CCC Intelligent Solutions (NYSE:CCCS - Get Free Report) is scheduled to be releasing its earnings data after the market closes on Monday, October 28th. Analysts expect CCC Intelligent Solutions to post 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.Persons interested in listening to the company's earnings conference call can do so using this link.
CCC Intelligent Solutions (NYSE:CCCS - Get Free Report) last posted its quarterly earnings data on Tuesday, July 30th. The company reported $0.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.01. The firm had revenue of $232.60 million for the quarter, compared to the consensus estimate of $230.16 million. CCC Intelligent Solutions had a return on equity of 5.16% and a net margin of 2.36%. The business's revenue for the quarter was up 9.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $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.
NYSE CCCS opened at $11.16 on Monday. The stock's 50-day moving average price is $10.75 and its two-hundred day moving average price is $11.05. The company has a current ratio of 2.79, a quick ratio of 2.79 and a debt-to-equity ratio of 0.40. The company has a market cap of $6.94 billion, a PE ratio of -53.14, a PEG ratio of 6.26 and a beta of 0.62. CCC Intelligent Solutions has a 1 year low of $9.79 and a 1 year high of $12.73.
Several research firms have issued reports on CCCS. Bank of America began coverage on CCC Intelligent Solutions in a report on Tuesday, August 20th. They set a "buy" rating and a $15.00 price objective on the stock. Barrington Research reiterated an "outperform" rating and issued a $14.00 target price on shares of CCC Intelligent Solutions in a report on Wednesday, July 31st. Finally, Jefferies Financial Group dropped their target price on CCC Intelligent Solutions from $14.00 to $13.00 and set a "buy" rating on the stock in a report on Wednesday, July 31st. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, CCC Intelligent Solutions presently has an average rating of "Moderate Buy" and an average target price of $13.75.
View Our Latest Analysis on CCCS
In related news, insider Brian Herb sold 20,887 shares of the business's stock in a transaction that occurred on 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 sale, the insider now owns 217,872 shares of the company's stock, valued at approximately $2,231,009.28. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In related news, insider Brian Herb sold 20,887 shares of the business's stock in a transaction that occurred on 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 sale, the insider now owns 217,872 shares of the company's stock, valued at approximately $2,231,009.28. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CAO Rodney Christo sold 4,177 shares of the business's stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $10.24, for a total value of $42,772.48. The disclosure for this sale can be found here. In the last quarter, insiders sold 238,387 shares of company stock valued at $2,414,009. 6.67% of the stock is owned by corporate insiders.
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.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected].
Before you consider CCC Intelligent Solutions, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and CCC Intelligent Solutions wasn't on the list.
While CCC Intelligent Solutions currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.