Analysts Anticipate IHS Markit Ltd (NYSE:INFO) to Announce $0.64 EPS

Equities research analysts expect that IHS Markit Ltd (NYSE:INFO) will post earnings per share of $0.64 for the current fiscal quarter, Zacks reports. Six analysts have issued estimates for IHS Markit’s earnings, with the lowest EPS estimate coming in at $0.62 and the highest estimate coming in at $0.66. IHS Markit reported earnings of $0.60 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 6.7%. The firm is scheduled to announce its next quarterly earnings results on Tuesday, March 24th.

On average, analysts expect that IHS Markit will report full year earnings of $2.86 per share for the current financial year, with EPS estimates ranging from $2.83 to $2.88. For the next year, analysts anticipate that the firm will report earnings of $3.20 per share, with EPS estimates ranging from $3.16 to $3.23. Zacks’ EPS calculations are a mean average based on a survey of sell-side research firms that follow IHS Markit.

IHS Markit (NYSE:INFO) last announced its earnings results on Tuesday, January 14th. The business services provider reported $0.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.61 by $0.04. The company had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.12 billion. IHS Markit had a return on equity of 10.95% and a net margin of 11.39%. The firm’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.57 earnings per share.

A number of analysts have issued reports on the company. Cantor Fitzgerald boosted their target price on IHS Markit from $65.00 to $74.00 and gave the company a “neutral” rating in a research report on Wednesday, January 15th. BMO Capital Markets lowered IHS Markit from an “outperform” rating to a “market perform” rating and set a $83.00 target price on the stock. in a research report on Monday, January 27th. SunTrust Banks boosted their target price on IHS Markit to $90.00 and gave the company a “buy” rating in a research report on Wednesday, January 15th. Argus raised IHS Markit from a “hold” rating to a “buy” rating and set a $90.00 target price on the stock in a research report on Thursday, January 16th. Finally, Jefferies Financial Group assumed coverage on IHS Markit in a research report on Wednesday, November 27th. They issued a “hold” rating and a $76.00 target price on the stock. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $76.60.

NYSE INFO traded up $0.49 on Friday, reaching $80.76. The stock had a trading volume of 1,169,500 shares, compared to its average volume of 2,182,432. The firm has a market capitalization of $31.54 billion, a price-to-earnings ratio of 65.13, a P/E/G ratio of 2.81 and a beta of 0.79. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 0.58. IHS Markit has a 12-month low of $52.06 and a 12-month high of $81.63. The stock has a fifty day moving average price of $78.59 and a two-hundred day moving average price of $71.13.

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Thursday, February 6th will be paid a $0.17 dividend. The ex-dividend date of this dividend is Wednesday, February 5th. This represents a $0.68 annualized dividend and a dividend yield of 0.84%. IHS Markit’s dividend payout ratio (DPR) is 32.54%.

In other IHS Markit news, CEO Lance Darrell Gordon Uggla sold 153,808 shares of the business’s 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 transaction, the chief executive officer now owns 424,158 shares in the company, valued at $30,272,156.46. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Adam Jason Kansler sold 26,600 shares of the business’s stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $81.01, for a total transaction of $2,154,866.00. Following the completion of the transaction, the executive vice president now owns 134,214 shares of the company’s stock, valued at approximately $10,872,676.14. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,667,782 shares of company stock valued at $129,669,379. Insiders own 1.11% of the company’s stock.

Hedge funds have recently modified their holdings of the stock. Strategic Blueprint LLC acquired a new position in shares of IHS Markit during the third quarter worth $32,000. TCI Wealth Advisors Inc. grew its stake in shares of IHS Markit by 97.3% during the fourth quarter. TCI Wealth Advisors Inc. now owns 724 shares of the business services provider’s stock worth $55,000 after purchasing an additional 357 shares in the last quarter. Orion Portfolio Solutions LLC acquired a new position in shares of IHS Markit during the fourth quarter worth $57,000. Quest Capital Management Inc. ADV acquired a new position in shares of IHS Markit during the third quarter worth $79,000. Finally, Cerebellum GP LLC acquired a new position in shares of IHS Markit during the third quarter worth $80,000. Hedge funds and other institutional investors own 98.76% 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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