IHS Markit (NYSE:INFO) released its quarterly earnings data on Tuesday. The business services provider reported $0.72 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.67 by $0.05, MarketWatch Earnings reports. IHS Markit had a net margin of 21.45% and a return on equity of 11.07%. The business had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.11 billion. During the same period in the prior year, the firm earned $0.65 earnings per share. The company’s revenue was down 1.2% compared to the same quarter last year.
NYSE INFO traded down $1.55 on Thursday, reaching $83.90. 3,080,618 shares of the company’s stock traded hands, compared to its average volume of 3,505,157. IHS Markit has a 12 month low of $44.81 and a 12 month high of $101.45. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.67 and a quick ratio of 0.67. The stock has a 50-day simple moving average of $89.83 and a 200 day simple moving average of $83.37. The stock has a market cap of $33.42 billion, a PE ratio of 36.63 and a beta of 1.05.
In other news, EVP Edouard Tavernier sold 889 shares of IHS Markit stock in a transaction dated Tuesday, November 3rd. The stock was sold at an average price of $84.42, for a total value of $75,049.38. Following the completion of the transaction, the executive vice president now owns 27,759 shares of the company’s stock, valued at approximately $2,343,414.78. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.75% of the stock is owned by company insiders.
INFO has been the topic of a number of recent analyst reports. William Blair reissued an “outperform” rating on shares of IHS Markit in a report on Wednesday, September 30th. Truist downgraded shares of IHS Markit from a “buy” rating to a “hold” rating and set a $100.00 price target on the stock. in a report on Tuesday, December 1st. Morgan Stanley increased their price target on shares of IHS Markit from $78.00 to $79.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 20th. Royal Bank of Canada downgraded shares of IHS Markit from an “outperform” rating to a “sector perform” rating and increased their price target for the stock from $90.00 to $100.00 in a report on Tuesday, December 1st. Finally, Argus downgraded shares of IHS Markit from a “buy” rating to a “hold” rating in a report on Tuesday, December 1st. Seven research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. IHS Markit currently has an average rating of “Buy” and a consensus target price of $83.44.
About IHS Markit
IHS Markit Ltd. provides critical information, analytics, and solutions for various industries and markets worldwide. The company's information, analytics, and solutions enhance operational efficiency and offer deep insights for customers in business, finance, and government. Its Financial Services segment offers pricing and reference data, indices, valuation and trading services, trade processing, enterprise software, and managed services to traders, portfolio managers, risk managers, research professionals, and other financial market participants, as well as operations, compliance, and enterprise data managers.
See Also: Net Income
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