednesday, November 6th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, Clarivate currently has a consensus rating of “Hold” and a consensus price target of $7.10.

Clarivate Company Profile

Clarivate Plc operates as an information services provider in the Americas, the Middle East, Africa, Europe, and the Asia Pacific. It operates through three segments: Academia & Government, Life Sciences & Healthcare, and Intellectual Property. The company offers Web of Science and InCites, that analyzes and explores the academic research landscape and manages research information; ProQuest One and Ebook Central that provides comprehensive content collections to institutions in a cost-effective manner; and Alma and Polaris, that manages academic resources and services, connect users, and support research publications.