Verisk Analytics (VRSK) Set to Announce Earnings on Wednesday

Verisk Analytics (NASDAQ:VRSK) is set to release its earnings data before the market opens on Wednesday, May 1st. Analysts expect Verisk Analytics to post earnings of $1.52 per share for the quarter. Verisk Analytics has set its FY 2024 guidance at 6.300-6.600 EPS and its FY24 guidance at $6.30-6.60 EPS.Parties that wish to listen to the company’s conference call can do so using this link.

Verisk Analytics (NASDAQ:VRSK) last issued its quarterly earnings results on Wednesday, February 21st. The business services provider reported $1.40 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.44 by ($0.04). The business had revenue of $677.20 million for the quarter, compared to the consensus estimate of $673.56 million. Verisk Analytics had a return on equity of 305.15% and a net margin of 22.92%. Verisk Analytics’s revenue was up 7.4% on a year-over-year basis. During the same period in the prior year, the business posted $1.43 earnings per share. On average, analysts expect Verisk Analytics to post $6 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Verisk Analytics Stock Performance

Shares of Verisk Analytics stock opened at $222.25 on Wednesday. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 8.85. The stock’s fifty day moving average is $234.28 and its two-hundred day moving average is $236.93. Verisk Analytics has a 52 week low of $187.86 and a 52 week high of $251.98. The company has a market capitalization of $31.72 billion, a PE ratio of 52.79, a price-to-earnings-growth ratio of 2.77 and a beta of 0.78.

Verisk Analytics declared that its board has approved a stock buyback program on Wednesday, February 21st that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the business services provider to reacquire up to 2.9% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s board of directors believes its stock is undervalued.

Verisk Analytics Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were paid a dividend of $0.39 per share. This is a positive change from Verisk Analytics’s previous quarterly dividend of $0.34. This represents a $1.56 dividend on an annualized basis and a dividend yield of 0.70%. The ex-dividend date was Thursday, March 14th. Verisk Analytics’s payout ratio is currently 37.05%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on VRSK shares. Evercore ISI reissued an “in-line” rating and issued a $250.00 price objective on shares of Verisk Analytics in a research report on Tuesday, March 26th. Bank of America downgraded shares of Verisk Analytics from a “buy” rating to a “neutral” rating and decreased their price target for the company from $270.00 to $260.00 in a research note on Monday, January 8th. Nine research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, Verisk Analytics has an average rating of “Hold” and an average price target of $252.00.

Insiders Place Their Bets

In other news, insider Nicholas Daffan sold 1,554 shares of the firm’s stock in a transaction dated Friday, April 12th. The shares were sold at an average price of $222.93, for a total value of $346,433.22. Following the sale, the insider now directly owns 51,715 shares in the company, valued at approximately $11,528,824.95. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, insider Kathy Card Beckles sold 227 shares of the business’s stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $237.61, for a total transaction of $53,937.47. Following the transaction, the insider now directly owns 7,796 shares in the company, valued at approximately $1,852,407.56. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Nicholas Daffan sold 1,554 shares of the stock in a transaction dated Friday, April 12th. The shares were sold at an average price of $222.93, for a total value of $346,433.22. Following the completion of the sale, the insider now owns 51,715 shares of the company’s stock, valued at $11,528,824.95. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 11,300 shares of company stock worth $2,647,952. 0.40% of the stock is owned by corporate insiders.

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.