Verisk Analytics (VRSK) to Release Earnings on Wednesday

Verisk Analytics (NASDAQ:VRSK) is set to announce its earnings results before the market opens on Wednesday, May 1st. Analysts expect the company to announce 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.Persons that wish to listen to the company’s earnings conference call can do so using this link.

Verisk Analytics (NASDAQ:VRSK) last issued its earnings results on Wednesday, February 21st. The business services provider reported $1.40 EPS for the quarter, missing the consensus estimate of $1.44 by ($0.04). Verisk Analytics had a return on equity of 305.15% and a net margin of 22.92%. The company had revenue of $677.20 million during the quarter, compared to the consensus estimate of $673.56 million. During the same quarter in the prior year, the business earned $1.43 EPS. The firm’s revenue for the quarter was up 7.4% compared to the same quarter last year. 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 Trading Down 0.4 %

Shares of VRSK opened at $222.25 on Wednesday. Verisk Analytics has a twelve month low of $187.86 and a twelve month high of $251.98. The stock has a market cap of $31.72 billion, a PE ratio of 52.79, a P/E/G ratio of 2.77 and a beta of 0.78. 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 business’s 50-day moving average price is $234.28 and its 200-day moving average price is $236.93.

Verisk Analytics Increases Dividend

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

Verisk Analytics declared that its Board of Directors has approved a stock buyback plan on Wednesday, February 21st that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the business services provider to repurchase up to 2.9% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s board of directors believes its shares are undervalued.

Insiders Place Their Bets

In other news, insider Nicholas Daffan sold 1,507 shares of the firm’s stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $249.25, for a total transaction of $375,619.75. Following the transaction, the insider now directly owns 50,208 shares of the company’s stock, valued at $12,514,344. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, insider Nicholas Daffan sold 1,507 shares of the stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $249.25, for a total transaction of $375,619.75. Following the completion of the sale, the insider now owns 50,208 shares of the company’s stock, valued at $12,514,344. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CAO David J. Grover sold 6,481 shares of Verisk Analytics stock in a transaction on Wednesday, March 27th. The stock was sold at an average price of $233.06, for a total transaction of $1,510,461.86. Following the completion of the transaction, the chief accounting officer now directly owns 12,140 shares in the company, valued at $2,829,348.40. The disclosure for this sale can be found here. Insiders sold 11,300 shares of company stock valued at $2,647,952 over the last three months. Insiders own 0.40% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on VRSK. Evercore ISI reaffirmed an “in-line” rating and issued a $250.00 price target on shares of Verisk Analytics in a report on Tuesday, March 26th. Bank of America cut Verisk Analytics from a “buy” rating to a “neutral” rating and lowered their price target for the company from $270.00 to $260.00 in a report on Monday, January 8th. Nine equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $252.00.

About Verisk Analytics

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.