Verisk Analytics (VRSK) Set to Announce Earnings on Wednesday

Verisk Analytics (NASDAQ:VRSK) will post its quarterly earnings results before the market opens on Wednesday, May 1st. Analysts expect Verisk Analytics to post 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.Investors interested in registering for the company’s conference call can do so using this link.

Verisk Analytics (NASDAQ:VRSK) last posted its quarterly earnings data on Wednesday, February 21st. The business services provider reported $1.40 earnings per share (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 firm had revenue of $677.20 million for the quarter, compared to the consensus estimate of $673.56 million. During the same period in the prior year, the company posted $1.43 earnings per share. Verisk Analytics’s quarterly revenue was up 7.4% on a year-over-year basis. 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 Stock Performance

Shares of VRSK opened at $221.85 on Tuesday. The company has a market capitalization of $31.67 billion, a PE ratio of 52.70, a price-to-earnings-growth ratio of 2.76 and a beta of 0.78. The company has a debt-to-equity ratio of 8.85, a current ratio of 1.05 and a quick ratio of 1.05. Verisk Analytics has a one year low of $187.86 and a one year high of $251.98. The company’s fifty day moving average price is $232.40 and its 200 day moving average price is $236.28.

Verisk Analytics Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were given a $0.39 dividend. This is an increase from Verisk Analytics’s previous quarterly dividend of $0.34. This represents a $1.56 annualized dividend and a dividend yield of 0.70%. The ex-dividend date of this dividend was Thursday, March 14th. Verisk Analytics’s dividend payout ratio (DPR) is currently 37.05%.

Verisk Analytics declared that its board has authorized a stock repurchase program on Wednesday, February 21st that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the business services provider to reacquire up to 2.9% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board believes its shares are undervalued.

Analyst Ratings Changes

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

Insider Transactions at Verisk Analytics

In related news, insider Kathy Card Beckles sold 227 shares of the company’s stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $237.61, for a total value of $53,937.47. Following the sale, the insider now owns 7,796 shares of the company’s stock, valued at $1,852,407.56. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, insider Nicholas Daffan sold 1,554 shares of the business’s stock in a transaction on Friday, April 12th. The shares were sold at an average price of $222.93, for a total value of $346,433.22. Following the sale, the insider now owns 51,715 shares in the company, valued at approximately $11,528,824.95. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Kathy Card Beckles sold 227 shares of the company’s stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $237.61, for a total transaction of $53,937.47. Following the completion of the sale, the insider now directly owns 7,796 shares in the company, valued at approximately $1,852,407.56. The disclosure for this sale can be found here. In the last three months, insiders sold 11,300 shares of company stock valued at $2,647,952. Company insiders own 0.40% of the company’s stock.

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.