Brokerages predict that Verisk Analytics, Inc. (NASDAQ:VRSK) will report $565.47 million in sales for the current fiscal quarter, according to Zacks. Six analysts have issued estimates for Verisk Analytics’ earnings, with estimates ranging from $537.80 million to $578.30 million. Verisk Analytics posted sales of $502.60 million in the same quarter last year, which suggests a positive year over year growth rate of 12.5%. The business is scheduled to report its next earnings results on Tuesday, May 1st.
According to Zacks, analysts expect that Verisk Analytics will report full-year sales of $565.47 million for the current fiscal year, with estimates ranging from $2.29 billion to $2.40 billion. For the next fiscal year, analysts expect that the business will report sales of $2.51 billion per share, with estimates ranging from $2.43 billion to $2.58 billion. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that cover Verisk Analytics.
Verisk Analytics (NASDAQ:VRSK) last released its quarterly earnings results on Tuesday, February 20th. The business services provider reported $1.34 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.78 by $0.56. The company had revenue of $570.30 million for the quarter, compared to analysts’ expectations of $557.09 million. Verisk Analytics had a return on equity of 33.58% and a net margin of 25.88%. The business’s revenue for the quarter was up 12.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.80 earnings per share.
Shares of Verisk Analytics (VRSK) opened at $104.86 on Tuesday. The firm has a market capitalization of $17,465.78, a P/E ratio of 31.78, a PEG ratio of 2.43 and a beta of 0.71. The company has a current ratio of 0.45, a quick ratio of 0.45 and a debt-to-equity ratio of 1.19. Verisk Analytics has a twelve month low of $75.60 and a twelve month high of $106.07.
In related news, Director David B. Wright sold 15,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 13th. The stock was sold at an average price of $94.60, for a total transaction of $1,419,000.00. Following the sale, the director now owns 8,951 shares of the company’s stock, valued at $846,764.60. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Lee Shavel bought 399 shares of the company’s stock in a transaction that occurred on Monday, February 12th. The shares were purchased at an average cost of $94.05 per share, for a total transaction of $37,525.95. Following the acquisition, the chief financial officer now owns 23,128 shares of the company’s stock, valued at $2,175,188.40. The disclosure for this purchase can be found here. In the last three months, insiders have purchased 1,531 shares of company stock worth $149,796 and have sold 122,220 shares worth $12,181,450. 3.41% of the stock is owned by insiders.
Large investors have recently made changes to their positions in the stock. Dupont Capital Management Corp bought a new stake in Verisk Analytics during the fourth quarter worth approximately $112,000. Fusion Family Wealth LLC bought a new stake in Verisk Analytics during the fourth quarter worth approximately $116,000. Virtue Capital Management LLC bought a new stake in Verisk Analytics during the fourth quarter worth approximately $121,000. Calton & Associates Inc. bought a new position in shares of Verisk Analytics in the fourth quarter valued at $183,000. Finally, Bank of Nova Scotia Trust Co. bought a new position in shares of Verisk Analytics in the third quarter valued at $164,000. 92.46% of the stock is currently owned by hedge funds and other institutional investors.
ILLEGAL ACTIVITY NOTICE: This story was published by StockNewsTimes and is the sole property of of StockNewsTimes. If you are reading this story on another site, it was copied illegally and reposted in violation of U.S. and international copyright law. The legal version of this story can be read at https://stocknewstimes.com/2018/03/20/zacks-brokerages-expect-verisk-analytics-inc-vrsk-will-announce-quarterly-sales-of-565-47-million.html.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Verisk Analytics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Verisk Analytics and related companies with MarketBeat.com's FREE daily email newsletter.