Verisk Analytics (NASDAQ:VRSK) Updates FY24 Earnings Guidance

Verisk Analytics (NASDAQ:VRSK) issued an update on its FY24 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $6.30 to $6.60 for the period, compared to the consensus estimate of $6.58. The company issued revenue guidance of $2.840 billion to $2.900 billion, compared to the consensus revenue estimate of $2.87 billion. Verisk Analytics also updated its FY 2024 guidance to 6.300-6.600 EPS.

Verisk Analytics Price Performance

NASDAQ VRSK traded up $0.76 during trading hours on Friday, hitting $275.48. 979,562 shares of the company’s stock traded hands, compared to its average volume of 798,094. The company has a debt-to-equity ratio of 8.36, a current ratio of 0.82 and a quick ratio of 0.95. The firm’s 50-day moving average is $269.07 and its 200-day moving average is $262.24. Verisk Analytics has a 52-week low of $217.34 and a 52-week high of $287.13. The company has a market capitalization of $39.23 billion, a PE ratio of 42.98, a PEG ratio of 3.50 and a beta of 0.86.

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

Verisk Analytics Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on VRSK shares. Barclays increased their price objective on shares of Verisk Analytics from $275.00 to $310.00 and gave the stock an “overweight” rating in a research report on Friday, September 13th. Wells Fargo & Company raised shares of Verisk Analytics to a “strong-buy” rating in a research report on Tuesday, August 13th. Evercore ISI reaffirmed an “in-line” rating and set a $279.00 price objective on shares of Verisk Analytics in a research report on Wednesday, October 2nd. UBS Group lifted their price target on shares of Verisk Analytics from $255.00 to $285.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 9th. Finally, BMO Capital Markets lifted their target price on Verisk Analytics from $263.00 to $276.00 and gave the stock a “market perform” rating in a research report on Friday. Six investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Verisk Analytics currently has a consensus rating of “Moderate Buy” and a consensus price target of $281.08.

Insider Activity

In related news, CFO Elizabeth Mann sold 200 shares of Verisk Analytics stock in a transaction that occurred 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 directly owns 15,808 shares in the company, valued at $4,289,184.64. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.40% of the company’s stock.

About Verisk Analytics

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.