IHS Inc. (IHS) Updates FY14 Earnings Guidance
IHS Inc. (NYSE:IHS) updated its FY14 earnings guidance on Thursday. The company provided EPS guidance of $5.50-5.85 for the period, compared to the Thomson Reuters consensus EPS estimate of $5.77, American Banking & Market News reports. The company issued revenue guidance of $2.17-2.23 billion, compared to the consensus revenue estimate of $2.23 billion.
On a related note, 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 research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The stock presently has a consensus rating of Buy and a consensus price target of $130.42.
Shares of IHS Inc. (NYSE:IHS) opened at 130.19 on Thursday. IHS Inc. has a 1-year low of $95.03 and a 1-year 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 (NYSE:IHS) last announced its earnings results on Thursday, June 19th. The company reported $1.47 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.44 by $0.03. 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 prior year, the company posted $1.26 earnings per share. The company’s quarterly revenue was up 35.9% on a year-over-year basis. Analysts expect that IHS Inc. will post $5.77 EPS for the current fiscal year.
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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