$0.51 Earnings Per Share Expected for IHS Markit Ltd. (INFO) This Quarter
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.
COPYRIGHT VIOLATION NOTICE: This news story was posted by American Banking News and is owned by of American Banking News. If you are reading this news story on another domain, it was illegally copied and reposted in violation of US & international trademark and copyright law. The legal version of this news story can be accessed at https://www.americanbankingnews.com/2017/10/12/0-51-earnings-per-share-expected-for-ihs-markit-ltd-info-this-quarter.html.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for IHS Markit Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for IHS Markit Ltd. and related companies with MarketBeat.com's FREE daily email newsletter.