CCC Intelligent Solutions (CCCS) to Release Quarterly Earnings on Tuesday

CCC Intelligent Solutions (NYSE:CCCS) is scheduled to issue its quarterly earnings data after the market closes on Tuesday, July 30th. Analysts expect the company to announce earnings of $0.08 per share for the quarter. CCC Intelligent Solutions has set its FY 2024 guidance at EPS and its Q2 2024 guidance at EPS.Investors interested in registering for the company’s conference call can do so using this link.

CCC Intelligent Solutions (NYSE:CCCS) last announced its earnings results on Tuesday, April 30th. The company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.01). The business had revenue of $227.24 million for the quarter, compared to analysts’ expectations of $225.21 million. CCC Intelligent Solutions had a positive return on equity of 4.52% and a negative net margin of 10.85%. On average, analysts expect CCC Intelligent Solutions to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

CCC Intelligent Solutions Trading Up 0.8 %

NYSE CCCS opened at $11.10 on Monday. The company has a market capitalization of $6.90 billion, a price-to-earnings ratio of -52.86 and a beta of 0.62. CCC Intelligent Solutions has a 12 month low of $10.32 and a 12 month high of $13.41. The firm’s fifty day moving average price is $11.36 and its 200 day moving average price is $11.39. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.53 and a quick ratio of 2.53.

Insider Activity

In related news, insider Githesh Ramamurthy sold 24,541 shares of the firm’s stock in a transaction dated Tuesday, June 25th. The stock was sold at an average price of $11.50, for a total transaction of $282,221.50. Following the sale, the insider now directly owns 6,463,840 shares in the company, valued at approximately $74,334,160. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other CCC Intelligent Solutions news, insider Githesh Ramamurthy sold 24,541 shares of CCC Intelligent Solutions stock in a transaction that occurred on Tuesday, June 25th. The stock was sold at an average price of $11.50, for a total transaction of $282,221.50. Following the sale, the insider now directly owns 6,463,840 shares in the company, valued at approximately $74,334,160. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director International L.P. Advent sold 41,622,992 shares of the company’s stock in a transaction that occurred on Thursday, May 30th. The shares were sold at an average price of $11.43, for a total value of $475,750,798.56. Following the sale, the director now owns 3,812,112 shares in the company, valued at approximately $43,572,440.16. The disclosure for this sale can be found here. Insiders sold 67,777,216 shares of company stock valued at $771,814,055 in the last ninety days. Company insiders own 6.67% of the company’s stock.

Analyst Ratings Changes

Separately, Barrington Research reiterated an “outperform” rating and issued a $14.00 target price on shares of CCC Intelligent Solutions in a research note on Wednesday, May 1st. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $13.63.

About CCC Intelligent Solutions

CCC Intelligent Solutions Holdings Inc, operates as a software as a service company for the property and casualty insurance economy in the United States and China. The company's cloud-based software as a service platform connects trading partners, facilitates commerce, and supports mission-critical, artificial intelligence enabled digital workflow across the insurance economy, including insurers, repairers, automakers, parts suppliers, lenders and more.