CCC Intelligent Solutions (CCCS) Set to Announce Earnings on Monday

CCC Intelligent Solutions (NYSE:CCCS - Get Free Report) will be issuing its quarterly earnings data after the market closes on Monday, October 28th. Analysts expect the company to announce earnings of $0.09 per share for the quarter. CCC Intelligent Solutions has set its FY 2024 guidance at EPS and its Q3 2024 guidance at EPS.Parties that wish to listen to the company's conference call can do so using this link.

CCC Intelligent Solutions (NYSE:CCCS - Get Free Report) last announced its quarterly earnings data on Tuesday, July 30th. The company reported $0.09 EPS for the quarter, beating the consensus estimate of $0.08 by $0.01. The company had revenue of $232.60 million for the quarter, compared to the consensus estimate of $230.16 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 9.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.02 EPS. On average, analysts expect CCC Intelligent Solutions to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

CCC Intelligent Solutions Stock Up 1.5 %

CCC Intelligent Solutions stock traded up $0.17 during trading hours on Monday, hitting $11.33. The stock had a trading volume of 4,366,709 shares, compared to its average volume of 3,464,676. The stock has a market capitalization of $7.04 billion, a P/E ratio of -53.95, a price-to-earnings-growth ratio of 6.26 and a beta of 0.62. The company has a quick ratio of 2.79, a current ratio of 2.79 and a debt-to-equity ratio of 0.40. The stock's 50-day moving average price is $10.77 and its 200-day moving average price is $11.05. CCC Intelligent Solutions has a 12-month low of $9.79 and a 12-month high of $12.68.

Insiders Place Their Bets

In other news, insider Brian Herb sold 20,887 shares of CCC Intelligent Solutions stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $10.24, for a total transaction of $213,882.88. Following the sale, the insider now owns 217,872 shares in the company, valued at $2,231,009.28. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other CCC Intelligent Solutions news, insider Michael John Silva sold 29,022 shares of the stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $10.75, for a total transaction of $311,986.50. Following the completion of the transaction, the insider now owns 30,172 shares in the company, valued at $324,349. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Brian Herb sold 20,887 shares of CCC Intelligent Solutions stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $10.24, for a total value of $213,882.88. Following the completion of the transaction, the insider now owns 217,872 shares of the company's stock, valued at approximately $2,231,009.28. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 238,387 shares of company stock worth $2,414,009. Corporate insiders own 6.67% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on CCCS shares. Jefferies Financial Group reduced their price objective on CCC Intelligent Solutions from $14.00 to $13.00 and set a "buy" rating for the company in a report on Wednesday, July 31st. Bank of America began coverage on shares of CCC Intelligent Solutions in a research report on Tuesday, August 20th. They set a "buy" rating and a $15.00 price objective on the stock. Finally, Barrington Research reaffirmed an "outperform" rating and issued a $14.00 target price on shares of CCC Intelligent Solutions in a research report on Wednesday, July 31st. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $13.75.

About CCC Intelligent Solutions

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.