Verisk Analytics (VRSK) PT Raised to $123 at BMO Capital
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Verisk Announces Initiation of Cash Dividend
February 19, 2019 4:17 PM ESTJERSEY CITY, N.J., February 19, 2019 - Verisk (Nasdaq: VRSK), a leading data analytics provider, today announced that its Board of Directors has approved the initiation of a cash dividend to shareholders. Verisk will pay a cash dividend, the first in the company's history, of $0.25 per share of common stock on March 29, 2019, to shareholders of record on the close of business on March 15, 2019.Â
"The decision by our Board of Directors to initiate a dividend represents an important milestone in what is... More
Verisk Reports Fourth-Quarter 2018 Financial Results
February 19, 2019 4:12 PM ESTConsolidated revenue grew 7.7% to $614 million; organic constant currency revenue growth, a non-GAAP measure, was 5.4%. Normalizing for the revenue associated with exceptional storm activity in the prior-year period, organic constant currency revenue would have grown 6.9%. Net income was $146 million; adjusted EBITDA, a non-GAAP measure, was $289 million. Net income declined 28.5%, reflecting an $89 million tax benefit in the fourth quarter of 2017 due to tax reform. Equalizing the fourth-quarter 2017 effective tax rate, adjusted net income would have increased 5.6%. Organic constant currency adjusted EBITDA... More
