Clarivate (NYSE:CLVT) Issues FY 2025 Earnings Guidance

Key Points

• Clarivate updated its FY 2025 earnings guidance, projecting earnings per share (EPS) between 0.600-0.700 compared to a consensus estimate of 0.648, along with revenue guidance of $2.3 billion-$2.4 billion against a consensus of $2.4 billion.
• Several analysts recently downgraded Clarivate's stock rating to "hold," with an average price target set at $4.83, amidst a mix of sell and hold ratings from market analysts.
• Insider trading activity was noted, with an insider selling 100,000 shares for $453,000, resulting in a 7.29% reduction in their position.

Clarivate (NYSE:CLVT - Get Free Report) issued an update on its FY 2025 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of 0.600-0.700 for the period, compared to the consensus estimate of 0.648. The company issued revenue guidance of $2.3 billion-$2.4 billion, compared to the consensus revenue estimate of $2.4 billion.

Clarivate Stock Down 6.0%

Shares of CLVT traded down $0.23 during midday trading on Friday, hitting $3.62. The company had a trading volume of 6,273,920 shares, compared to its average volume of 4,100,375. The company's 50-day simple moving average is $4.28 and its 200-day simple moving average is $4.32. The firm has a market capitalization of $2.43 billion, a P/E ratio of -5.84 and a beta of 1.40. Clarivate has a 1 year low of $3.04 and a 1 year high of $7.15. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.88 and a current ratio of 0.91.

Clarivate (NYSE:CLVT - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The company reported $0.18 earnings per share for the quarter, meeting analysts' consensus estimates of $0.18. Clarivate had a positive return on equity of 8.65% and a negative net margin of 17.33%. The company had revenue of $621.40 million during the quarter, compared to analysts' expectations of $587.17 million. During the same quarter in the previous year, the business earned $0.20 earnings per share. The firm's revenue for the quarter was down 4.4% on a year-over-year basis. As a group, sell-side analysts expect that Clarivate will post 0.63 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on CLVT shares. Jefferies Financial Group started coverage on Clarivate in a report on Friday, July 18th. They set a "hold" rating and a $4.50 price objective on the stock. Wall Street Zen lowered Clarivate from a "buy" rating to a "hold" rating in a report on Saturday, June 21st. One equities research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $4.83.

Insider Activity

In other Clarivate news, insider James Gordon Samson sold 100,000 shares of the firm's stock in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $4.53, for a total transaction 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 trade represents a 7.29% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 23.18% of the company's stock.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the company. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of Clarivate by 13.1% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,243,683 shares of the company's stock worth $4,888,000 after purchasing an additional 144,462 shares during the last quarter. Millennium Management LLC lifted its holdings in shares of Clarivate by 1,420.4% in the 1st quarter. Millennium Management LLC now owns 1,188,978 shares of the company's stock worth $4,673,000 after purchasing an additional 1,110,774 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of Clarivate by 15.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 616,250 shares of the company's stock worth $2,422,000 after purchasing an additional 82,768 shares during the last quarter. AQR Capital Management LLC lifted its holdings in shares of Clarivate by 37.0% in the 1st quarter. AQR Capital Management LLC now owns 451,872 shares of the company's stock worth $1,749,000 after purchasing an additional 122,099 shares during the last quarter. Finally, Royal Bank of Canada lifted its holdings in shares of Clarivate by 96.2% in the 1st quarter. Royal Bank of Canada now owns 63,630 shares of the company's stock worth $250,000 after purchasing an additional 31,197 shares during the last quarter. Institutional investors own 85.72% of the company's stock.

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.