Clarivate (NYSE:CLVT - Get Free Report) updated its FY 2025 earnings guidance on Tuesday. The company provided EPS guidance of 0.600-0.700 for the period, compared to the consensus EPS estimate of 0.640. The company issued revenue guidance of $2.3 billion-$2.4 billion, compared to the consensus revenue estimate of $2.3 billion.
Analysts Set New Price Targets
Separately, Royal Bank of Canada reissued a "sector perform" rating and set a $6.00 target price on shares of Clarivate in a report on Thursday, February 20th.
Check Out Our Latest Report on Clarivate
Clarivate Price Performance
NYSE:CLVT traded up $0.04 on Friday, hitting $4.33. The company had a trading volume of 4,860,607 shares, compared to its average volume of 5,215,257. Clarivate has a 52 week low of $3.04 and a 52 week high of $7.30. The stock has a market capitalization of $2.98 billion, a price-to-earnings ratio of -4.51 and a beta of 1.48. The company has a current ratio of 0.87, a quick ratio of 0.88 and a debt-to-equity ratio of 0.88. The firm has a 50 day moving average of $3.88 and a two-hundred day moving average of $4.87.
Clarivate (NYSE:CLVT - Get Free Report) last posted its earnings results on Tuesday, April 29th. The company reported $0.14 EPS for the quarter, beating the consensus estimate of $0.12 by $0.02. Clarivate had a positive return on equity of 9.10% and a negative net margin of 24.90%. The firm had revenue of $593.70 million during the quarter, compared to the consensus estimate of $574.03 million. During the same period last year, the company earned $0.14 earnings per share. The business's quarterly revenue was down 4.4% on a year-over-year basis. On average, research analysts anticipate that Clarivate will post 0.63 earnings per share for the current year.
Clarivate Company Profile
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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.
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