Clarivate (NYSE:CLVT) Issues FY 2025 Earnings Guidance

Clarivate (NYSE:CLVT - Get Free Report) issued an update on its FY 2025 earnings guidance on Wednesday morning. The company provided earnings per share guidance of 0.600-0.700 for the period, compared to the consensus earnings per share estimate of 0.730. The company issued revenue guidance of $2.3 billion-$2.4 billion, compared to the consensus revenue estimate of $2.6 billion. Clarivate also updated its FY25 guidance to $0.60-$0.70 EPS.

Clarivate Stock Up 0.1 %

Clarivate stock traded up $0.01 during mid-day trading on Friday, reaching $4.85. 8,817,086 shares of the company were exchanged, compared to its average volume of 5,441,468. Clarivate has a 12-month low of $4.22 and a 12-month high of $9.07. The business has a fifty day moving average of $5.13 and a 200 day moving average of $5.80. The firm has a market cap of $3.44 billion, a P/E ratio of -5.05 and a beta of 1.17. The company has a debt-to-equity ratio of 0.84, a quick ratio of 0.88 and a current ratio of 0.88.

Clarivate announced that its Board of Directors has authorized a share repurchase plan on Monday, December 16th that authorizes the company to buyback $500.00 million in outstanding shares. This buyback authorization authorizes the company to buy up to 12.8% of its shares through open market purchases. Shares buyback plans are usually an indication that the company's board of directors believes its shares are undervalued.

Analyst Upgrades and Downgrades

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

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.