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

Verisk Analytics (NASDAQ:VRSK) updated its FY 2024 earnings guidance on Wednesday. The company provided EPS guidance of 6.300-6.600 for the period, compared to the consensus EPS 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 $6.30-6.60 EPS.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. UBS Group increased their price objective on Verisk Analytics from $255.00 to $285.00 and gave the stock a neutral rating in a research note on Tuesday, July 9th. Robert W. Baird increased their price objective on Verisk Analytics from $268.00 to $285.00 and gave the stock an outperform rating in a research note on Thursday. Deutsche Bank Aktiengesellschaft increased their price target on Verisk Analytics from $280.00 to $282.00 and gave the company a hold rating in a research report on Thursday. BMO Capital Markets decreased their price target on Verisk Analytics from $278.00 to $263.00 and set a market perform rating for the company in a research report on Thursday. Finally, Evercore ISI increased their price target on Verisk Analytics from $250.00 to $260.00 and gave the company an in-line rating in a research report on Tuesday, June 25th. Nine equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of Hold and an average target price of $268.29.

Verisk Analytics Stock Performance

Shares of Verisk Analytics stock traded up $5.29 during trading hours on Friday, reaching $266.66. The company had a trading volume of 1,232,962 shares, compared to its average volume of 781,334. Verisk Analytics has a one year low of $215.32 and a one year high of $287.13. The business has a fifty day simple moving average of $268.95 and a 200 day simple moving average of $248.94. The company has a debt-to-equity ratio of 5.86, a current ratio of 0.95 and a quick ratio of 1.09. The firm has a market cap of $37.98 billion, a PE ratio of 49.75, a price-to-earnings-growth ratio of 3.21 and a beta of 0.84.

Verisk Analytics (NASDAQ:VRSK) last posted its quarterly earnings results on Wednesday, July 31st. The business services provider reported $1.74 EPS for the quarter, topping analysts’ consensus estimates of $1.64 by $0.10. Verisk Analytics had a return on equity of 252.11% and a net margin of 32.03%. The firm had revenue of $716.80 million during the quarter, compared to analyst estimates of $722.45 million. During the same period last year, the company earned $1.51 earnings per share. The business’s revenue for the quarter was up 6.2% on a year-over-year basis. On average, analysts anticipate that Verisk Analytics will post 6.55 earnings per share for the current fiscal year.

Verisk Analytics Announces Dividend

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

Insider Transactions at Verisk Analytics

In related news, CFO Elizabeth Mann sold 200 shares of Verisk Analytics stock in a transaction on Monday, July 15th. The stock was sold at an average price of $277.38, for a total transaction of $55,476.00. Following the completion of the sale, the chief financial officer now owns 16,408 shares of the company’s stock, valued at $4,551,251.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, CFO Elizabeth Mann sold 200 shares of Verisk Analytics stock in a transaction on Monday, July 15th. The stock was sold at an average price of $277.38, for a total transaction of $55,476.00. Following the completion of the sale, the chief financial officer now owns 16,408 shares of the company’s stock, valued at $4,551,251.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Kathy Card Beckles sold 326 shares of Verisk Analytics stock in a transaction on 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 directly owns 7,470 shares of the company’s stock, valued at approximately $2,033,483.40. The disclosure for this sale can be found here. Insiders sold 2,237 shares of company stock valued at $572,739 over the last three months. 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.