Zacks Research Comments on Verisk Analytics, Inc.’s Q2 2024 Earnings (NASDAQ:VRSK)

Posted by Defense World Staff on Jun 24th, 2023

Verisk Analytics, Inc. (NASDAQ:VRSK – Get Rating) – Equities research analysts at Zacks Research decreased their Q2 2024 EPS estimates for Verisk Analytics in a research report issued on Tuesday, June 20th. Zacks Research analyst S. Goswami now expects that the business services provider will earn $1.52 per share for the quarter, down from their prior estimate of $1.53. The consensus estimate for Verisk Analytics’ current full-year earnings is $5.51 per share. Zacks Research also issued estimates for Verisk Analytics’ Q3 2024 earnings at $1.53 EPS, Q4 2024 earnings at $1.58 EPS, FY2024 earnings at $6.10 EPS and Q1 2025 earnings at $1.66 EPS.

Several other research analysts have also issued reports on the stock. JPMorgan Chase & Co. raised their target price on shares of Verisk Analytics from $195.00 to $200.00 and gave the company an “overweight” rating in a research note on Thursday, March 2nd. StockNews.com assumed coverage on shares of Verisk Analytics in a report on Thursday, May 18th. They set a “hold” rating for the company. Credit Suisse Group increased their price target on Verisk Analytics from $165.00 to $187.00 and gave the company a “neutral” rating in a research note on Monday, March 6th. Bank of America raised Verisk Analytics from an “underperform” rating to a “buy” rating and lifted their price objective for the stock from $167.00 to $243.00 in a research note on Thursday, May 4th. Finally, Morgan Stanley increased their target price on Verisk Analytics from $181.00 to $186.00 and gave the company an “overweight” rating in a research note on Thursday, March 2nd. Four research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, Verisk Analytics presently has a consensus rating of “Moderate Buy” and a consensus price target of $215.50.

Verisk Analytics Price Performance

Verisk Analytics stock opened at $224.35 on Friday. The stock has a market cap of $32.48 billion, a price-to-earnings ratio of 70.11, a P/E/G ratio of 4.60 and a beta of 0.86. Verisk Analytics has a 12-month low of $162.94 and a 12-month high of $228.43. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 35.65. The business’s 50-day simple moving average is $212.37 and its 200 day simple moving average is $192.24.

Verisk Analytics (NASDAQ:VRSK – Get Rating) last posted its quarterly earnings data on Wednesday, May 3rd. The business services provider reported $1.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.19 by $0.10. The firm had revenue of $651.60 million for the quarter, compared to the consensus estimate of $633.56 million. Verisk Analytics had a return on equity of 57.53% and a net margin of 18.19%. The business’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.34 EPS.

Institutional Investors Weigh In On Verisk Analytics

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its position in shares of Verisk Analytics by 0.4% in the third quarter. Vanguard Group Inc. now owns 17,146,647 shares of the business services provider’s stock valued at $2,924,017,000 after acquiring an additional 72,552 shares during the last quarter. FMR LLC raised its stake in shares of Verisk Analytics by 0.9% during the 1st quarter. FMR LLC now owns 4,166,007 shares of the business services provider’s stock worth $799,290,000 after purchasing an additional 36,497 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Verisk Analytics by 1.3% in the 1st quarter. Geode Capital Management LLC now owns 3,821,265 shares of the business services provider’s stock valued at $731,736,000 after buying an additional 49,928 shares during the last quarter. Morgan Stanley grew its stake in shares of Verisk Analytics by 248.2% in the fourth quarter. Morgan Stanley now owns 3,765,708 shares of the business services provider’s stock valued at $664,346,000 after buying an additional 2,684,234 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in Verisk Analytics by 1.1% during the fourth quarter. JPMorgan Chase & Co. now owns 3,182,442 shares of the business services provider’s stock worth $561,447,000 after buying an additional 35,605 shares during the last quarter. 93.60% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, Director Wendy E. Lane bought 1,037 shares of Verisk Analytics stock in a transaction that occurred on Monday, May 8th. The stock was purchased at an average cost of $209.78 per share, with a total value of $217,541.86. Following the purchase, the director now owns 2,057 shares in the company, valued at $431,517.46. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, insider Nicholas Daffan sold 1,561 shares of the business’s stock in a transaction on Monday, June 12th. The shares were sold at an average price of $219.36, for a total value of $342,420.96. Following the sale, the insider now owns 40,875 shares of the company’s stock, valued at $8,966,340. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Wendy E. Lane bought 1,037 shares of Verisk Analytics stock in a transaction that occurred on Monday, May 8th. The shares were acquired at an average price of $209.78 per share, with a total value of $217,541.86. Following the acquisition, the director now directly owns 2,057 shares of the company’s stock, valued at approximately $431,517.46. The disclosure for this purchase can be found here. Insiders have sold a total of 14,281 shares of company stock worth $3,182,509 over the last ninety days. Company insiders own 1.31% of the company’s stock.

Verisk Analytics Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 30th. Investors of record on Thursday, June 15th will be issued a dividend of $0.34 per share. The ex-dividend date of this dividend is Wednesday, June 14th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 0.61%. Verisk Analytics’s payout ratio is 42.50%.

About Verisk Analytics

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Verisk Analytics, Inc provides data analytics solutions to the insurance markets in the United States and internationally. The company provides predictive analytics and decision support solutions to customers in rating, underwriting, claims, catastrophe and weather risk, global risk analytics, and various other fields.