Brokerages forecast that IHS Markit Ltd (NASDAQ:INFO) will report earnings per share (EPS) of $0.63 for the current quarter, Zacks reports. Seven analysts have issued estimates for IHS Markit’s earnings, with the lowest EPS estimate coming in at $0.60 and the highest estimate coming in at $0.65. IHS Markit posted earnings per share of $0.58 in the same quarter last year, which indicates a positive year over year growth rate of 8.6%. The company is expected to issue its next quarterly earnings results on Tuesday, September 24th.
According to Zacks, analysts expect that IHS Markit will report full year earnings of $2.57 per share for the current financial year, with EPS estimates ranging from $2.55 to $2.57. For the next fiscal year, analysts forecast that the company will post earnings of $2.88 per share, with EPS estimates ranging from $2.83 to $2.94. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research analysts that cover IHS Markit.
IHS Markit (NASDAQ:INFO) last issued its earnings results on Wednesday, June 26th. The business services provider reported $0.71 EPS for the quarter, topping analysts’ consensus estimates of $0.65 by $0.06. IHS Markit had a net margin of 10.49% and a return on equity of 10.13%. The company had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.14 billion. During the same period in the previous year, the firm earned $0.61 earnings per share. IHS Markit’s quarterly revenue was up 12.6% compared to the same quarter last year.
INFO stock traded up $1.18 during trading on Friday, reaching $64.83. 1,773,490 shares of the stock were exchanged, compared to its average volume of 1,790,245. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 0.58. The business has a 50 day moving average price of $64.61 and a 200-day moving average price of $57.95. IHS Markit has a 1 year low of $44.52 and a 1 year high of $66.07. The firm has a market capitalization of $25.53 billion, a price-to-earnings ratio of 32.74, a P/E/G ratio of 2.83 and a beta of 0.82.
In related news, EVP Sari Beth Granat sold 50,000 shares of IHS Markit stock in a transaction that occurred on Friday, June 28th. The shares were sold at an average price of $63.04, for a total value of $3,152,000.00. Following the completion of the transaction, the executive vice president now owns 86,141 shares in the company, valued at $5,430,328.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Todd S. Hyatt sold 25,483 shares of IHS Markit stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $63.56, for a total transaction of $1,619,699.48. Following the completion of the transaction, the chief financial officer now owns 217,600 shares of the company’s stock, valued at approximately $13,830,656. The disclosure for this sale can be found here. Insiders sold a total of 300,483 shares of company stock worth $19,436,699 over the last three months. Insiders own 1.11% of the company’s stock.
Several hedge funds have recently made changes to their positions in the stock. Comerica Securities Inc. bought a new position in shares of IHS Markit during the 4th quarter worth approximately $315,000. Dimensional Fund Advisors LP boosted its stake in shares of IHS Markit by 4.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 168,650 shares of the business services provider’s stock valued at $8,090,000 after purchasing an additional 6,628 shares in the last quarter. Geode Capital Management LLC boosted its stake in IHS Markit by 8.3% in the fourth quarter. Geode Capital Management LLC now owns 4,917,673 shares of the business services provider’s stock valued at $235,497,000 after acquiring an additional 376,102 shares in the last quarter. Squarepoint Ops LLC acquired a new stake in IHS Markit in the fourth quarter valued at approximately $256,000. Finally, First Hawaiian Bank boosted its stake in IHS Markit by 22.8% in the first quarter. First Hawaiian Bank now owns 3,322 shares of the business services provider’s stock valued at $181,000 after acquiring an additional 617 shares in the last quarter. Hedge funds and other institutional investors own 96.18% of the company’s stock.
About IHS Markit
IHS Markit Ltd. provides critical information, analytics, and solutions for various industries and markets that drive economies worldwide. The company's information, analytics, and solutions enhance operational efficiency and offer deep insights for customers in business, finance, and government.
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