IHS (IHS) Posts Quarterly Earnings, Beats Expectations By $0.03 EPS
IHS (NYSE:IHS) posted its quarterly earnings results on Thursday. The company reported $1.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.44 by $0.03, American Banking & Market News reports. The company had revenue of $568.01 million for the quarter, compared to the consensus estimate of $551.27 million. During the same quarter in the previous year, the company posted $1.26 earnings per share.
On the ratings front, 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. Five analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $130.42.
Shares of IHS (NYSE:IHS) opened at 130.19 on Thursday. IHS has a 52 week low of $95.03 and a 52 week high of $130.85. The stock has a 50-day moving average of $124.6 and a 200-day moving average of $119.7. The company has a market cap of $8.860 billion and a P/E ratio of 63.05.
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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