Verisk Analytics (NASDAQ:VRSK) Announces Quarterly Earnings Results, Beats Estimates By $0.07 EPS

Verisk Analytics (NASDAQ:VRSK) posted its quarterly earnings results on Wednesday. The business services provider reported $1.67 earnings per share for the quarter, topping analysts’ consensus estimates of $1.60 by $0.07, Briefing.com reports. The company had revenue of $725.30 million for the quarter, compared to the consensus estimate of $722.19 million. Verisk Analytics had a net margin of 32.65% and a return on equity of 274.13%. Verisk Analytics’s revenue was up 7.0% on a year-over-year basis. During the same quarter last year, the firm posted $1.52 earnings per share. Verisk Analytics updated its FY 2024 guidance to 6.300-6.600 EPS and its FY24 guidance to $6.30 to $6.60 EPS.

Verisk Analytics Price Performance

VRSK stock opened at $274.72 on Friday. The stock’s 50 day moving average is $268.92 and its two-hundred day moving average is $261.87. Verisk Analytics has a 52-week low of $215.32 and a 52-week high of $287.13. The company has a market capitalization of $39.13 billion, a PE ratio of 42.86, a P/E/G ratio of 3.50 and a beta of 0.86. The company has a quick ratio of 0.95, a current ratio of 0.82 and a debt-to-equity ratio of 8.36.

Verisk Analytics Dividend Announcement

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

Insider Activity

In related news, CFO Elizabeth Mann sold 200 shares of Verisk Analytics stock in a transaction 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 completion of the sale, the chief financial officer now owns 15,808 shares in the company, valued at approximately $4,289,184.64. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.40% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. Royal Bank of Canada lifted their target price on Verisk Analytics from $268.00 to $300.00 and gave the company an “outperform” rating in a report on Thursday, October 17th. Evercore ISI reaffirmed an “in-line” rating and issued a $279.00 price objective on shares of Verisk Analytics in a research note on Wednesday, October 2nd. Deutsche Bank Aktiengesellschaft boosted their target price on Verisk Analytics from $280.00 to $282.00 and gave the stock a “hold” rating in a report on Thursday, August 1st. Robert W. Baird lifted their price target on shares of Verisk Analytics from $285.00 to $301.00 and gave the company an “outperform” rating in a research report on Thursday. Finally, Morgan Stanley boosted their price objective on shares of Verisk Analytics from $243.00 to $260.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 31st. Six investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $280.00.

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.