FY2017 EPS Estimates for Verisk Analytics, Inc. (VRSK) Reduced by Analyst
Verisk Analytics, Inc. (NASDAQ:VRSK) – Stock analysts at Cantor Fitzgerald dropped their FY2017 earnings per share estimates for shares of Verisk Analytics in a research report issued on Tuesday. Cantor Fitzgerald analyst J. Foresi now forecasts that the business services provider will post earnings per share of $3.14 for the year, down from their prior forecast of $3.21. Cantor Fitzgerald currently has a “Buy” rating and a $92.00 price objective on the stock. Cantor Fitzgerald also issued estimates for Verisk Analytics’ FY2018 earnings at $3.49 EPS.
Other analysts also recently issued reports about the company. Morgan Stanley reaffirmed an “equal weight” rating and issued a $82.00 target price (down from $83.00) on shares of Verisk Analytics in a research note on Tuesday, July 18th. SunTrust Banks, Inc. downgraded Verisk Analytics from a “buy” rating to a “hold” rating and set a $85.00 target price for the company. in a research note on Thursday, August 3rd. Royal Bank Of Canada reaffirmed a “hold” rating on shares of Verisk Analytics in a research note on Friday, August 4th. Zacks Investment Research raised Verisk Analytics from a “sell” rating to a “hold” rating in a research note on Thursday, July 13th. Finally, BidaskClub raised Verisk Analytics from a “sell” rating to a “hold” rating in a research note on Thursday, June 15th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and two have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $85.00.
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Verisk Analytics (NASDAQ VRSK) opened at 81.53 on Wednesday. The firm’s 50-day moving average is $84.54 and its 200 day moving average is $82.15. Verisk Analytics has a 1-year low of $75.60 and a 1-year high of $88.17. The stock has a market capitalization of $13.42 billion, a price-to-earnings ratio of 29.64 and a beta of 0.66.
Verisk Analytics (NASDAQ:VRSK) last posted its quarterly earnings data on Tuesday, August 1st. The business services provider reported $0.82 EPS for the quarter, topping the consensus estimate of $0.77 by $0.05. The company had revenue of $523.20 million during the quarter, compared to analyst estimates of $519.67 million. Verisk Analytics had a net margin of 22.99% and a return on equity of 38.43%. Verisk Analytics’s quarterly revenue was up 5.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.73 earnings per share.
In other news, Director Andrew G. Mills sold 3,000 shares of Verisk Analytics stock in a transaction dated Tuesday, June 20th. The stock was sold at an average price of $83.47, for a total value of $250,410.00. Following the completion of the transaction, the director now owns 107,666 shares in the company, valued at approximately $8,986,881.02. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director John F. Lehman sold 8,247 shares of Verisk Analytics stock in a transaction dated Tuesday, May 16th. The shares were sold at an average price of $78.72, for a total value of $649,203.84. Following the completion of the transaction, the director now owns 115,073 shares of the company’s stock, valued at approximately $9,058,546.56. The disclosure for this sale can be found here. Insiders have sold a total of 27,551 shares of company stock valued at $2,211,942 over the last 90 days. 3.41% of the stock is currently owned by company insiders.
Institutional investors have recently made changes to their positions in the stock. Oakbrook Investments LLC bought a new position in shares of Verisk Analytics during the first quarter valued at about $487,000. Ledyard National Bank boosted its position in shares of Verisk Analytics by 40.4% in the first quarter. Ledyard National Bank now owns 2,085 shares of the business services provider’s stock valued at $169,000 after buying an additional 600 shares during the last quarter. DnB Asset Management AS boosted its position in shares of Verisk Analytics by 18.9% in the first quarter. DnB Asset Management AS now owns 18,851 shares of the business services provider’s stock valued at $1,530,000 after buying an additional 3,000 shares during the last quarter. Gateway Investment Advisers LLC boosted its position in shares of Verisk Analytics by 16.2% in the first quarter. Gateway Investment Advisers LLC now owns 178,722 shares of the business services provider’s stock valued at $14,502,000 after buying an additional 24,933 shares during the last quarter. Finally, Harvey Investment Co. LLC boosted its position in shares of Verisk Analytics by 0.7% in the first quarter. Harvey Investment Co. LLC now owns 189,386 shares of the business services provider’s stock valued at $15,367,000 after buying an additional 1,305 shares during the last quarter. Institutional investors and hedge funds own 93.14% of the company’s stock.
Verisk Analytics Company Profile
Verisk Analytics, Inc is a data analytics provider serving customers in insurance, natural resources and financial services. The Company operates through two segments: Risk Assessment and Decision Analytics. Its Risk Assessment segment serves its property and casualty insurance customers and focuses on prediction of loss, selection and pricing of risk, and compliance with their reporting requirements in each United States state in which they operate.
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