Wall Street brokerages forecast that Verisk Analytics, Inc. (NASDAQ:VRSK) will report sales of $599.74 million for the current fiscal quarter, Zacks Investment Research reports. Six analysts have made estimates for Verisk Analytics’ earnings. The highest sales estimate is $606.02 million and the lowest is $589.68 million. Verisk Analytics posted sales of $549.10 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 9.2%. The business is expected to issue its next quarterly earnings report on Tuesday, October 30th.
According to Zacks, analysts expect that Verisk Analytics will report full-year sales of $2.40 billion for the current year, with estimates ranging from $2.37 billion to $2.41 billion. For the next financial year, analysts expect that the firm will post sales of $2.57 billion per share, with estimates ranging from $2.54 billion to $2.58 billion. Zacks’ sales averages are an average based on a survey of sell-side analysts that follow Verisk Analytics.
Verisk Analytics (NASDAQ:VRSK) last issued its quarterly earnings data on Tuesday, July 31st. The business services provider reported $1.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.01 by $0.05. The firm had revenue of $601.30 million during the quarter, compared to analysts’ expectations of $586.22 million. Verisk Analytics had a return on equity of 31.35% and a net margin of 26.58%.
VRSK stock traded up $0.03 during midday trading on Wednesday, hitting $120.06. 613,800 shares of the stock were exchanged, compared to its average volume of 838,939. Verisk Analytics has a fifty-two week low of $81.49 and a fifty-two week high of $122.80. The stock has a market cap of $19.77 billion, a PE ratio of 37.32, a P/E/G ratio of 2.28 and a beta of 0.66. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.43 and a current ratio of 0.43.
In related news, CEO Scott G. Stephenson sold 18,294 shares of the company’s stock in a transaction on Monday, July 2nd. The stock was sold at an average price of $107.14, for a total value of $1,960,019.16. Following the completion of the transaction, the chief executive officer now directly owns 660,940 shares in the company, valued at $70,813,111.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Andrew G. Mills sold 3,000 shares of the company’s stock in a transaction on Wednesday, September 19th. The shares were sold at an average price of $121.97, for a total value of $365,910.00. Following the completion of the transaction, the director now owns 82,605 shares of the company’s stock, valued at $10,075,331.85. The disclosure for this sale can be found here. Over the last quarter, insiders purchased 964 shares of company stock valued at $112,002 and sold 600,225 shares valued at $68,619,849. Corporate insiders own 3.19% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. increased its stake in Verisk Analytics by 3.6% in the second quarter. BlackRock Inc. now owns 10,487,625 shares of the business services provider’s stock valued at $1,128,890,000 after purchasing an additional 361,670 shares during the last quarter. Massachusetts Financial Services Co. MA increased its stake in Verisk Analytics by 17.1% in the second quarter. Massachusetts Financial Services Co. MA now owns 6,747,411 shares of the business services provider’s stock valued at $726,290,000 after purchasing an additional 987,698 shares during the last quarter. Janus Henderson Group PLC increased its stake in Verisk Analytics by 6.6% in the second quarter. Janus Henderson Group PLC now owns 4,998,795 shares of the business services provider’s stock valued at $538,070,000 after purchasing an additional 308,154 shares during the last quarter. Franklin Resources Inc. increased its stake in Verisk Analytics by 44.8% in the first quarter. Franklin Resources Inc. now owns 2,773,570 shares of the business services provider’s stock valued at $288,485,000 after purchasing an additional 858,233 shares during the last quarter. Finally, Mawer Investment Management Ltd. increased its stake in Verisk Analytics by 0.8% in the second quarter. Mawer Investment Management Ltd. now owns 1,850,923 shares of the business services provider’s stock valued at $199,211,000 after purchasing an additional 15,418 shares during the last quarter. Hedge funds and other institutional investors own 92.29% of the company’s stock.
Verisk Analytics Company Profile
Verisk Analytics, Inc provides data analytics solutions for customers in the insurance, energy, and financial markets in the United States and internationally. Its Decision Analytics segment develops predictive models to forecast scenarios, and produce standard and customized analytics for predicting loss, selecting and pricing risk, detecting fraud before and after a loss event, and quantifying losses.
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