Equities analysts predict that IHS Markit Ltd. (NASDAQ:INFO) will report $912.58 million in sales for the current fiscal quarter, Zacks Investment Research reports. Seven analysts have made estimates for IHS Markit’s earnings, with estimates ranging from $894.97 million to $917.60 million. IHS Markit reported sales of $873.80 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 4.4%. The company is expected to issue its next earnings report on Tuesday, January 16th.

According to Zacks, analysts expect that IHS Markit will report full-year sales of $912.58 million for the current year, with estimates ranging from $3.55 billion to $3.57 billion. For the next financial year, analysts forecast that the company will report sales of $3.80 billion per share, with estimates ranging from $3.79 billion to $3.82 billion. Zacks’ sales calculations are an average based on a survey of sell-side analysts that that provide coverage for IHS Markit.

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

A number of research firms have recently commented on INFO. Cantor Fitzgerald restated a “hold” rating and set a $45.00 target price on shares of IHS Markit in a research report on Tuesday, September 26th. BMO Capital Markets restated an “outperform” rating and set a $50.00 target price (down from $52.00) on shares of IHS Markit in a research report on Wednesday, September 27th. Wells Fargo & Company dropped their target price on IHS Markit from $52.00 to $50.00 and set an “outperform” rating on the stock in a research report on Wednesday, September 27th. Bank of America dropped their target price on IHS Markit from $52.00 to $50.00 and set a “buy” rating on the stock in a research report on Wednesday, September 27th. Finally, Morgan Stanley dropped their target price on IHS Markit from $41.00 to $40.00 and set an “underweight” rating on the stock in a research report on Wednesday, September 27th. One analyst has rated the stock with a sell rating, five have given a hold rating and nine have given a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $47.64.

IHS Markit (NASDAQ INFO) traded up $0.03 during midday trading on Monday, hitting $45.59. The company’s stock had a trading volume of 1,385,300 shares, compared to its average volume of 2,610,364. The stock has a market cap of $18,185.55, a price-to-earnings ratio of 28.14, a P/E/G ratio of 2.17 and a beta of 0.83. IHS Markit has a twelve month low of $34.20 and a twelve month high of $48.53. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.53 and a quick ratio of 0.53.

In related news, CFO Todd S. Hyatt sold 20,000 shares of IHS Markit stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $44.20, for a total value of $884,000.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

A number of hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its holdings in shares of IHS Markit by 23.1% during the 2nd quarter. Vanguard Group Inc. now owns 32,906,495 shares of the business services provider’s stock worth $1,449,201,000 after purchasing an additional 6,171,840 shares during the last quarter. BlackRock Inc. boosted its holdings in shares of IHS Markit by 104.2% during the 2nd quarter. BlackRock Inc. now owns 20,763,308 shares of the business services provider’s stock worth $914,415,000 after purchasing an additional 10,593,627 shares during the last quarter. FMR LLC boosted its holdings in shares of IHS Markit by 20.6% during the 2nd quarter. FMR LLC now owns 17,512,617 shares of the business services provider’s stock worth $771,256,000 after purchasing an additional 2,991,526 shares during the last quarter. Edgewood Management LLC boosted its holdings in shares of IHS Markit by 0.9% during the 3rd quarter. Edgewood Management LLC now owns 17,088,421 shares of the business services provider’s stock worth $753,258,000 after purchasing an additional 158,338 shares during the last quarter. Finally, State Street Corp boosted its holdings in shares of IHS Markit by 269.2% during the 2nd quarter. State Street Corp now owns 14,324,138 shares of the business services provider’s stock worth $630,974,000 after purchasing an additional 10,443,873 shares during the last quarter. Institutional investors own 99.21% of the company’s stock.

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IHS Markit Company Profile

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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