Analysts Expect Verisk Analytics, Inc. (NASDAQ:VRSK) Will Announce Quarterly Sales of $648.23 Million

Equities analysts expect that Verisk Analytics, Inc. (NASDAQ:VRSK) will report $648.23 million in sales for the current quarter, Zacks reports. Seven analysts have issued estimates for Verisk Analytics’ earnings, with the lowest sales estimate coming in at $640.71 million and the highest estimate coming in at $670.85 million. Verisk Analytics posted sales of $598.70 million in the same quarter last year, which suggests a positive year-over-year growth rate of 8.3%. The company is expected to announce its next quarterly earnings report on Tuesday, October 29th.

On average, analysts expect that Verisk Analytics will report full year sales of $2.59 billion for the current fiscal year, with estimates ranging from $2.57 billion to $2.62 billion. For the next financial year, analysts expect that the company will report sales of $2.77 billion, with estimates ranging from $2.73 billion to $2.85 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that that provide coverage for Verisk Analytics.

Verisk Analytics (NASDAQ:VRSK) last posted its quarterly earnings data on Tuesday, July 30th. The business services provider reported $1.10 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.10. The company had revenue of $652.60 million during the quarter, compared to analysts’ expectations of $642.61 million. Verisk Analytics had a net margin of 23.97% and a return on equity of 33.05%. The firm’s revenue for the quarter was up 8.5% on a year-over-year basis. During the same period in the prior year, the company posted $1.06 EPS.

VRSK has been the subject of a number of analyst reports. Zacks Investment Research cut shares of Verisk Analytics from a “hold” rating to a “sell” rating in a research report on Saturday, April 27th. UBS Group upped their price objective on shares of Verisk Analytics from $119.00 to $124.00 and gave the company a “sell” rating in a research report on Wednesday, July 10th. BidaskClub raised shares of Verisk Analytics from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, August 6th. Bank of America upped their price objective on shares of Verisk Analytics from $146.00 to $155.00 and gave the company a “neutral” rating in a research report on Wednesday, July 31st. Finally, SunTrust Banks upped their price objective on shares of Verisk Analytics to $150.00 and gave the company a “hold” rating in a research report on Thursday, May 2nd. They noted that the move was a valuation call. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $138.89.

In other news, CAO David J. Grover sold 3,000 shares of the stock in a transaction dated Wednesday, June 5th. The shares were sold at an average price of $144.25, for a total transaction of $432,750.00. Following the transaction, the chief accounting officer now owns 9,931 shares of the company’s stock, valued at $1,432,546.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Christopher M. Foskett sold 10,078 shares of the stock in a transaction dated Friday, June 7th. The stock was sold at an average price of $146.54, for a total transaction of $1,476,830.12. Following the transaction, the director now directly owns 20,759 shares in the company, valued at approximately $3,042,023.86. The disclosure for this sale can be found here. Insiders have sold 29,928 shares of company stock worth $4,475,722 in the last ninety days. Corporate insiders own 2.71% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of VRSK. Vanguard Group Inc. boosted its position in shares of Verisk Analytics by 1.6% during the 2nd quarter. Vanguard Group Inc. now owns 16,876,592 shares of the business services provider’s stock valued at $2,471,747,000 after acquiring an additional 267,184 shares in the last quarter. BlackRock Inc. lifted its position in shares of Verisk Analytics by 4.4% during the 2nd quarter. BlackRock Inc. now owns 11,898,449 shares of the business services provider’s stock valued at $1,742,646,000 after buying an additional 502,068 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Verisk Analytics by 8.0% during the 4th quarter. Geode Capital Management LLC now owns 2,283,215 shares of the business services provider’s stock valued at $248,557,000 after buying an additional 168,185 shares in the last quarter. Mawer Investment Management Ltd. lifted its position in shares of Verisk Analytics by 4.4% during the 2nd quarter. Mawer Investment Management Ltd. now owns 1,975,188 shares of the business services provider’s stock valued at $289,209,000 after buying an additional 83,851 shares in the last quarter. Finally, Morgan Stanley lifted its position in shares of Verisk Analytics by 10.0% during the 2nd quarter. Morgan Stanley now owns 1,913,179 shares of the business services provider’s stock valued at $280,204,000 after buying an additional 173,517 shares in the last quarter. 91.60% of the stock is currently owned by hedge funds and other institutional investors.

NASDAQ:VRSK traded down $0.79 on Monday, reaching $157.89. The stock had a trading volume of 1,321 shares, compared to its average volume of 753,630. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 1.21. The company has a 50-day moving average of $152.85 and a 200 day moving average of $139.80. The stock has a market cap of $25.88 billion, a P/E ratio of 38.73, a price-to-earnings-growth ratio of 3.53 and a beta of 0.76. Verisk Analytics has a 12-month low of $102.74 and a 12-month high of $159.72.

About Verisk Analytics

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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