SunTrust Banks Comments on Verisk Analytics, Inc.’s Q2 2019 Earnings (VRSK)

Verisk Analytics, Inc. (NASDAQ:VRSK) – Analysts at SunTrust Banks dropped their Q2 2019 earnings per share estimates for Verisk Analytics in a report issued on Wednesday, May 1st. SunTrust Banks analyst A. Jeffrey now forecasts that the business services provider will post earnings of $1.13 per share for the quarter, down from their previous estimate of $1.14. SunTrust Banks has a “Hold” rating and a $150.00 price target on the stock. SunTrust Banks also issued estimates for Verisk Analytics’ Q3 2019 earnings at $1.10 EPS, Q4 2019 earnings at $1.13 EPS, FY2019 earnings at $4.36 EPS and FY2020 earnings at $4.87 EPS.

Verisk Analytics (NASDAQ:VRSK) last issued its quarterly earnings results on Tuesday, April 30th. The business services provider reported $1.03 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.03. Verisk Analytics had a return on equity of 33.66% and a net margin of 24.60%. The firm had revenue of $625.00 million during the quarter, compared to analysts’ expectations of $618.14 million. During the same period in the previous year, the business earned $0.94 earnings per share. The firm’s revenue for the quarter was up 7.5% on a year-over-year basis.

Several other analysts have also recently commented on the company. Morgan Stanley set a $119.00 price target on Verisk Analytics and gave the stock a “hold” rating in a research report on Tuesday, January 8th. UBS Group dropped their price target on Verisk Analytics from $104.00 to $100.00 and set a “sell” rating for the company in a research report on Tuesday, January 8th. Deutsche Bank set a $137.00 price target on Verisk Analytics and gave the stock a “hold” rating in a research report on Tuesday, April 23rd. Finally, Zacks Investment Research cut Verisk Analytics from a “hold” rating to a “sell” rating in a research report on Saturday, January 5th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $127.50.

Shares of VRSK opened at $143.21 on Friday. The company has a debt-to-equity ratio of 0.99, a current ratio of 0.49 and a quick ratio of 0.49. Verisk Analytics has a one year low of $100.26 and a one year high of $143.27. The company has a market cap of $23.08 billion, a P/E ratio of 34.84, a PEG ratio of 3.10 and a beta of 0.80.

The business also recently announced a special dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be issued a $0.25 dividend. The ex-dividend date is Thursday, June 13th. Verisk Analytics’s payout ratio is currently 6.08%.

In other Verisk Analytics news, insider Vincent De P. Mccarthy sold 3,090 shares of the company’s stock in a transaction on Tuesday, February 19th. The stock was sold at an average price of $124.92, for a total value of $386,002.80. Following the completion of the sale, the insider now directly owns 37,127 shares in the company, valued at approximately $4,637,904.84. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider David J. Grover sold 8,500 shares of the company’s stock in a transaction on Friday, February 22nd. The shares were sold at an average price of $125.20, for a total value of $1,064,200.00. Following the completion of the sale, the insider now owns 15,569 shares of the company’s stock, valued at $1,949,238.80. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 35,139 shares of company stock valued at $4,461,097. 2.71% of the stock is owned by company insiders.

A number of large investors have recently modified their holdings of VRSK. Suntrust Banks Inc. grew its holdings in shares of Verisk Analytics by 0.4% during the 4th quarter. Suntrust Banks Inc. now owns 22,973 shares of the business services provider’s stock worth $2,504,000 after purchasing an additional 86 shares during the period. Tandem Investment Advisors Inc. grew its holdings in shares of Verisk Analytics by 1.5% during the 1st quarter. Tandem Investment Advisors Inc. now owns 5,935 shares of the business services provider’s stock worth $789,000 after purchasing an additional 88 shares during the period. Pitcairn Co. grew its holdings in shares of Verisk Analytics by 4.7% during the 4th quarter. Pitcairn Co. now owns 2,039 shares of the business services provider’s stock worth $223,000 after purchasing an additional 92 shares during the period. Kaizen Advisory LLC grew its holdings in shares of Verisk Analytics by 26.2% during the 4th quarter. Kaizen Advisory LLC now owns 462 shares of the business services provider’s stock worth $50,000 after purchasing an additional 96 shares during the period. Finally, Utah Retirement Systems grew its holdings in shares of Verisk Analytics by 0.3% during the 4th quarter. Utah Retirement Systems now owns 29,920 shares of the business services provider’s stock worth $3,262,000 after purchasing an additional 100 shares during the period. Institutional investors own 92.76% of the company’s stock.

Verisk Analytics Company Profile

Verisk Analytics, Inc provides data analytics solutions in the United States and internationally. It provides predictive analytics and decision support solutions to customers in rating, underwriting, claims, catastrophe and weather risk, natural resources intelligence, economic forecasting, and various other fields.

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Earnings History and Estimates for Verisk Analytics (NASDAQ:VRSK)

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