Equities research analysts expect IHS Markit Ltd. (NASDAQ:INFO) to announce earnings per share (EPS) of $0.51 for the current quarter, Zacks reports. Seven analysts have made estimates for IHS Markit’s earnings, with the lowest EPS estimate coming in at $0.50 and the highest estimate coming in at $0.55. IHS Markit posted earnings per share of $0.48 during the same quarter last year, which suggests a positive year over year growth rate of 6.3%. The business is scheduled to announce its next earnings results on Tuesday, January 16th.

On average, analysts expect that IHS Markit will report full-year earnings of $2.05 per share for the current fiscal year, with EPS estimates ranging from $2.04 to $2.10. For the next year, analysts anticipate that the business will post earnings of $2.27 per share, with EPS estimates ranging from $2.15 to $2.50. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research analysts that follow IHS Markit.

IHS Markit (NASDAQ:INFO) last posted its quarterly earnings results on Tuesday, September 26th. The business services provider reported $0.57 earnings per share for the quarter, beating the consensus estimate of $0.53 by $0.04. IHS Markit had a net margin of 11.35% and a return on equity of 8.79%. The firm had revenue of $904.70 million during the quarter, compared to the consensus estimate of $890.99 million. During the same period in the previous year, the firm posted $0.45 earnings per share. The business’s revenue was up 24.9% compared to the same quarter last year.

INFO has been the subject of several research reports. Deutsche Bank AG reiterated a “buy” rating and issued a $52.00 price target (up from $50.00) on shares of IHS Markit in a research note on Friday, June 16th. Morgan Stanley reiterated an “underweight” rating and issued a $41.00 price target (up from $40.00) on shares of IHS Markit in a research note on Tuesday, July 18th. BMO Capital Markets increased their price target on shares of IHS Markit from $49.00 to $52.00 and gave the stock an “outperform” rating in a research note on Friday, June 30th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $50.00 price target (up from $48.00) on shares of IHS Markit in a research note on Wednesday, June 28th. Finally, Zacks Investment Research upgraded shares of IHS Markit from a “sell” rating to a “hold” rating in a research note on Tuesday, August 29th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the company. IHS Markit has an average rating of “Hold” and a consensus price target of $47.00.

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In other IHS Markit news, President Lance Darrell Gordon Uggla sold 845,640 shares of the firm’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $47.00, for a total transaction of $39,745,080.00. Following the completion of the sale, the president now directly owns 1,177,904 shares in the company, valued at approximately $55,361,488. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Jonathan Gear sold 30,004 shares of the firm’s stock in a transaction dated Friday, July 14th. The shares were sold at an average price of $44.43, for a total transaction of $1,333,077.72. Following the sale, the executive vice president now owns 328,874 shares of the company’s stock, valued at $14,611,871.82. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 895,644 shares of company stock valued at $41,962,158.

Large investors have recently added to or reduced their stakes in the business. Dupont Capital Management Corp bought a new stake in IHS Markit during the 2nd quarter valued at about $120,000. ETF Managers Group LLC bought a new stake in IHS Markit during the 2nd quarter valued at about $135,000. Flinton Capital Management LLC bought a new stake in IHS Markit during the 2nd quarter valued at about $180,000. Mutual of America Capital Management LLC increased its stake in IHS Markit by 20.0% during the 1st quarter. Mutual of America Capital Management LLC now owns 4,175 shares of the business services provider’s stock valued at $175,000 after purchasing an additional 695 shares in the last quarter. Finally, Global X Management Co. LLC increased its stake in IHS Markit by 60.3% during the 1st quarter. Global X Management Co. LLC now owns 4,265 shares of the business services provider’s stock valued at $179,000 after purchasing an additional 1,605 shares in the last quarter. Institutional investors and hedge funds own 96.06% of the company’s stock.

IHS Markit (INFO) traded up 0.07% during midday trading on Thursday, reaching $44.00. 1,526,025 shares of the company’s stock traded hands. The stock has a market cap of $17.49 billion, a P/E ratio of 46.22 and a beta of 0.84. IHS Markit has a 52-week low of $34.13 and a 52-week high of $48.53. The company’s 50-day moving average price is $46.13 and its 200-day moving average price is $45.11.

About IHS Markit

IHS Markit Ltd., formerly Markit Ltd., is a provider of critical information and analytics for the major industries, financial markets and governments. The Company operates through four segments: Resources, Transportation, Consolidated Markets & Solutions (CMS) and Financial Services. The Resources segment includes its energy and chemicals product offerings.

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