Clarivate Analytics (NYSE:CCC) Issues FY20 Earnings Guidance

Clarivate Analytics (NYSE:CCC) updated its FY20 earnings guidance on Thursday. The company provided earnings per share guidance of $0.53-0.59 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.55. The company issued revenue guidance of $1.13-1.16 billion, compared to the consensus revenue estimate of $1.15 billion.

A number of research analysts have recently weighed in on the stock. Barclays began coverage on shares of Clarivate Analytics in a research note on Monday, July 27th. They set an overweight rating and a $26.00 price objective for the company. B. Riley raised Clarivate Analytics from a neutral rating to a buy rating and raised their price target for the stock from $24.00 to $35.00 in a research report on Friday. Citigroup upped their price objective on Clarivate Analytics from $24.00 to $28.00 and gave the company a buy rating in a research report on Wednesday, May 6th. Zacks Investment Research cut Clarivate Analytics from a hold rating to a sell rating in a research report on Thursday, July 23rd. Finally, Goldman Sachs Group raised shares of Clarivate Analytics from a neutral rating to a buy rating in a research note on Sunday, April 19th. One analyst has rated the stock with a sell rating, one has given a hold rating and six have issued a buy rating to the company. The company presently has a consensus rating of Buy and a consensus target price of $26.57.

Clarivate Analytics stock opened at $27.65 on Friday. The stock has a fifty day moving average price of $22.89 and a 200 day moving average price of $21.75. Clarivate Analytics has a 52 week low of $15.00 and a 52 week high of $28.82. The firm has a market capitalization of $10.71 billion, a P/E ratio of -58.83 and a beta of 0.53. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.95.

Clarivate Analytics (NYSE:CCC) last posted its quarterly earnings results on Thursday, July 30th. The industrial products company reported $0.18 EPS for the quarter, beating the consensus estimate of $0.14 by $0.04. The company had revenue of $276.90 million during the quarter, compared to analysts’ expectations of $286.68 million. Clarivate Analytics had a positive return on equity of 9.20% and a negative net margin of 14.77%. The business’s revenue for the quarter was up 14.2% compared to the same quarter last year. As a group, equities analysts predict that Clarivate Analytics will post 0.49 EPS for the current year.

About Clarivate Analytics

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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Earnings History and Estimates for Clarivate Analytics (NYSE:CCC)

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