IHS Inc. (IHS) Releases FY14 Earnings Guidance
IHS Inc. (NYSE:IHS) issued an update on its FY14 earnings guidance on Monday morning. The company provided earnings per share (EPS) guidance of $5.50-5.85 for the period, compared to the Thomson Reuters consensus estimate of $5.77, AmericanBankingNews.com reports. The company issued revenue guidance of $2.17-2.32 billion, compared to the consensus revenue estimate of $2.23 billion.
IHS Inc. (NYSE:IHS) traded up 0.96% on Monday, hitting $121.97. 179,410 shares of the company’s stock traded hands. IHS Inc. has a 52 week low of $95.03 and a 52 week high of $125.21. The stock’s 50-day moving average is $120.6 and its 200-day moving average is $116.. The company has a market cap of $8.300 billion and a P/E ratio of 59.05.
IHS (NYSE:IHS) last issued its quarterly earnings data on Thursday, March 20th. The company reported $1.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.24 by $0.04. The company had revenue of $524.46 million for the quarter, compared to the consensus estimate of $514.05 million. During the same quarter in the previous year, the company posted $1.08 earnings per share. The company’s revenue for the quarter was up 37.2% on a year-over-year basis. On average, analysts predict that IHS Inc. will post $5.77 earnings per share for the current fiscal year.
IHS has been the subject of a number of recent research reports. Analysts at Morgan Stanley reiterated an equal weight rating on shares of IHS in a research note on Friday, March 21st. They now have a $118.00 price target on the stock, up previously from $114.00. Finally, analysts at Wells Fargo & Co. initiated coverage on shares of IHS in a research note on Wednesday, February 12th. They set an outperform rating on the stock. Six research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and a consensus price target of $128.58.
In other IHS news, SVP Jaspal Chahal sold 2,371 shares of the company’s stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $121.68, for a total value of $288,503.28. Following the transaction, the senior vice president now directly owns 3,727 shares in the company, valued at approximately $453,501. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
IHS Inc (NYSE:IHS) is a source of information and insight in areas, such as energy and power; design and supply chain; defense, risk, and security; environment, health and safety (EHS) and sustainability; country and industry forecasting, and commodities, pricing, and cost.
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