CCC Intelligent Solutions (NYSE:CCCS) Releases Earnings Results, Beats Expectations By $0.01 EPS

CCC Intelligent Solutions (NYSE:CCCS - Get Free Report) issued its quarterly earnings data on Monday. The company reported $0.10 EPS for the quarter, topping analysts' consensus estimates of $0.09 by $0.01, Briefing.com reports. The company had revenue of $238.48 million during the quarter, compared to the consensus estimate of $237.41 million. CCC Intelligent Solutions had a net margin of 2.36% and a return on equity of 5.16%. CCC Intelligent Solutions's revenue for the quarter was up 7.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.03 earnings per share. CCC Intelligent Solutions updated its Q4 2024 guidance to EPS and its FY 2024 guidance to EPS.

CCC Intelligent Solutions Stock Performance

CCCS traded down $0.02 during trading on Tuesday, reaching $10.93. 4,983,156 shares of the company's stock were exchanged, compared to its average volume of 3,447,256. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.79 and a quick ratio of 2.79. CCC Intelligent Solutions has a 1 year low of $9.79 and a 1 year high of $12.68. The company's fifty day simple moving average is $10.85 and its 200-day simple moving average is $11.02. The stock has a market capitalization of $6.80 billion, a P/E ratio of -52.05, a price-to-earnings-growth ratio of 6.26 and a beta of 0.62.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. Jefferies Financial Group dropped their price objective on CCC Intelligent Solutions from $14.00 to $13.00 and set a "buy" rating on the stock in a research report on Wednesday, July 31st. JPMorgan Chase & Co. reduced their price objective on shares of CCC Intelligent Solutions from $14.00 to $13.00 and set an "overweight" rating for the company in a research note on Tuesday. Bank of America initiated coverage on shares of CCC Intelligent Solutions in a research note on Tuesday, August 20th. They issued a "buy" rating and a $15.00 target price for the company. Barclays decreased their price objective on CCC Intelligent Solutions from $14.00 to $13.00 and set an "equal weight" rating for the company in a report on Tuesday. Finally, Barrington Research reaffirmed an "outperform" rating and set a $14.00 target price on shares of CCC Intelligent Solutions in a research report on Tuesday. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, CCC Intelligent Solutions has an average rating of "Moderate Buy" and a consensus price target of $13.56.

Insider Transactions at CCC Intelligent Solutions

In other CCC Intelligent Solutions news, Director Eileen Schloss sold 99,925 shares of CCC Intelligent Solutions stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $9.89, for a total transaction of $988,258.25. Following the completion of the transaction, the director now owns 54,047 shares in the company, valued at approximately $534,524.83. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other CCC Intelligent Solutions news, Director Eileen Schloss sold 99,925 shares of the company's stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $9.89, for a total value of $988,258.25. Following the sale, the director now owns 54,047 shares in the company, valued at approximately $534,524.83. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider John Page Goodson sold 45,560 shares of CCC Intelligent Solutions stock in a transaction that occurred on Tuesday, August 6th. The shares were sold at an average price of $10.08, for a total transaction of $459,244.80. Following the transaction, the insider now directly owns 87,892 shares of the company's stock, valued at approximately $885,951.36. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 238,387 shares of company stock worth $2,414,009 over the last 90 days. 6.67% of the stock is currently owned by company insiders.

CCC Intelligent Solutions Company Profile

CCC Intelligent Solutions Holdings Inc, operates as a software as a service company for the property and casualty insurance economy in the United States and China. The company's cloud-based software as a service platform connects trading partners, facilitates commerce, and supports mission-critical, artificial intelligence enabled digital workflow across the insurance economy, including insurers, repairers, automakers, parts suppliers, lenders and more.