$0.61 EPS Expected for IHS Markit Ltd (NYSE:INFO) This Quarter

Brokerages forecast that IHS Markit Ltd (NYSE:INFO) will announce earnings per share (EPS) of $0.61 for the current quarter, Zacks Investment Research reports. Six analysts have issued estimates for IHS Markit’s earnings, with the lowest EPS estimate coming in at $0.58 and the highest estimate coming in at $0.62. IHS Markit posted earnings of $0.57 per share in the same quarter last year, which suggests a positive year-over-year growth rate of 7%. The business is scheduled to announce its next quarterly earnings report on Tuesday, January 21st.

According to Zacks, analysts expect that IHS Markit will report full year earnings of $2.58 per share for the current year, with EPS estimates ranging from $2.56 to $2.60. For the next fiscal year, analysts anticipate that the firm will report earnings of $2.87 per share, with EPS estimates ranging from $2.83 to $2.97. Zacks’ earnings per share averages are an average based on a survey of research firms that follow IHS Markit.

IHS Markit (NYSE:INFO) last announced its quarterly earnings results on Tuesday, September 24th. The business services provider reported $0.67 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.53 by $0.14. The business had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.12 billion. IHS Markit had a return on equity of 10.35% and a net margin of 8.74%. The business’s revenue was up 11.1% compared to the same quarter last year. During the same period last year, the business posted $0.58 EPS.

INFO has been the topic of a number of analyst reports. William Blair reaffirmed an “outperform” rating on shares of IHS Markit in a research report on Wednesday, September 25th. Credit Suisse Group raised their price target on shares of IHS Markit from $68.00 to $76.00 and gave the stock an “outperform” rating in a report on Friday, September 20th. Jefferies Financial Group initiated coverage on IHS Markit in a report on Wednesday, November 27th. They issued a “hold” rating and a $76.00 price objective for the company. Canaccord Genuity initiated coverage on shares of IHS Markit in a report on Thursday, September 12th. They issued a “buy” rating and a $78.00 price objective for the company. Finally, UBS Group lifted their target price on shares of IHS Markit from $63.00 to $69.00 and gave the company a “neutral” rating in a research report on Wednesday, September 25th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and ten have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $72.15.

In other IHS Markit news, CEO Lance Darrell Gordon Uggla sold 153,808 shares of the business’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $71.37, for a total transaction of $10,977,276.96. Following the transaction, the chief executive officer now owns 424,158 shares of the company’s stock, valued at $30,272,156.46. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.11% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Redhawk Wealth Advisors Inc. acquired a new position in shares of IHS Markit during the second quarter worth about $25,000. Strategic Blueprint LLC acquired a new stake in IHS Markit during the 3rd quarter worth $32,000. Cornerstone Advisors Inc. lifted its position in IHS Markit by 87.6% in the second quarter. Cornerstone Advisors Inc. now owns 574 shares of the business services provider’s stock valued at $37,000 after acquiring an additional 268 shares during the last quarter. Meeder Asset Management Inc. purchased a new stake in IHS Markit in the second quarter valued at $44,000. Finally, Mitsubishi UFJ Securities Holdings Co. Ltd. purchased a new stake in IHS Markit in the second quarter valued at $75,000. Institutional investors and hedge funds own 96.47% of the company’s stock.

Shares of NYSE INFO opened at $72.31 on Friday. IHS Markit has a 1-year low of $44.52 and a 1-year high of $73.11. The business has a fifty day moving average price of $70.58 and a 200 day moving average price of $65.38. The stock has a market capitalization of $29.13 billion, a P/E ratio of 36.52, a price-to-earnings-growth ratio of 2.84 and a beta of 0.79. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.71 and a quick ratio of 0.71.

IHS Markit Company Profile

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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Earnings History and Estimates for IHS Markit (NYSE:INFO)

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