Verisk Analytics (NASDAQ:VRSK) Updates FY24 Earnings Guidance

Verisk Analytics (NASDAQ:VRSK - Get Free Report) updated its FY24 earnings guidance on Wednesday. The company provided earnings per share guidance of $6.30 to $6.60 for the period, compared to the consensus earnings per share estimate of $6.58. The company issued revenue guidance of $2.840 billion to $2.900 billion, compared to the consensus revenue estimate of $2.87 billion. Verisk Analytics also updated its FY 2024 guidance to 6.300-6.600 EPS.

Analysts Set New Price Targets

A number of brokerages have weighed in on VRSK. Barclays raised their target price on Verisk Analytics from $275.00 to $310.00 and gave the company an "overweight" rating in a report on Friday, September 13th. Royal Bank of Canada lifted their target price on Verisk Analytics from $268.00 to $300.00 and gave the company an "outperform" rating in a research report on Thursday, October 17th. BMO Capital Markets dropped their target price on shares of Verisk Analytics from $278.00 to $263.00 and set a "market perform" rating for the company in a report on Thursday, August 1st. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Verisk Analytics from $280.00 to $282.00 and gave the stock a "hold" rating in a research report on Thursday, August 1st. Finally, Wells Fargo & Company upgraded shares of Verisk Analytics to a "strong-buy" rating in a research report on Tuesday, August 13th. Six analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $278.67.

Verisk Analytics Stock Up 4.6 %

VRSK stock traded up $12.03 during mid-day trading on Wednesday, reaching $275.68. 576,434 shares of the company traded hands, compared to its average volume of 792,984. The firm's 50 day moving average price is $268.70 and its 200 day moving average price is $261.68. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 5.86. Verisk Analytics has a fifty-two week low of $215.32 and a fifty-two week high of $287.13. The stock has a market cap of $39.33 billion, a price-to-earnings ratio of 50.54, a P/E/G ratio of 3.36 and a beta of 0.86.

Verisk Analytics (NASDAQ:VRSK - Get Free Report) last posted its quarterly earnings results on Wednesday, July 31st. The business services provider reported $1.74 earnings per share for the quarter, topping the consensus estimate of $1.64 by $0.10. The company had revenue of $716.80 million during the quarter, compared to the consensus estimate of $722.45 million. Verisk Analytics had a return on equity of 252.11% and a net margin of 32.03%. The firm's quarterly revenue was up 6.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.51 EPS. As a group, equities research analysts predict that Verisk Analytics will post 6.57 EPS for the current fiscal year.

Insider Transactions at Verisk Analytics

In related news, CFO Elizabeth Mann sold 200 shares of the company's stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $271.33, for a total transaction of $54,266.00. Following the sale, the chief financial officer now directly owns 15,808 shares in the company, valued at approximately $4,289,184.64. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate 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.