IHS Markit (NYSE:INFO) Releases FY 2021 Pre-Market Earnings Guidance

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IHS Markit (NYSE:INFO) issued an update on its FY 2021
Pre-Market earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of 3.11-3.16 for the period, compared to the Thomson Reuters consensus estimate of $3.18. The company issued revenue guidance of $4.535-4.635 billion, compared to the consensus revenue estimate of $4.58 billion.

Shares of INFO stock opened at $86.78 on Wednesday. The stock has a 50 day moving average of $89.97 and a two-hundred day moving average of $83.30. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.55. IHS Markit has a 12 month low of $44.81 and a 12 month high of $101.45. The company has a market capitalization of $34.57 billion, a P/E ratio of 37.90 and a beta of 1.08.

IHS Markit (NYSE:INFO) last announced its quarterly earnings data on Wednesday, January 13th. The business services provider reported $0.72 EPS for the quarter, topping the Zacks’ consensus estimate of $0.67 by $0.05. IHS Markit had a return on equity of 11.07% and a net margin of 21.45%. The company had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.11 billion. During the same quarter last year, the company earned $0.65 EPS. The company’s quarterly revenue was down 1.2% on a year-over-year basis. Sell-side analysts predict that IHS Markit will post 2.23 earnings per share for the current fiscal year.

A number of research analysts recently commented on the stock. Argus lowered shares of IHS Markit from a buy rating to a hold rating in a research note on Tuesday, December 1st. Truist downgraded IHS Markit from a buy rating to a hold rating and set a $100.00 price target for the company. in a research note on Tuesday, December 1st. Royal Bank of Canada downgraded IHS Markit from an outperform rating to a sector perform rating and boosted their price target for the company from $90.00 to $100.00 in a research note on Tuesday, December 1st. Morgan Stanley boosted their price target on IHS Markit from $78.00 to $79.00 and gave the company an equal weight rating in a research note on Tuesday, October 20th. Finally, William Blair restated an outperform rating on shares of IHS Markit in a research note on Wednesday, September 30th. Eight equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. IHS Markit has a consensus rating of Buy and a consensus target price of $83.44.

In related news, EVP Edouard Tavernier sold 889 shares of the company’s stock in a transaction 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 completion of the sale, the executive vice president now owns 27,759 shares in the company, valued at $2,343,414.78. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.75% of the stock is owned by company insiders.

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.

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