Clarivate Analytics (NYSE:CCC) issued an update on its FY20 earnings guidance on Thursday morning. 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.
CCC stock opened at $27.65 on Friday. The firm has a market cap of $10.71 billion, a price-to-earnings ratio of -58.83 and a beta of 0.53. Clarivate Analytics has a 1-year low of $15.00 and a 1-year high of $28.82. The firm has a fifty day moving average price of $22.89 and a two-hundred day moving average price of $21.75. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.94 and a quick ratio of 0.94.
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 Thomson Reuters’ consensus estimate of $0.14 by $0.04. The business had revenue of $276.90 million during the quarter, compared to analyst estimates of $286.68 million. Clarivate Analytics had a negative net margin of 14.77% and a positive return on equity of 9.20%. Clarivate Analytics’s revenue for the quarter was up 14.2% compared to the same quarter last year. As a group, analysts expect that Clarivate Analytics will post 0.49 EPS for the current fiscal 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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