Verisk Analytics (VRSK) Scheduled to Post Earnings on Wednesday

Verisk Analytics (NASDAQ:VRSK) will release its earnings data before the market opens on Wednesday, October 30th. Analysts expect Verisk Analytics to post earnings of $1.60 per share for the quarter. Verisk Analytics has set its FY24 guidance at $6.30-6.60 EPS and its FY 2024 guidance at 6.300-6.600 EPS.Persons interested in registering for the company’s earnings conference call can do so using this link.

Verisk Analytics (NASDAQ:VRSK) last issued its quarterly earnings data on Wednesday, July 31st. The business services provider reported $1.74 EPS for the quarter, topping the consensus estimate of $1.64 by $0.10. Verisk Analytics had a net margin of 32.03% and a return on equity of 252.11%. The firm had revenue of $716.80 million for the quarter, compared to analyst estimates of $722.45 million. During the same period in the prior year, the business posted $1.51 EPS. The business’s revenue for the quarter was up 6.2% compared to the same quarter last year. On average, analysts expect Verisk Analytics to post $7 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Verisk Analytics Stock Performance

Shares of VRSK stock opened at $264.65 on Monday. The firm’s 50 day moving average price is $268.93 and its 200-day moving average price is $261.12. The company has a debt-to-equity ratio of 5.86, a quick ratio of 0.95 and a current ratio of 0.95. Verisk Analytics has a one year low of $215.32 and a one year high of $287.13. The firm has a market cap of $37.76 billion, a P/E ratio of 49.38, a P/E/G ratio of 3.40 and a beta of 0.86.

Insider Buying and Selling at Verisk Analytics

In related 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 sale, the chief financial officer now directly owns 15,808 shares in the company, valued at $4,289,184.64. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.40% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on VRSK. Robert W. Baird upped their target price on shares of Verisk Analytics from $268.00 to $285.00 and gave the stock an “outperform” rating in a research note on Thursday, August 1st. Wells Fargo & Company raised shares of Verisk Analytics to a “strong-buy” rating in a research note on Tuesday, August 13th. UBS Group upped their target price on shares of Verisk Analytics from $255.00 to $285.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 9th. Evercore ISI reaffirmed an “in-line” rating and set a $279.00 target price on shares of Verisk Analytics in a research note on Wednesday, October 2nd. Finally, Royal Bank of Canada upped their target price on shares of Verisk Analytics from $268.00 to $300.00 and gave the stock an “outperform” rating in a research note on Thursday, October 17th. Six research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Verisk Analytics currently has an average rating of “Moderate Buy” and a consensus price target of $278.67.

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.