Wall Street analysts expect that Verisk Analytics, Inc. (NASDAQ:VRSK) will report sales of $599.87 million for the current fiscal quarter, Zacks Investment Research reports. Seven analysts have issued 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 company is scheduled to announce its next earnings results after the market closes 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 year, analysts forecast that the firm will post sales of $2.57 billion, with estimates ranging from $2.54 billion to $2.58 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that follow Verisk Analytics.
Verisk Analytics (NASDAQ:VRSK) last issued its earnings results on Tuesday, July 31st. The business services provider reported $1.06 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.01 by $0.05. Verisk Analytics had a net margin of 26.58% and a return on equity of 31.35%. The firm had revenue of $601.30 million for the quarter, compared to analysts’ expectations of $586.22 million.
Shares of NASDAQ:VRSK traded down $1.07 during trading hours on Tuesday, hitting $113.84. The stock had a trading volume of 915,262 shares, compared to its average volume of 792,202. Verisk Analytics has a 1-year low of $84.36 and a 1-year high of $122.80. The firm has a market capitalization of $18.75 billion, a P/E ratio of 31.19, a PEG ratio of 2.30 and a beta of 0.65. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 0.99.
In other news, CEO Scott G. Stephenson sold 38,126 shares of the firm’s stock in a transaction on Thursday, August 2nd. The shares were sold at an average price of $114.03, for a total transaction of $4,347,507.78. Following the transaction, the chief executive officer now owns 689,839 shares in the company, valued at approximately $78,662,341.17. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Vincent De P. Mccarthy sold 3,090 shares of the firm’s stock in a transaction on Monday, August 20th. The shares were sold at an average price of $117.43, for a total transaction of $362,858.70. Following the transaction, the insider now owns 37,127 shares in the company, valued at approximately $4,359,823.61. The disclosure for this sale can be found here. In the last three months, insiders have acquired 945 shares of company stock valued at $112,226 and have sold 377,684 shares valued at $44,289,589. Company insiders own 3.19% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in VRSK. LPL Financial LLC increased its position in shares of Verisk Analytics by 27.4% during the first quarter. LPL Financial LLC now owns 10,364 shares of the business services provider’s stock worth $1,078,000 after purchasing an additional 2,230 shares in the last quarter. Cubist Systematic Strategies LLC purchased a new stake in shares of Verisk Analytics during the 1st quarter worth $610,000. Millennium Management LLC lifted its stake in shares of Verisk Analytics by 506.7% during the 1st quarter. Millennium Management LLC now owns 392,668 shares of the business services provider’s stock worth $40,837,000 after purchasing an additional 327,945 shares during the last quarter. Legal & General Group Plc lifted its stake in shares of Verisk Analytics by 0.4% during the 1st quarter. Legal & General Group Plc now owns 762,991 shares of the business services provider’s stock worth $79,287,000 after purchasing an additional 3,410 shares during the last quarter. Finally, Royal Bank of Canada lifted its stake in shares of Verisk Analytics by 8.6% during the 1st quarter. Royal Bank of Canada now owns 263,707 shares of the business services provider’s stock worth $27,425,000 after purchasing an additional 20,869 shares during the last quarter. Institutional investors and hedge funds own 92.58% of the company’s stock.
About Verisk Analytics
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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