IHS Markit (NYSE:INFO) Releases Earnings Results, Beats Estimates By $0.05 EPS


Share on StockTwits

IHS Markit (NYSE:INFO) posted its quarterly earnings data on Wednesday. The business services provider reported $0.72 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.05, RTT News reports. IHS Markit had a net margin of 21.45% and a return on equity of 11.07%. The firm had revenue of $1.11 billion for the quarter, compared to analysts’ expectations of $1.11 billion. During the same period in the previous year, the company posted $0.65 EPS. The company’s quarterly revenue was down 1.2% compared to the same quarter last year.

Shares of INFO stock opened at $86.78 on Wednesday. The stock’s 50 day simple moving average is $89.97 and its two-hundred day simple moving average is $83.30. The company has a market cap of $34.57 billion, a PE ratio of 37.90 and a beta of 1.08. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.67 and a quick ratio of 0.67. IHS Markit has a 1 year low of $44.81 and a 1 year high of $101.45.

In other news, EVP Edouard Tavernier sold 889 shares of the company’s stock in a transaction that occurred on Tuesday, November 3rd. The stock was sold at an average price of $84.42, for a total transaction of $75,049.38. Following the transaction, the executive vice president now owns 27,759 shares of the company’s stock, valued at $2,343,414.78. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 0.75% of the company’s stock.

Several analysts have commented on INFO shares. William Blair reissued an “outperform” rating on shares of IHS Markit in a research report on Wednesday, September 30th. JPMorgan Chase & Co. upped their price target on IHS Markit from $75.00 to $79.00 and gave the stock a “neutral” rating in a report on Wednesday, September 30th. BidaskClub downgraded shares of IHS Markit from a “buy” rating to a “hold” rating in a research note on Friday, December 18th. Bank of America raised their target price on IHS Markit from $84.00 to $94.00 and gave the stock a “buy” rating in a research report on Wednesday, September 30th. Finally, Argus lowered IHS Markit from a “buy” rating to a “hold” rating in a research report on Tuesday, December 1st. Eight research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $83.44.

IHS Markit Company Profile

IHS Markit Ltd. provides critical information, analytics, and solutions for various industries and markets worldwide. The company's information, analytics, and solutions enhance operational efficiency and offer deep insights for customers in business, finance, and government. Its Financial Services segment offers pricing and reference data, indices, valuation and trading services, trade processing, enterprise software, and managed services to traders, portfolio managers, risk managers, research professionals, and other financial market participants, as well as operations, compliance, and enterprise data managers.

Recommended Story: What is Cost of Debt?

Earnings History for IHS Markit (NYSE:INFO)

Receive News & Ratings for IHS Markit Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for IHS Markit and related companies with MarketBeat.com's FREE daily email newsletter.