Verisk Analytics, Inc. to Post Q4 2017 Earnings of $0.78 Per Share, William Blair Forecasts (VRSK)
Verisk Analytics, Inc. (NASDAQ:VRSK) – Investment analysts at William Blair dropped their Q4 2017 earnings estimates for Verisk Analytics in a research note issued to investors on Wednesday. William Blair analyst T. Mchugh now expects that the business services provider will post earnings of $0.78 per share for the quarter, down from their prior forecast of $0.80. William Blair also issued estimates for Verisk Analytics’ Q2 2018 earnings at $0.86 EPS, Q4 2018 earnings at $0.90 EPS, FY2018 earnings at $3.46 EPS and FY2019 earnings at $3.75 EPS.
Verisk Analytics (NASDAQ:VRSK) last posted its quarterly earnings results on Tuesday, October 31st. The business services provider reported $0.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.78 by $0.06. The firm had revenue of $549.10 million for the quarter, compared to analysts’ expectations of $527.97 million. Verisk Analytics had a return on equity of 36.91% and a net margin of 22.09%. The company’s revenue for the quarter was up 10.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.84 EPS.
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VRSK has been the topic of a number of other reports. BMO Capital Markets restated a “hold” rating and set a $83.00 price target on shares of Verisk Analytics in a report on Friday, September 15th. Zacks Investment Research cut Verisk Analytics from a “hold” rating to a “sell” rating in a report on Tuesday, October 3rd. Royal Bank Of Canada restated a “hold” rating on shares of Verisk Analytics in a report on Friday, August 4th. Credit Suisse Group reiterated a “neutral” rating and issued a $85.00 target price (up from $80.00) on shares of Verisk Analytics in a report on Thursday, August 3rd. Finally, Keefe, Bruyette & Woods set a $90.00 target price on Verisk Analytics and gave the stock a “buy” rating in a report on Monday, August 21st. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and five have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $88.23.
Verisk Analytics (NASDAQ VRSK) opened at $91.03 on Thursday. The firm has a market capitalization of $14,990.26, a PE ratio of 28.44, a P/E/G ratio of 3.26 and a beta of 0.76. The company has a quick ratio of 0.71, a current ratio of 0.45 and a debt-to-equity ratio of 1.36.
A number of large investors have recently modified their holdings of VRSK. OppenheimerFunds Inc. lifted its stake in Verisk Analytics by 7.9% during the 1st quarter. OppenheimerFunds Inc. now owns 3,044 shares of the business services provider’s stock valued at $247,000 after acquiring an additional 222 shares in the last quarter. Thrivent Financial For Lutherans lifted its stake in Verisk Analytics by 5.0% during the 1st quarter. Thrivent Financial For Lutherans now owns 5,680 shares of the business services provider’s stock valued at $461,000 after acquiring an additional 270 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in Verisk Analytics by 4.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 535,380 shares of the business services provider’s stock valued at $43,439,000 after acquiring an additional 24,710 shares in the last quarter. Tudor Investment Corp ET AL bought a new position in Verisk Analytics during the 1st quarter valued at $361,000. Finally, DnB Asset Management AS lifted its stake in Verisk Analytics by 17.5% during the 2nd quarter. DnB Asset Management AS now owns 22,151 shares of the business services provider’s stock valued at $1,869,000 after acquiring an additional 3,300 shares in the last quarter. Institutional investors and hedge funds own 93.68% of the company’s stock.
In other Verisk Analytics news, Director Andrew G. Mills sold 3,000 shares of the firm’s stock in a transaction on Friday, September 8th. The stock was sold at an average price of $82.50, for a total transaction of $247,500.00. Following the transaction, the director now directly owns 105,525 shares in the company, valued at approximately $8,705,812.50. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director David B. Wright sold 10,000 shares of the firm’s stock in a transaction on Wednesday, September 6th. The shares were sold at an average price of $80.82, for a total value of $808,200.00. Following the transaction, the director now owns 13,951 shares in the company, valued at $1,127,519.82. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 293,950 shares of company stock worth $25,301,427. Company insiders own 3.41% of the company’s stock.
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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