Clarivate (CLVT) Expected to Announce Earnings on Wednesday

Clarivate (NYSE:CLVT - Get Free Report) is projected to release its Q2 2025 earnings data before the market opens on Wednesday, July 30th. Analysts expect Clarivate to post earnings of $0.18 per share and revenue of $587.17 million for the quarter. Clarivate has set its FY 2025 guidance at 0.600-0.700 EPS.

Clarivate (NYSE:CLVT - Get Free Report) last posted its earnings results on Tuesday, April 29th. The company reported $0.14 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.02. Clarivate had a negative net margin of 26.32% and a positive return on equity of 8.75%. The company had revenue of $593.70 million for the quarter, compared to analyst estimates of $574.03 million. During the same period last year, the business posted $0.14 earnings per share. The business's revenue for the quarter was down 4.4% compared to the same quarter last year. On average, analysts expect Clarivate to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Clarivate Stock Up 1.9%

Shares of CLVT stock traded up $0.09 during trading hours on Friday, hitting $4.53. 3,184,021 shares of the company were exchanged, compared to its average volume of 4,253,240. The business has a 50 day moving average of $4.30 and a two-hundred day moving average of $4.35. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 0.90. Clarivate has a 52 week low of $3.04 and a 52 week high of $7.15. The company has a market capitalization of $3.09 billion, a PE ratio of -4.66 and a beta of 1.47.

Insider Buying and Selling at Clarivate

In other news, insider James Gordon Samson sold 100,000 shares of the stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $4.53, for a total value of $453,000.00. Following the completion of the sale, the insider owned 1,271,103 shares in the company, valued at $5,758,096.59. This represents a 7.29% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 23.18% of the company's stock.

Hedge Funds Weigh In On Clarivate

Large investors have recently modified their holdings of the business. Royal Bank of Canada boosted its position in shares of Clarivate by 96.2% in the first quarter. Royal Bank of Canada now owns 63,630 shares of the company's stock valued at $250,000 after acquiring an additional 31,197 shares during the period. AQR Capital Management LLC boosted its position in shares of Clarivate by 37.0% in the first quarter. AQR Capital Management LLC now owns 451,872 shares of the company's stock valued at $1,749,000 after acquiring an additional 122,099 shares during the period. Millennium Management LLC boosted its position in shares of Clarivate by 1,420.4% in the first quarter. Millennium Management LLC now owns 1,188,978 shares of the company's stock valued at $4,673,000 after acquiring an additional 1,110,774 shares during the period. Goldman Sachs Group Inc. lifted its position in Clarivate by 15.5% during the first quarter. Goldman Sachs Group Inc. now owns 616,250 shares of the company's stock valued at $2,422,000 after purchasing an additional 82,768 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in Clarivate by 13.1% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,243,683 shares of the company's stock valued at $4,888,000 after purchasing an additional 144,462 shares during the last quarter. Hedge funds and other institutional investors own 85.72% of the company's stock.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. Jefferies Financial Group began coverage on shares of Clarivate in a research report on Friday, July 18th. They issued a "hold" rating and a $4.50 price objective for the company. Wall Street Zen cut shares of Clarivate from a "buy" rating to a "hold" rating in a research report on Saturday, June 21st. One investment analyst has rated the stock with a sell rating and four have issued a hold rating to the company. Based on data from MarketBeat.com, Clarivate presently has an average rating of "Hold" and a consensus target price of $4.83.

Clarivate Company Profile

Clarivate Plc operates as an information services provider in the Americas, the Middle East, Africa, Europe, and the Asia Pacific. It operates through three segments: Academia & Government, Life Sciences & Healthcare, and Intellectual Property. The company offers Web of Science and InCites, that analyzes and explores the academic research landscape and manages research information; ProQuest One and Ebook Central that provides comprehensive content collections to institutions in a cost-effective manner; and Alma and Polaris, that manages academic resources and services, connect users, and support research publications.