Clarivate Analytics (NYSE:CCC) released its earnings results on Thursday. The industrial products company reported $0.18 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.14 by $0.04, Briefing.com reports. The firm had revenue of $276.90 million for the quarter, compared to the consensus estimate of $286.68 million. Clarivate Analytics had a negative net margin of 14.77% and a positive return on equity of 9.20%. Clarivate Analytics’s quarterly revenue was up 14.2% compared to the same quarter last year. Clarivate Analytics updated its FY20 guidance to $0.53-0.59 EPS.
Shares of CCC stock opened at $27.65 on Friday. Clarivate Analytics has a one year low of $15.00 and a one year high of $28.82. The company’s 50-day moving average is $22.89 and its 200 day moving average is $21.75. The company has a market capitalization of $10.71 billion, a price-to-earnings ratio of -58.83 and a beta of 0.53. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.94 and a current ratio of 0.94.
CCC has been the topic of a number of recent research reports. Goldman Sachs Group raised shares of Clarivate Analytics from a “neutral” rating to a “buy” rating in a research report on Sunday, April 19th. ValuEngine downgraded shares of Clarivate Analytics from a “buy” rating to a “hold” rating in a research report on Friday, May 1st. Zacks Investment Research downgraded shares of Clarivate Analytics from a “hold” rating to a “sell” rating in a research report on Thursday, July 23rd. Barclays started coverage on shares of Clarivate Analytics in a research report on Monday, July 27th. They set an “overweight” rating and a $26.00 price objective on the stock. Finally, Citigroup increased their price objective on shares of Clarivate Analytics from $24.00 to $28.00 and gave the company a “buy” rating in a research report on Wednesday, May 6th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and six have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $26.57.
Clarivate Analytics Plc provides insights and analytics that enables clients to discover, protect, and commercialize ideas. It serves government and academic institutions, life science companies, and research and development corporations. The company is based in London, the United Kingdom.
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