CCC Intelligent Solutions (CCCS) to Release Quarterly Earnings on Tuesday

CCC Intelligent Solutions (NYSE:CCCS) is scheduled to be issuing its quarterly earnings data after the market closes on Tuesday, April 30th. 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 Q1 2024 guidance at EPS.Parties interested in registering for the company’s conference call can do so using this link.

CCC Intelligent Solutions (NYSE:CCCS) last issued its earnings results on Wednesday, February 28th. The company reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.01). CCC Intelligent Solutions had a positive return on equity of 5.80% and a negative net margin of 10.67%. The firm had revenue of $228.60 million during the quarter, compared to the consensus estimate of $222.80 million. 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 Price Performance

Shares of CCCS opened at $11.40 on Tuesday. The stock has a market cap of $6.89 billion, a P/E ratio of -54.29 and a beta of 0.62. The business’s fifty day moving average is $11.74 and its 200 day moving average is $11.52. CCC Intelligent Solutions has a 12-month low of $8.42 and a 12-month high of $13.41. The company has a quick ratio of 2.29, a current ratio of 2.29 and a debt-to-equity ratio of 0.43.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. Piper Sandler increased their price target on CCC Intelligent Solutions from $11.00 to $13.00 and gave the company a “neutral” rating in a research report on Friday, March 1st. Citigroup reaffirmed a “buy” rating and set a $13.00 target price on shares of CCC Intelligent Solutions in a research report on Thursday, February 8th. Barrington Research reaffirmed an “outperform” rating and set a $14.00 target price on shares of CCC Intelligent Solutions in a research report on Thursday, February 29th. Barclays raised their target price on CCC Intelligent Solutions from $13.00 to $14.00 and gave the company an “equal weight” rating in a research report on Thursday, February 29th. Finally, Evercore ISI raised their target price on CCC Intelligent Solutions from $13.00 to $15.00 and gave the company an “outperform” rating in a research report on Wednesday, March 13th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $13.63.

Insider Buying and Selling

In related news, CAO Rodney Christo sold 4,606 shares of CCC Intelligent Solutions stock in a transaction dated Tuesday, March 26th. The stock was sold at an average price of $11.88, for a total value of $54,719.28. Following the completion of the sale, the chief accounting officer now owns 14,154 shares of the company’s stock, valued at approximately $168,149.52. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other CCC Intelligent Solutions news, Director Lauren Young sold 41,165,139 shares of the firm’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $11.33, for a total value of $466,401,024.87. Following the completion of the transaction, the director now owns 5,164,022 shares in the company, valued at approximately $58,508,369.26. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Rodney Christo sold 4,606 shares of the firm’s stock in a transaction dated Tuesday, March 26th. The stock was sold at an average price of $11.88, for a total value of $54,719.28. Following the completion of the transaction, the chief accounting officer now owns 14,154 shares of the company’s stock, valued at approximately $168,149.52. The disclosure for this sale can be found here. In the last 90 days, insiders sold 59,648,839 shares of company stock valued at $681,118,139. 6.47% of the stock is owned by insiders.

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.