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

Verisk Analytics (NASDAQ:VRSK) announced 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 firm had revenue of $725.30 million for the quarter, compared to the consensus estimate of $722.19 million. Verisk Analytics had a return on equity of 274.13% and a net margin of 32.65%. The business’s revenue was up 7.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $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 Stock Performance

Verisk Analytics stock traded up $0.76 on Friday, reaching $275.48. 1,047,078 shares of the stock were exchanged, compared to its average volume of 609,307. The firm has a fifty day moving average price of $269.07 and a two-hundred day moving average price of $262.24. The stock has a market cap of $38.90 billion, a PE ratio of 42.98, a PEG ratio of 3.47 and a beta of 0.86. The company has a current ratio of 0.82, a quick ratio of 0.95 and a debt-to-equity ratio of 8.36. Verisk Analytics has a twelve month low of $217.34 and a twelve month high of $287.13.

Verisk Analytics Announces Dividend

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

Insider Activity at Verisk Analytics

In other 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 transaction of $54,266.00. Following the transaction, the chief financial officer now directly owns 15,808 shares of the company’s stock, valued at $4,289,184.64. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.40% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. UBS Group increased their price target on Verisk Analytics from $255.00 to $285.00 and gave the stock a “neutral” rating in a report on Tuesday, July 9th. Evercore ISI reaffirmed an “in-line” rating and set a $279.00 price objective on shares of Verisk Analytics in a report on Wednesday, October 2nd. BMO Capital Markets upped their price objective on shares of Verisk Analytics from $263.00 to $276.00 and gave the company a “market perform” rating in a research note on Friday. Deutsche Bank Aktiengesellschaft upped their target price on shares of Verisk Analytics from $280.00 to $282.00 and gave the stock a “hold” rating in a research note on Thursday, August 1st. Finally, Robert W. Baird increased their price objective on shares of Verisk Analytics from $285.00 to $301.00 and gave the stock an “outperform” rating in a research note on Thursday. Six analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Verisk Analytics currently has a consensus rating of “Moderate Buy” and a consensus target price of $281.08.

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.