Verisk Analytics (NASDAQ:VRSK) Releases Earnings Results, Beats Expectations By $0.10 EPS

Verisk Analytics (NASDAQ:VRSK) posted its quarterly earnings results on Wednesday. The business services provider reported $1.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.64 by $0.10, Briefing.com reports. Verisk Analytics had a net margin of 32.03% and a return on equity of 252.11%. The company had revenue of $716.80 million during the quarter, compared to the consensus estimate of $722.45 million. During the same period last year, the firm earned $1.51 EPS. The company’s revenue for the quarter was up 6.2% on a year-over-year basis. Verisk Analytics updated its FY24 guidance to $6.30-6.60 EPS and its FY 2024 guidance to 6.300-6.600 EPS.

Verisk Analytics Stock Up 2.0 %

Shares of Verisk Analytics stock opened at $266.66 on Friday. The company has a fifty day moving average price of $268.95 and a 200 day moving average price of $248.86. The company has a current ratio of 0.95, a quick ratio of 1.09 and a debt-to-equity ratio of 5.86. Verisk Analytics has a twelve month low of $215.32 and a twelve month high of $287.13. The stock has a market cap of $37.98 billion, a price-to-earnings ratio of 49.75, a price-to-earnings-growth ratio of 3.21 and a beta of 0.84.

Verisk Analytics Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Sunday, September 15th will be paid a dividend of $0.39 per share. The ex-dividend date of this dividend is Friday, September 13th. This represents a $1.56 annualized dividend and a dividend yield of 0.59%. Verisk Analytics’s dividend payout ratio is presently 29.10%.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft lifted their price objective on Verisk Analytics from $280.00 to $282.00 and gave the stock a “hold” rating in a research report on Thursday. Royal Bank of Canada restated an “outperform” rating and set a $268.00 price objective on shares of Verisk Analytics in a research report on Thursday. UBS Group lifted their price objective on Verisk Analytics from $255.00 to $285.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 9th. Evercore ISI lifted their price objective on Verisk Analytics from $250.00 to $260.00 and gave the stock an “in-line” rating in a research report on Tuesday, June 25th. Finally, Morgan Stanley lifted their price objective on Verisk Analytics from $243.00 to $260.00 and gave the stock an “equal weight” rating in a research report on Wednesday. Nine analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Verisk Analytics currently has a consensus rating of “Hold” and a consensus price target of $268.29.

Insider Buying and Selling

In other Verisk Analytics news, CFO Elizabeth Mann sold 200 shares of the business’s stock in a transaction on Monday, June 17th. The shares were sold at an average price of $262.31, for a total value of $52,462.00. Following the transaction, the chief financial officer now owns 16,608 shares in the company, valued at approximately $4,356,444.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, insider Kathy Card Beckles sold 326 shares of the company’s stock in a transaction dated Wednesday, July 3rd. The shares were sold at an average price of $272.22, for a total value of $88,743.72. Following the sale, the insider now owns 7,470 shares in the company, valued at approximately $2,033,483.40. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Elizabeth Mann sold 200 shares of the company’s stock in a transaction dated Monday, June 17th. The shares were sold at an average price of $262.31, for a total transaction of $52,462.00. Following the completion of the sale, the chief financial officer now owns 16,608 shares in the company, valued at approximately $4,356,444.48. The disclosure for this sale can be found here. In the last three months, insiders sold 2,237 shares of company stock valued at $572,739. Company insiders own 0.40% of the company’s stock.

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.