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

Verisk Analytics (NASDAQ:VRSK) updated its FY 2024 earnings guidance on Wednesday. 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 $6.30-6.60 EPS.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. BMO Capital Markets cut their price target on Verisk Analytics from $278.00 to $263.00 and set a market perform rating on the stock in a research note on Thursday. Robert W. Baird boosted their price target on Verisk Analytics from $268.00 to $285.00 and gave the stock an outperform rating in a research note on Thursday. Deutsche Bank Aktiengesellschaft boosted their price target on Verisk Analytics from $280.00 to $282.00 and gave the stock a hold rating in a research note on Thursday. Royal Bank of Canada restated an outperform rating and set a $268.00 price objective on shares of Verisk Analytics in a research note on Thursday. Finally, Evercore ISI upped their price objective on Verisk Analytics from $250.00 to $260.00 and gave the company an in-line rating in a research note on Tuesday, June 25th. Nine investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of Hold and a consensus price target of $268.29.

Verisk Analytics Stock Performance

VRSK stock traded up $5.29 on Friday, reaching $266.66. The company’s stock had a trading volume of 1,232,962 shares, compared to its average volume of 781,334. 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 $37.98 billion, a P/E ratio of 49.75, a price-to-earnings-growth ratio of 3.21 and a beta of 0.84. The firm has a fifty day moving average of $268.95 and a two-hundred day moving average of $248.94. The company has a debt-to-equity ratio of 5.86, a current ratio of 0.95 and a quick ratio of 1.09.

Verisk Analytics (NASDAQ:VRSK) last issued its quarterly earnings data on Wednesday, July 31st. The business services provider reported $1.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.64 by $0.10. Verisk Analytics had a return on equity of 252.11% and a net margin of 32.03%. The business had revenue of $716.80 million during the quarter, compared to analyst estimates of $722.45 million. During the same period in the prior year, the company posted $1.51 EPS. The business’s revenue for the quarter was up 6.2% compared to the same quarter last year. As a group, analysts predict that Verisk Analytics will post 6.55 EPS for the current fiscal year.

Verisk Analytics Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Sunday, September 15th will be issued a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 0.59%. The ex-dividend date of this dividend is Friday, September 13th. Verisk Analytics’s dividend payout ratio (DPR) is 29.10%.

Insiders Place Their Bets

In other Verisk Analytics news, CFO Elizabeth Mann sold 200 shares of the company’s stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $277.38, for a total value of $55,476.00. Following the completion of the sale, the chief financial officer now directly owns 16,408 shares in the company, valued at $4,551,251.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, insider Kathy Card Beckles sold 326 shares of the stock in a transaction on Wednesday, July 3rd. The stock was sold at an average price of $272.22, for a total transaction of $88,743.72. Following the completion of the sale, the insider now owns 7,470 shares in the company, valued at approximately $2,033,483.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Elizabeth Mann sold 200 shares of the stock in a transaction on Monday, July 15th. The shares were sold at an average price of $277.38, for a total value of $55,476.00. Following the sale, the chief financial officer now owns 16,408 shares of the company’s stock, valued at approximately $4,551,251.04. The disclosure for this sale can be found here. Insiders sold 2,237 shares of company stock worth $572,739 over the last ninety days. Company insiders own 0.40% of the company’s stock.

Verisk Analytics Company Profile

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.