Clarivate (NYSE:CLVT) Releases Quarterly Earnings Results, Misses Expectations By $0.01 EPS

Clarivate (NYSE:CLVT - Get Free Report) issued its quarterly earnings results on Wednesday. The company reported $0.19 earnings per share for the quarter, missing analysts' consensus estimates of $0.20 by ($0.01), Zacks reports. Clarivate had a negative net margin of 24.90% and a positive return on equity of 9.07%. The firm had revenue of $663.00 million during the quarter, compared to the consensus estimate of $660.13 million. During the same quarter last year, the firm posted $0.23 earnings per share. Clarivate's revenue was down 3.0% compared to the same quarter last year. Clarivate updated its FY 2025 guidance to 0.600-0.700 EPS and its FY25 guidance to $0.60-$0.70 EPS.

Clarivate Stock Performance

CLVT stock traded up $0.01 during trading on Friday, reaching $4.85. 8,817,086 shares of the company's stock were exchanged, compared to its average volume of 5,441,468. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 0.84. Clarivate has a 1-year low of $4.22 and a 1-year high of $9.07. The company's fifty day moving average price is $5.13 and its 200-day moving average price is $5.80. The firm has a market cap of $3.44 billion, a PE ratio of -5.05 and a beta of 1.17.

Wall Street Analyst Weigh In

A number of research analysts recently commented on CLVT shares. William Blair downgraded Clarivate from an "outperform" rating to a "market perform" rating in a research note on Wednesday, November 6th. Barclays lowered their price objective on Clarivate from $5.00 to $4.00 and set an "underweight" rating for the company in a research note on Thursday, November 7th. Finally, Royal Bank of Canada restated a "sector perform" rating and set a $6.00 price objective on shares of Clarivate in a research note on Thursday. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Clarivate has a consensus rating of "Hold" and an average price target of $7.10.

Clarivate declared that its Board of Directors has initiated a share buyback program on Monday, December 16th that allows the company to buyback $500.00 million in shares. This buyback authorization allows the company to buy up to 12.8% of its stock through open market purchases. Stock buyback programs are often a sign that the company's board believes its stock is undervalued.

Clarivate Company Profile

Clarivate Plc operates as an information services provider in the Americas, the Middle East, Africa, Europe, and the Asia Pacific. It operates through three segments: Academia & Government, Life Sciences & Healthcare, and Intellectual Property. The company offers Web of Science and InCites, that analyzes and explores the academic research landscape and manages research information; ProQuest One and Ebook Central that provides comprehensive content collections to institutions in a cost-effective manner; and Alma and Polaris, that manages academic resources and services, connect users, and support research publications.