Clarivate Analytics (NYSE:CCC) Releases FY20 Earnings Guidance

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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.

CCC has been the topic of a number of research reports. ValuEngine cut Clarivate Analytics from a buy rating to a hold rating in a research report on Friday, May 1st. B. Riley raised Clarivate Analytics from a neutral rating to a buy rating and increased their target price for the stock from $24.00 to $35.00 in a research report on Friday. Zacks Investment Research downgraded shares of Clarivate Analytics from a hold rating to a sell rating in a report on Thursday, July 23rd. Barclays initiated coverage on shares of Clarivate Analytics in a research report on Monday, July 27th. They set an overweight rating and a $26.00 price target for the company. Finally, Goldman Sachs Group upgraded shares of Clarivate Analytics from a neutral rating to a buy rating in a research report on Sunday, April 19th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and six have given a buy rating to the company’s stock. Clarivate Analytics presently has a consensus rating of Buy and a consensus target price of $26.57.

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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