Verisk Analytics (NASDAQ:VRSK) Updates FY 2024 Earnings Guidance

Verisk Analytics (NASDAQ:VRSK) updated its FY 2024 earnings guidance on Wednesday. The company provided EPS guidance of 6.300-6.600 for the period, compared to the consensus EPS estimate of 6.560. The company issued revenue guidance of $2.8 billion-$2.9 billion, compared to the consensus revenue estimate of $2.9 billion. Verisk Analytics also updated its FY24 guidance to $6.30 to $6.60 EPS.

Analysts Set New Price Targets

A number of equities analysts have recently commented on VRSK shares. Robert W. Baird raised their price objective on shares of Verisk Analytics from $285.00 to $301.00 and gave the stock an “outperform” rating in a report on Thursday. Royal Bank of Canada lifted their price objective on Verisk Analytics from $268.00 to $300.00 and gave the company an “outperform” rating in a report on Thursday, October 17th. Wells Fargo & Company raised shares of Verisk Analytics to a “strong-buy” rating in a report on Tuesday, August 13th. UBS Group increased their target price on shares of Verisk Analytics from $255.00 to $285.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 9th. Finally, BMO Capital Markets boosted their price target on shares of Verisk Analytics from $263.00 to $276.00 and gave the company a “market perform” rating in a research report on Friday. Six equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $281.08.

Verisk Analytics Stock Performance

VRSK stock opened at $275.48 on Friday. Verisk Analytics has a twelve month low of $217.34 and a twelve month high of $287.13. The company has a quick ratio of 0.95, a current ratio of 0.82 and a debt-to-equity ratio of 8.36. The company has a market cap of $38.90 billion, a P/E ratio of 42.98, a price-to-earnings-growth ratio of 3.47 and a beta of 0.86. The business’s fifty day moving average is $269.07 and its 200-day moving average is $262.24.

Verisk Analytics (NASDAQ:VRSK) last released its earnings results on Wednesday, October 30th. The business services provider reported $1.67 earnings per share for the quarter, beating the consensus estimate of $1.60 by $0.07. The firm had revenue of $725.30 million for the quarter, compared to analyst estimates of $722.19 million. Verisk Analytics had a return on equity of 274.13% and a net margin of 32.65%. The company’s quarterly revenue was up 7.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.52 earnings per share. Equities research analysts forecast that Verisk Analytics will post 6.61 EPS for the current year.

Verisk Analytics Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be issued a $0.39 dividend. The ex-dividend date is Friday, December 13th. This represents a $1.56 annualized dividend and a yield of 0.57%. Verisk Analytics’s dividend payout ratio (DPR) is presently 24.34%.

Insider Activity at Verisk Analytics

In other Verisk Analytics news, CFO Elizabeth Mann sold 200 shares of the business’s stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $271.33, for a total value of $54,266.00. Following the completion of the transaction, the chief financial officer now directly owns 15,808 shares of the company’s stock, valued at approximately $4,289,184.64. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.40% of the stock is owned by corporate insiders.

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.