CCC Intelligent Solutions (NYSE:CCCS – Get Free Report) issued its quarterly earnings results on Monday. The company reported $0.10 EPS for the quarter, beating analysts’ consensus estimates of $0.09 by $0.01, Briefing.com reports. CCC Intelligent Solutions had a return on equity of 5.16% and a net margin of 2.36%. The firm had revenue of $238.48 million during the quarter, compared to the consensus estimate of $237.41 million. During the same quarter in the prior year, the business posted $0.03 earnings per share. CCC Intelligent Solutions’s revenue for the quarter was up 7.8% on a year-over-year basis. CCC Intelligent Solutions updated its Q4 2024 guidance to EPS and its FY 2024 guidance to EPS.
CCC Intelligent Solutions Stock Down 0.2 %
Shares of CCC Intelligent Solutions stock opened at $10.93 on Wednesday. The company has a current ratio of 2.79, a quick ratio of 2.79 and a debt-to-equity ratio of 0.40. The business’s 50 day simple moving average is $10.85 and its 200-day simple moving average is $11.02. The stock has a market capitalization of $6.80 billion, a price-to-earnings ratio of -52.05, a PEG ratio of 6.26 and a beta of 0.62. CCC Intelligent Solutions has a twelve month low of $9.79 and a twelve month high of $12.68.
Insider Transactions at CCC Intelligent Solutions
In related news, Director Eileen Schloss sold 99,925 shares of the stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $9.89, for a total value of $988,258.25. Following the completion of the transaction, the director now directly owns 54,047 shares of the company’s stock, valued at $534,524.83. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, insider John Page Goodson sold 45,560 shares of the stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $10.08, for a total value of $459,244.80. Following the completion of the transaction, the insider now directly owns 87,892 shares of the company’s stock, valued at $885,951.36. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Eileen Schloss sold 99,925 shares of the stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $9.89, for a total value of $988,258.25. Following the completion of the transaction, the director now directly owns 54,047 shares of the company’s stock, valued at $534,524.83. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 213,323 shares of company stock worth $2,157,354. 6.67% of the stock is currently owned by company insiders.
Wall Street Analysts Forecast Growth
Read Our Latest Report on CCCS
CCC Intelligent Solutions Company Profile
CCC Intelligent Solutions Holdings Inc, operates as a software as a service company for the property and casualty insurance economy in the United States and China. The company's cloud-based software as a service platform connects trading partners, facilitates commerce, and supports mission-critical, artificial intelligence enabled digital workflow across the insurance economy, including insurers, repairers, automakers, parts suppliers, lenders and more.
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