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Verisk (VRSK) Expands Service Portfolio to Boost Revenues

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A leading provider of environmental health and safety compliance, 3E Company – a division of Verisk Analytics, Inc. (VRSK - Free Report) – recently announced the launch of its latest regulatory consulting services. These services will help streamline compliance with complex U.S. Toxics Release Inventory (TRI) and Canadian National Pollutant Release Inventory (NPRI) regulations.

In fact, the manufacturing and industrial clients of the company can efficiently fulfil their annual reporting responsibilities, reduce risk, enhance chemical safety, and protect the environment by making use of these services. According to the TRI and NPRI regulatory environment-friendly programs organisations require to have a detailed knowledge of the chemicals manufactured, processed, or used in their facilities as well as the release, disposal, and transfer of pollutants. Therefore, 3E will provide its clients a complete report using its reporting tools.

On Mar 8, 2017, the company announced the expansion of its cloud-based regulatory content offering for Integration with SAP SE (SAP - Free Report) . Per the deal, the company’s product safety, dangerous goods, and scientific content will be accessible for customers via the cloud for seamless integration with the SAP Environment, Health, and Safety (EHS) system. 

3E Company has been keen on enhancing its service offerings for its customer. Toward this end, Verisk continuously seeks to expand its portfolioby leveraging on its profound knowledge and embedded position. Verisk strives to develop new, proprietary data sets and predictive analytics by understanding the evolving needs of its customers. In fact, Verisk recorded an average organic revenue growth of about 8% over the past 10 years. At the same time, it continues to extend its footprint in new markets with healthy long-term growth potential as well as through targeted international expansion. We believe, this holistic growth model is likely to strengthen its leading position in the market and will also positively impact its revenues.

With an average loss of 0.2%, Verisk outperformed the Zacks categorized Business - Services industry’s decline of 1.6% over the last 30 days.

Headquartered in Jersey City, NJ, Verisk offers data analytics services to diverse industries such as insurance, natural resources, healthcare, financial services, government and risk management. Using advanced technologies to collect and analyse troves of data, it also draws on unique data assets and deep domain expertise to provide predictive analytics and decision support solutions that are integrated into customer workflows. This helps Verisk’s customers to make appropriate decisions with greater precision, efficiency and discipline being well aware of the various risks involved in the businesses. Additionally, in order to create long-term value for its clients, 3E has extended its scalable data and analytic solutions by steadily putting resources into overseas markets. The scalability of its products has further led to highly cash-generative businesses characterized by high net margins and relatively low capital intensity.

Verisk currently carries a Zacks Rank #3 (Hold). Better-ranked stocks in the industry include S&P Global Inc. (SPGI - Free Report) and TransUnion (TRU - Free Report) , each carrying a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

S&P Global has long-term earnings growth expectation of 12.3% and is currently trading at a forward P/E of 21.6x.

TransUnion has long-term earnings growth expectation of 12.8%. It has beaten estimates in each of the trailing four quarters, with an average positive earnings surprise of 13.6%.

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