Verisk Analytics (NASDAQ:VRSK) Releases FY 2024 Earnings Guidance

Verisk Analytics (NASDAQ:VRSK) issued an update on its FY 2024 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of 6.300-6.600 for the period, compared to the consensus estimate of 6.560. The company issued revenue guidance of $2.8 billion-$2.9 billion, compared to the consensus revenue estimate of $2.9 billion. Verisk Analytics also updated its FY24 guidance to $6.30 to $6.60 EPS.

Verisk Analytics Trading Up 0.3 %

VRSK traded up $0.76 during midday trading on Friday, hitting $275.48. 979,562 shares of the company were exchanged, compared to its average volume of 797,776. The firm has a market capitalization of $39.23 billion, a P/E ratio of 42.77, a P/E/G ratio of 3.50 and a beta of 0.86. Verisk Analytics has a 1-year low of $217.34 and a 1-year high of $287.13. The firm’s 50 day moving average price is $268.92 and its 200-day moving average price is $261.87. The company has a quick ratio of 0.95, a current ratio of 0.82 and a debt-to-equity ratio of 8.36.

Verisk Analytics (NASDAQ:VRSK) last announced its quarterly earnings data on Wednesday, October 30th. The business services provider reported $1.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.60 by $0.07. The company had revenue of $725.30 million for the quarter, compared to the consensus estimate of $722.19 million. Verisk Analytics had a return on equity of 274.13% and a net margin of 32.65%. The firm’s revenue was up 7.0% compared to the same quarter last year. During the same period in the previous year, the business earned $1.52 EPS. As a group, equities analysts forecast that Verisk Analytics will post 6.58 EPS for the current fiscal year.

Verisk Analytics Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be given a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 0.57%. The ex-dividend date of this dividend is Friday, December 13th. Verisk Analytics’s payout ratio is 24.34%.

Wall Street Analysts Forecast Growth

A number of analysts have commented on VRSK shares. Wells Fargo & Company raised Verisk Analytics to a “strong-buy” rating in a report on Tuesday, August 13th. BMO Capital Markets upped their target price on Verisk Analytics from $263.00 to $276.00 and gave the company a “market perform” rating in a report on Friday. UBS Group upped their target price on Verisk Analytics from $255.00 to $285.00 and gave the company a “neutral” rating in a report on Tuesday, July 9th. Morgan Stanley upped their target price on Verisk Analytics from $243.00 to $260.00 and gave the company an “equal weight” rating in a report on Wednesday, July 31st. Finally, Barclays upped their target price on Verisk Analytics from $275.00 to $310.00 and gave the company an “overweight” rating in a report on Friday, September 13th. Six investment analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $281.08.

Insider Buying and Selling

In related news, CFO Elizabeth Mann sold 200 shares of the stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $271.33, for a total value of $54,266.00. Following the sale, the chief financial officer now owns 15,808 shares in the company, valued at approximately $4,289,184.64. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.40% of the stock is currently owned by company insiders.

Verisk Analytics Company Profile

Verisk Analytics, Inc provides data analytics and technology solutions to the insurance markets in the United States and internationally. It offers policy language, prospective loss costs, policy writing and rating rules, and various underwriting solutions for risk selection and segmentation, pricing, and workflow optimization; property- and auto- specific rating and underwriting information solutions that allows clients to understand, quantify, underwrite, mitigate, and avoid potential loss for risks; catastrophe modeling solutions, which enables companies to identify, quantify, and plan for the financial consequences of catastrophes for use by insurers, reinsurers, intermediaries, financial institutions, and governments.