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

Verisk Analytics (NASDAQ:VRSK) issued an update on its FY 2024 earnings guidance on Wednesday morning. 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 to $6.60 EPS.

Verisk Analytics Trading Up 0.3 %

Verisk Analytics stock opened at $263.65 on Wednesday. The firm has a 50-day moving average price of $268.70 and a two-hundred day moving average price of $261.68. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 5.86. The firm has a market capitalization of $37.62 billion, a price-to-earnings ratio of 49.19, a PEG ratio of 3.36 and a beta of 0.86. Verisk Analytics has a 52-week low of $215.32 and a 52-week high of $287.13.

Verisk Analytics (NASDAQ:VRSK) last released its earnings results on Wednesday, July 31st. The business services provider reported $1.74 EPS for the quarter, beating the consensus estimate of $1.64 by $0.10. The firm had revenue of $716.80 million for the quarter, compared to analysts’ expectations of $722.45 million. Verisk Analytics had a net margin of 32.03% and a return on equity of 252.11%. Verisk Analytics’s quarterly revenue was up 6.2% on a year-over-year basis. During the same quarter last year, the company earned $1.51 EPS. Sell-side analysts expect that Verisk Analytics will post 6.57 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on VRSK. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Verisk Analytics from $280.00 to $282.00 and gave the stock a “hold” rating in a research note on Thursday, August 1st. BMO Capital Markets lowered their price objective on Verisk Analytics from $278.00 to $263.00 and set a “market perform” rating on the stock in a report on Thursday, August 1st. Robert W. Baird boosted their target price on shares of Verisk Analytics from $268.00 to $285.00 and gave the stock an “outperform” rating in a research report on Thursday, August 1st. Royal Bank of Canada increased their price objective on Verisk Analytics from $268.00 to $300.00 and gave the company an “outperform” rating in a research report on Thursday, October 17th. Finally, Barclays lifted their target price on Verisk Analytics from $275.00 to $310.00 and gave the stock an “overweight” rating in a research report on Friday, September 13th. 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. Based on data from MarketBeat.com, Verisk Analytics presently has a consensus rating of “Moderate Buy” and an average target price of $278.67.

Insider Buying and Selling at Verisk Analytics

In related news, CFO Elizabeth Mann sold 200 shares of the stock in a transaction that occurred on Tuesday, October 15th. The shares were 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. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at 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.