IHS Markit (NYSE:INFO) released its quarterly earnings results on Tuesday. The business services provider reported $0.65 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.61 by $0.04, Briefing.com reports. IHS Markit had a return on equity of 10.35% and a net margin of 8.74%. The business had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.12 billion. During the same period in the previous year, the company posted $0.57 EPS. The business’s quarterly revenue was up 4.9% compared to the same quarter last year. IHS Markit updated its FY 2020
Pre-Market guidance to 2.82-2.88 EPS and its FY20 guidance to $2.82-2.88 EPS.
Shares of NYSE:INFO opened at $79.06 on Wednesday. The stock has a 50 day moving average of $74.98 and a 200 day moving average of $68.87. The company has a market cap of $31.38 billion, a PE ratio of 39.93, a price-to-earnings-growth ratio of 2.73 and a beta of 0.79. IHS Markit has a 12-month low of $49.79 and a 12-month high of $79.96. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.61.
Several equities analysts have recently weighed in on INFO shares. Morgan Stanley increased their price objective on shares of IHS Markit from $58.00 to $59.00 and gave the stock an “underweight” rating in a research note on Thursday, October 10th. William Blair restated an “outperform” rating on shares of IHS Markit in a research report on Wednesday, September 25th. Bank of America set a $77.00 target price on shares of IHS Markit and gave the company a “buy” rating in a report on Tuesday, September 24th. Jefferies Financial Group initiated coverage on shares of IHS Markit in a research report on Wednesday, November 27th. They issued a “hold” rating and a $76.00 price target on the stock. Finally, UBS Group increased their price target on shares of IHS Markit from $63.00 to $69.00 and gave the stock a “neutral” rating in a research report on Wednesday, September 25th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and eleven have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $74.36.
In other news, CEO Lance Darrell Gordon Uggla sold 153,808 shares of the stock in a transaction on Monday, November 18th. The shares were sold at an average price of $71.37, for a total value of $10,977,276.96. Following the completion of the sale, the chief executive officer now directly owns 424,158 shares of the company’s stock, valued at $30,272,156.46. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 1.11% of the company’s stock.
IHS Markit Company Profile
IHS Markit Ltd. provides critical information, analytics, and solutions for various industries and markets that drive economies worldwide. The company's information, analytics, and solutions enhance operational efficiency and offer deep insights for customers in business, finance, and government.
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