Verisk Analytics, Inc. (VRSK) Expected to Announce Quarterly Sales of $599.74 Million
Brokerages forecast that Verisk Analytics, Inc. (NASDAQ:VRSK) will announce $599.74 million in sales for the current quarter, according to Zacks. Six analysts have issued estimates for Verisk Analytics’ earnings. The highest sales estimate is $606.02 million and the lowest is $589.68 million. Verisk Analytics reported sales of $549.10 million during the same quarter last year, which indicates a positive year over year growth rate of 9.2%. The firm is expected to announce its next earnings report on Tuesday, October 30th.
According to Zacks, analysts expect that Verisk Analytics will report full year sales of $2.40 billion for the current financial year, with estimates ranging from $2.37 billion to $2.41 billion. For the next financial year, analysts forecast that the business will post sales of $2.57 billion per share, with estimates ranging from $2.54 billion to $2.58 billion. Zacks’ sales calculations are an average based on a survey of research firms that follow Verisk Analytics.
Verisk Analytics (NASDAQ:VRSK) last announced its quarterly earnings data on Tuesday, July 31st. The business services provider reported $1.06 EPS for the quarter, topping the Zacks’ consensus estimate of $1.01 by $0.05. Verisk Analytics had a return on equity of 31.35% and a net margin of 26.58%. The business had revenue of $601.30 million during the quarter, compared to the consensus estimate of $586.22 million.
In related news, Director Andrew G. Mills sold 3,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 19th. The stock was sold at an average price of $121.97, for a total transaction of $365,910.00. Following the completion of the sale, the director now owns 82,605 shares in the company, valued at $10,075,331.85. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Scott G. Stephenson sold 18,294 shares of the business’s stock in a transaction that occurred on Monday, July 2nd. The stock was sold at an average price of $107.14, for a total value of $1,960,019.16. Following the sale, the chief executive officer now owns 660,940 shares of the company’s stock, valued at approximately $70,813,111.60. The disclosure for this sale can be found here. In the last 90 days, insiders have purchased 964 shares of company stock valued at $112,002 and have sold 600,225 shares valued at $68,619,849. 3.19% of the stock is owned by insiders.
A number of hedge funds have recently bought and sold shares of the stock. Royal London Asset Management Ltd. purchased a new stake in Verisk Analytics in the second quarter valued at approximately $6,671,000. Northern Trust Corp lifted its stake in Verisk Analytics by 2.4% in the second quarter. Northern Trust Corp now owns 1,790,804 shares of the business services provider’s stock valued at $192,763,000 after buying an additional 41,433 shares during the last quarter. WCM Investment Management CA lifted its stake in Verisk Analytics by 19.5% in the second quarter. WCM Investment Management CA now owns 901,346 shares of the business services provider’s stock valued at $97,021,000 after buying an additional 147,146 shares during the last quarter. HRT Financial LLC purchased a new stake in Verisk Analytics in the second quarter valued at approximately $266,000. Finally, Bank of New York Mellon Corp lifted its stake in Verisk Analytics by 0.9% in the second quarter. Bank of New York Mellon Corp now owns 1,330,910 shares of the business services provider’s stock valued at $143,260,000 after buying an additional 12,165 shares during the last quarter. Hedge funds and other institutional investors own 92.29% of the company’s stock.
Shares of Verisk Analytics stock traded up $0.03 on Wednesday, reaching $120.06. 613,800 shares of the company were exchanged, compared to its average volume of 838,939. Verisk Analytics has a 1-year low of $81.49 and a 1-year high of $122.80. The company has a market cap of $19.77 billion, a PE ratio of 37.32, a P/E/G ratio of 2.28 and a beta of 0.66. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.43 and a current ratio of 0.43.
About Verisk Analytics
Verisk Analytics, Inc provides data analytics solutions for customers in the insurance, energy, and financial markets in the United States and internationally. Its Decision Analytics segment develops predictive models to forecast scenarios, and produce standard and customized analytics for predicting loss, selecting and pricing risk, detecting fraud before and after a loss event, and quantifying losses.
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