Verisk Analytics (NASDAQ:VRSK) Issues FY24 Earnings Guidance

Verisk Analytics (NASDAQ:VRSK) issued an update on its FY24 earnings guidance on Wednesday morning. The company provided EPS guidance of $6.30-6.60 for the period, compared to the consensus EPS estimate of $6.58. The company issued revenue guidance of $2.84-2.90 billion, compared to the consensus revenue estimate of $2.88 billion. Verisk Analytics also updated its FY 2024 guidance to 6.300-6.600 EPS.

Verisk Analytics Stock Performance

Shares of Verisk Analytics stock opened at $285.99 on Wednesday. The business has a 50-day moving average of $268.24 and a 200 day moving average of $248.47. Verisk Analytics has a 12 month low of $215.32 and a 12 month high of $287.13. The stock has a market capitalization of $40.81 billion, a price-to-earnings ratio of 53.36, a price-to-earnings-growth ratio of 3.53 and a beta of 0.84. The company has a debt-to-equity ratio of 9.94, a current ratio of 1.09 and a quick ratio of 1.09.

Verisk Analytics (NASDAQ:VRSK) last announced its earnings results on Wednesday, May 1st. The business services provider reported $1.63 EPS for the quarter, beating analysts’ consensus estimates of $1.52 by $0.11. Verisk Analytics had a return on equity of 268.19% and a net margin of 28.45%. The company had revenue of $704.00 million during the quarter, compared to analysts’ expectations of $699.07 million. During the same period last year, the business posted $1.29 EPS. Verisk Analytics’s revenue for the quarter was up 8.0% on a year-over-year basis. As a group, sell-side analysts forecast that Verisk Analytics will post 6.55 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. BMO Capital Markets increased their price target on Verisk Analytics from $238.00 to $241.00 and gave the company a market perform rating in a research report on Thursday, May 2nd. UBS Group increased their price target on Verisk Analytics from $255.00 to $285.00 and gave the company a neutral rating in a research report on Tuesday, July 9th. Finally, Evercore ISI increased their price target on Verisk Analytics from $250.00 to $260.00 and gave the company an in-line rating in a research report on Tuesday, June 25th. Nine equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of Hold and a consensus price target of $258.54.

Insider Transactions at Verisk Analytics

In other news, insider Nicholas Daffan sold 1,511 shares of the firm’s stock in a transaction dated Monday, May 13th. The stock was sold at an average price of $248.88, for a total transaction of $376,057.68. Following the sale, the insider now owns 52,500 shares of the company’s stock, valued at approximately $13,066,200. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Verisk Analytics news, CFO Elizabeth Mann sold 200 shares of Verisk Analytics stock in a transaction that occurred on Monday, June 17th. The stock was sold at an average price of $262.31, for a total transaction of $52,462.00. Following the transaction, the chief financial officer now owns 16,608 shares of the company’s stock, valued at $4,356,444.48. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Nicholas Daffan sold 1,511 shares of Verisk Analytics stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $248.88, for a total value of $376,057.68. Following the transaction, the insider now directly owns 52,500 shares in the company, valued at approximately $13,066,200. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 2,237 shares of company stock valued at $572,739. Corporate 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.