CCC Intelligent Solutions (CCCS) to Release Earnings on Monday

CCC Intelligent Solutions (NYSE:CCCS) is scheduled to be issuing its quarterly earnings data after the market closes on Monday, October 28th. Analysts expect the company to announce earnings of $0.09 per share for the quarter. CCC Intelligent Solutions has set its FY 2024 guidance at EPS and its Q3 2024 guidance at EPS.Individual that are interested in registering for the company’s earnings conference call can do so using this link.

CCC Intelligent Solutions (NYSE:CCCS) last issued its earnings results on Tuesday, July 30th. The company reported $0.09 earnings per share for the quarter, topping analysts’ consensus estimates of $0.08 by $0.01. The firm had revenue of $232.60 million during the quarter, compared to analyst estimates of $230.16 million. CCC Intelligent Solutions had a net margin of 2.36% and a return on equity of 5.16%. The company’s quarterly revenue was up 9.9% on a year-over-year basis. During the same quarter last year, the business earned $0.02 earnings per share. On average, analysts expect CCC Intelligent Solutions to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

CCC Intelligent Solutions Stock Performance

Shares of CCCS stock opened at $11.00 on Friday. The firm’s 50 day moving average is $10.84 and its 200 day moving average is $11.04. The stock has a market capitalization of $6.84 billion, a P/E ratio of -52.38, a PEG ratio of 6.26 and a beta of 0.62. CCC Intelligent Solutions has a 12 month low of $9.79 and a 12 month high of $12.68. The company has a current ratio of 2.79, a quick ratio of 2.79 and a debt-to-equity ratio of 0.40.

Insider Buying and Selling at CCC Intelligent Solutions

In other CCC Intelligent Solutions news, CAO Rodney Christo sold 4,177 shares of CCC Intelligent Solutions stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $10.24, for a total transaction of $42,772.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other CCC Intelligent Solutions news, CAO Rodney Christo sold 4,177 shares of the firm’s stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $10.24, for a total transaction of $42,772.48. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Brian Herb sold 20,887 shares of CCC Intelligent Solutions stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $10.24, for a total value of $213,882.88. Following the sale, the insider now directly owns 217,872 shares of the company’s stock, valued at approximately $2,231,009.28. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 238,387 shares of company stock valued at $2,414,009 in the last 90 days. Corporate insiders own 6.67% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently commented on CCCS. Jefferies Financial Group cut their price target on CCC Intelligent Solutions from $14.00 to $13.00 and set a “buy” rating for the company in a report on Wednesday, July 31st. Barrington Research restated an “outperform” rating and issued a $14.00 target price on shares of CCC Intelligent Solutions in a research note on Wednesday, July 31st. Finally, Bank of America began coverage on CCC Intelligent Solutions in a report on Tuesday, August 20th. They set a “buy” rating and a $15.00 target price for the company. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, CCC Intelligent Solutions has an average rating of “Moderate Buy” and a consensus target price of $13.75.

CCC Intelligent Solutions Company Profile

CCC Intelligent Solutions Holdings Inc, operates as a software as a service company for the property and casualty insurance economy in the United States and China. The company's cloud-based software as a service platform connects trading partners, facilitates commerce, and supports mission-critical, artificial intelligence enabled digital workflow across the insurance economy, including insurers, repairers, automakers, parts suppliers, lenders and more.