Zacks: Brokerages Anticipate Verisk Analytics, Inc. (NASDAQ:VRSK) Will Post Quarterly Sales of $688.45 Million
Equities research analysts forecast that Verisk Analytics, Inc. (NASDAQ:VRSK) will post sales of $688.45 million for the current fiscal quarter, according to Zacks Investment Research. Five analysts have issued estimates for Verisk Analytics’ earnings. The lowest sales estimate is $668.80 million and the highest is $704.19 million. Verisk Analytics reported sales of $625.00 million during the same quarter last year, which indicates a positive year-over-year growth rate of 10.2%. The company is expected to report its next quarterly earnings results on Tuesday, May 5th.
According to Zacks, analysts expect that Verisk Analytics will report full-year sales of $2.84 billion for the current year, with estimates ranging from $2.77 billion to $2.89 billion. For the next fiscal year, analysts forecast that the company will report sales of $3.04 billion, with estimates ranging from $2.96 billion to $3.10 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that follow Verisk Analytics.
Verisk Analytics (NASDAQ:VRSK) last announced its earnings results on Tuesday, February 18th. The business services provider reported $1.13 EPS for the quarter, beating analysts’ consensus estimates of $1.12 by $0.01. Verisk Analytics had a net margin of 17.26% and a return on equity of 33.49%. The business had revenue of $676.80 million during the quarter, compared to analysts’ expectations of $670.50 million. During the same period in the prior year, the company earned $1.04 earnings per share. The business’s revenue was up 10.2% compared to the same quarter last year.
Shares of NASDAQ:VRSK traded down $1.11 on Monday, reaching $167.58. The company’s stock had a trading volume of 1,095,996 shares, compared to its average volume of 733,368. Verisk Analytics has a 52-week low of $122.44 and a 52-week high of $171.73. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.50 and a quick ratio of 0.50. The stock’s 50-day moving average is $164.20 and its two-hundred day moving average is $155.01. The stock has a market capitalization of $27.51 billion, a P/E ratio of 61.84, a PEG ratio of 3.23 and a beta of 0.68.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Friday, March 13th will be given a dividend of $0.27 per share. This is a positive change from Verisk Analytics’s previous quarterly dividend of $0.25. This represents a $1.08 annualized dividend and a yield of 0.64%. The ex-dividend date is Thursday, March 12th. Verisk Analytics’s dividend payout ratio is presently 22.83%.
In other Verisk Analytics news, CAO David J. Grover sold 6,000 shares of the company’s stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $148.08, for a total transaction of $888,480.00. Following the transaction, the chief accounting officer now directly owns 12,931 shares in the company, valued at $1,914,822.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO Mark V. Anquillare sold 26,250 shares of the company’s stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $146.69, for a total transaction of $3,850,612.50. Following the transaction, the chief operating officer now owns 87,776 shares in the company, valued at $12,875,861.44. The disclosure for this sale can be found here. Insiders have sold 130,896 shares of company stock worth $20,642,312 over the last 90 days. 2.71% of the stock is currently owned by company insiders.
Several hedge funds have recently added to or reduced their stakes in VRSK. Millennium Management LLC grew its position in shares of Verisk Analytics by 135.5% in the third quarter. Millennium Management LLC now owns 347,597 shares of the business services provider’s stock valued at $54,968,000 after purchasing an additional 1,326,397 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its stake in shares of Verisk Analytics by 12.2% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 6,816,225 shares of the business services provider’s stock valued at $1,017,935,000 after buying an additional 740,053 shares during the period. Alliancebernstein L.P. lifted its stake in shares of Verisk Analytics by 17.8% during the fourth quarter. Alliancebernstein L.P. now owns 3,573,022 shares of the business services provider’s stock valued at $533,595,000 after buying an additional 538,812 shares during the period. BlackRock Inc. lifted its stake in shares of Verisk Analytics by 4.4% during the second 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 during the period. Finally, Korea Investment CORP lifted its stake in shares of Verisk Analytics by 2,474.1% during the fourth quarter. Korea Investment CORP now owns 347,500 shares of the business services provider’s stock valued at $51,896,000 after buying an additional 334,000 shares during the period. Institutional investors and hedge funds own 88.35% of the company’s stock.
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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