Equities research analysts forecast that IHS Markit Ltd. (NASDAQ:INFO) will post $0.51 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Seven analysts have provided estimates for IHS Markit’s earnings. The lowest EPS estimate is $0.49 and the highest is $0.53. IHS Markit posted earnings of $0.48 per share in the same quarter last year, which indicates a positive year over year growth rate of 6.3%. The firm is scheduled to report its next quarterly earnings report on Tuesday, January 16th.
On average, analysts expect that IHS Markit will report full-year earnings of $2.05 per share for the current financial year, with EPS estimates ranging from $2.04 to $2.07. For the next year, analysts anticipate that the company will report earnings of $2.21 per share, with EPS estimates ranging from $2.18 to $2.30. Zacks’ earnings per share calculations are a mean average based on a survey of analysts that cover IHS Markit.
IHS Markit (NASDAQ:INFO) last posted its quarterly earnings data on Tuesday, September 26th. The business services provider reported $0.57 EPS for the quarter, beating the consensus estimate of $0.53 by $0.04. The business had revenue of $904.70 million for the quarter, compared to analysts’ expectations of $890.99 million. IHS Markit had a net margin of 11.35% and a return on equity of 8.79%. The firm’s revenue was up 24.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.45 EPS.
INFO has been the topic of several research reports. Zacks Investment Research raised shares of IHS Markit from a “sell” rating to a “hold” rating in a research report on Tuesday, August 29th. Goldman Sachs Group, Inc. (The) assumed coverage on shares of IHS Markit in a research report on Wednesday, November 8th. They issued a “buy” rating and a $55.00 price objective on the stock. Cantor Fitzgerald reissued a “hold” rating and set a $45.00 price target on shares of IHS Markit in a research report on Tuesday, September 26th. SunTrust Banks, Inc. boosted their price target on shares of IHS Markit to $48.00 and gave the stock a “hold” rating in a research report on Tuesday, November 14th. Finally, Wells Fargo & Company cut their price target on shares of IHS Markit from $52.00 to $50.00 and set an “outperform” rating on the stock in a research report on Wednesday, September 27th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $47.46.
Shares of IHS Markit (NASDAQ:INFO) opened at $43.85 on Tuesday. The company has a market cap of $17,510.00, a price-to-earnings ratio of 26.93, a P/E/G ratio of 2.38 and a beta of 0.82. IHS Markit has a 52-week low of $34.20 and a 52-week high of $48.53. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.53 and a quick ratio of 0.53.
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In other news, CFO Todd S. Hyatt sold 20,000 shares of the business’s stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $44.20, for a total transaction of $884,000.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
Institutional investors have recently added to or reduced their stakes in the company. State Treasurer State of Michigan increased its stake in shares of IHS Markit by 5.7% during the 3rd quarter. State Treasurer State of Michigan now owns 110,200 shares of the business services provider’s stock worth $4,858,000 after purchasing an additional 5,900 shares during the last quarter. Prudential Financial Inc. increased its stake in shares of IHS Markit by 6,953.5% during the 2nd quarter. Prudential Financial Inc. now owns 415,450 shares of the business services provider’s stock worth $18,297,000 after purchasing an additional 409,560 shares during the last quarter. Swiss National Bank increased its stake in shares of IHS Markit by 6.3% during the 2nd quarter. Swiss National Bank now owns 1,350,757 shares of the business services provider’s stock worth $59,487,000 after purchasing an additional 80,000 shares during the last quarter. Principal Financial Group Inc. increased its stake in shares of IHS Markit by 26.1% during the 2nd quarter. Principal Financial Group Inc. now owns 7,454,101 shares of the business services provider’s stock worth $328,279,000 after purchasing an additional 1,542,180 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. increased its stake in shares of IHS Markit by 102.8% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 1,203,898 shares of the business services provider’s stock worth $53,020,000 after purchasing an additional 610,170 shares during the last quarter. Institutional investors own 98.72% of the company’s stock.
IHS Markit Company Profile
IHS Markit Ltd., formerly Markit Ltd., is a provider of critical information and analytics for the major industries, financial markets and governments. The Company operates through four segments: Resources, Transportation, Consolidated Markets & Solutions (CMS) and Financial Services. The Resources segment includes its energy and chemicals product offerings.
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