IHS (NYSE:IHS) Posts Earnings Results, Misses Estimates By $0.15 EPS

IHS (NYSE:IHSGet Free Report) issued its quarterly earnings data on Tuesday. The business services provider reported ($0.03) EPS for the quarter, missing the consensus estimate of $0.12 by ($0.15), FiscalAI reports. The business had revenue of $428.60 million for the quarter, compared to analysts’ expectations of $442.72 million. IHS had a net margin of 10.74% and a negative return on equity of 1,351.44%.

IHS Stock Up 0.2%

Shares of NYSE:IHS traded up $0.01 during midday trading on Tuesday, reaching $8.31. The company’s stock had a trading volume of 36,752 shares, compared to its average volume of 1,531,776. The firm has a market capitalization of $2.79 billion, a PE ratio of 15.69 and a beta of 0.73. IHS has a twelve month low of $5.71 and a twelve month high of $8.95. The stock has a fifty day moving average of $8.23 and a 200 day moving average of $8.20.

Analyst Ratings Changes

Separately, Weiss Ratings raised IHS from a “sell (d+)” rating to a “hold (c)” rating in a research report on Wednesday, May 13th. Two analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, IHS presently has an average rating of “Hold” and a consensus price target of $8.38.

Check Out Our Latest Research Report on IHS

Institutional Investors Weigh In On IHS

Several hedge funds have recently added to or reduced their stakes in IHS. BNP Paribas Financial Markets lifted its holdings in shares of IHS by 177.4% in the 2nd quarter. BNP Paribas Financial Markets now owns 2,394,160 shares of the business services provider’s stock valued at $13,312,000 after buying an additional 1,531,225 shares during the period. Arrowstreet Capital Limited Partnership grew its stake in shares of IHS by 457.1% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 1,113,427 shares of the business services provider’s stock worth $6,191,000 after purchasing an additional 913,549 shares during the period. Marshall Wace LLP increased its holdings in shares of IHS by 94.6% during the 2nd quarter. Marshall Wace LLP now owns 1,260,483 shares of the business services provider’s stock valued at $7,008,000 after purchasing an additional 612,852 shares in the last quarter. BTG Pactual Asset Management US LLC acquired a new position in shares of IHS in the 3rd quarter valued at $3,168,000. Finally, Quaker Capital Investments LLC boosted its holdings in IHS by 7.2% during the fourth quarter. Quaker Capital Investments LLC now owns 4,683,904 shares of the business services provider’s stock worth $34,942,000 after buying an additional 314,501 shares in the last quarter. 17.54% of the stock is owned by hedge funds and other institutional investors.

IHS Company Profile

(Get Free Report)

IHS Inc develops source of information, insight and analytics in different areas of business. The Company’s segments include Resources, Transportation and Consolidated Markets & Solutions. The Company’s Resources segment includes its Energy and Chemicals product offerings. Its Transportation segment includes its Automotive; Maritime & Trade, and Aerospace, Defense & Security product offerings. Its Consolidated Markets & Solutions segment includes its Product Design; Technology, Media & Telecom, and Economics & Country Risk product offerings.

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Earnings History for IHS (NYSE:IHS)

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