CCC Intelligent Solutions (NYSE: CCCS) is set to announce its earnings data for the third quarter after the market closes on Monday, October 28th. Analysts are anticipating earnings of $0.09 per share for the quarter. The company has previously provided its FY 2024 guidance at EPS and its Q3 2024 guidance at EPS.
In the last quarterly report released on July 30th, CCC Intelligent Solutions reported earnings per share of $0.09, surpassing the consensus estimate of $0.08 by $0.01. The company generated $232.60 million in revenue for the quarter, exceeding the consensus estimate of $230.16 million. Comparing to the same quarter last year, the company experienced a 9.9% increase in revenue. CCC Intelligent Solutions achieved a return on equity of 5.16% and a net margin of 2.36%.
CCC Intelligent Solutions’ stock opened at $11.16 on Monday, with a 50-day moving average price of $10.75 and a two-hundred day moving average price of $11.05. The company has a current ratio and quick ratio of 2.79, indicating a healthy liquidity position. With a market capitalization of $6.94 billion, the company has a price-to-earnings ratio of -53.14 and a beta of 0.62. Its 52-week range is $9.79 to $12.73.
Insider activity at CCC Intelligent Solutions includes Brian Herb, who sold 20,887 shares of the company’s stock on July 31st at an average price of $10.24, resulting in a total value of $213,882.88. Following the sale, Herb now holds 217,872 shares valued at approximately $2,231,009.28. Additionally, Rodney Christo, the Chief Accounting Officer, sold 4,177 shares on the same day at an average price of $10.24, totaling $42,772.48.
In the last quarter, insiders have sold a total of 238,387 shares of CCC Intelligent Solutions, with a combined value of $2,414,009. Corporate insiders currently own 6.67% of the company’s stock.
CCC Intelligent Solutions Holdings Inc operates as a software-as-a-service company in the property and casualty insurance economy in the United States and China. Its cloud-based platform connects trading partners, facilitates commerce, and supports artificial intelligence-enabled digital workflow across the insurance economy.