Verisk Analytics, Inc. (VRSK) Announces Earnings Results
Verisk Analytics, Inc. (NASDAQ:VRSK) posted its quarterly earnings data on Tuesday. The business services provider reported $0.84 EPS for the quarter, beating analysts’ consensus estimates of $0.78 by $0.06, Bloomberg Earnings reports. The company had revenue of $549.10 million for the quarter, compared to analyst estimates of $527.97 million. Verisk Analytics had a net margin of 22.09% and a return on equity of 38.75%. Verisk Analytics’s quarterly revenue was up 10.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.84 earnings per share.
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Several brokerages have recently weighed in on VRSK. Cantor Fitzgerald reaffirmed a “buy” rating and issued a $92.00 target price on shares of Verisk Analytics in a report on Wednesday. Robert W. Baird reaffirmed a “buy” rating on shares of Verisk Analytics in a report on Wednesday. SunTrust Banks, Inc. reaffirmed a “hold” rating and issued a $85.00 target price on shares of Verisk Analytics in a report on Wednesday. UBS AG reaffirmed a “sell” rating and issued a $75.00 target price (up previously from $71.00) on shares of Verisk Analytics in a report on Friday, July 14th. Finally, Keefe, Bruyette & Woods set a $90.00 target price on shares of Verisk Analytics and gave the company a “buy” rating in a report on Monday, August 21st. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and four have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $84.58.
In other Verisk Analytics news, Director David B. Wright sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, September 6th. The shares were sold at an average price of $80.82, for a total transaction of $808,200.00. Following the transaction, the director now owns 13,951 shares of the company’s stock, valued at approximately $1,127,519.82. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Kenneth E. Thompson sold 62,226 shares of the firm’s stock in a transaction dated Friday, October 20th. The shares were sold at an average price of $85.15, for a total transaction of $5,298,543.90. Following the transaction, the executive vice president now directly owns 107,264 shares in the company, valued at approximately $9,133,529.60. The disclosure for this sale can be found here. In the last three months, insiders have sold 229,530 shares of company stock worth $19,475,282. 3.41% of the stock is owned by corporate insiders.
Verisk Analytics Company Profile
Verisk Analytics, Inc is a data analytics provider serving customers in insurance, natural resources and financial services. The Company operates through two segments: Risk Assessment and Decision Analytics. Its Risk Assessment segment serves its property and casualty insurance customers and focuses on prediction of loss, selection and pricing of risk, and compliance with their reporting requirements in each United States state in which they operate.
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