Clarivate Analytics (NYSE:CCC) released its quarterly earnings data on Thursday. The industrial products company reported $0.18 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.14 by $0.04, Briefing.com reports. The company had revenue of $276.90 million during the quarter, compared to the consensus estimate of $286.68 million. Clarivate Analytics had a negative net margin of 14.77% and a positive return on equity of 9.20%. The firm’s revenue for the quarter was up 14.2% on a year-over-year basis. Clarivate Analytics updated its FY20 guidance to $0.53-0.59 EPS.
Shares of NYSE CCC traded down $0.09 during mid-day trading on Friday, reaching $27.65. 1,806,585 shares of the company were exchanged, compared to its average volume of 1,076,794. Clarivate Analytics has a 52 week low of $15.00 and a 52 week high of $28.82. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.95. The stock has a market capitalization of $10.71 billion, a PE ratio of -58.83 and a beta of 0.53. The company’s 50 day moving average price is $22.89 and its 200 day moving average price is $21.75.
CCC has been the subject of several analyst reports. Zacks Investment Research downgraded shares of Clarivate Analytics from a “hold” rating to a “sell” rating in a report on Thursday, July 23rd. Royal Bank of Canada reissued an “outperform” rating and issued a $28.00 price target (up from $25.00) on shares of Clarivate Analytics in a report on Tuesday, May 5th. Citigroup raised their price target on shares of Clarivate Analytics from $24.00 to $28.00 and gave the company a “buy” rating in a report on Wednesday, May 6th. Goldman Sachs Group raised shares of Clarivate Analytics from a “neutral” rating to a “buy” rating in a report on Sunday, April 19th. Finally, Barclays initiated coverage on shares of Clarivate Analytics in a report on Monday, July 27th. They issued an “overweight” rating and a $26.00 price target for the company. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and six have issued a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $26.57.
Clarivate Analytics Plc provides insights and analytics that enables clients to discover, protect, and commercialize ideas. It serves government and academic institutions, life science companies, and research and development corporations. The company is based in London, the United Kingdom.
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