IHS Markit (NYSE:INFO) Posts Earnings Results, Beats Expectations By $0.04 EPS

IHS Markit (NYSE:INFO) released its quarterly earnings results on Tuesday. The business services provider reported $0.65 earnings per share for the quarter, beating analysts’ consensus estimates of $0.61 by $0.04, Briefing.com reports. The company had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.12 billion. IHS Markit had a net margin of 8.74% and a return on equity of 10.35%. The firm’s quarterly revenue was up 4.9% on a year-over-year basis. During the same period in the previous year, the business earned $0.57 earnings per share. IHS Markit updated its FY 2020
Pre-Market guidance to 2.82-2.88 EPS and its FY20 guidance to $2.82-2.88 EPS.

IHS Markit stock opened at $79.06 on Wednesday. The stock has a 50-day moving average price of $74.98 and a two-hundred day moving average price of $68.87. IHS Markit has a 12 month low of $49.79 and a 12 month high of $79.96. The company has a market capitalization of $31.38 billion, a PE ratio of 39.93, a P/E/G ratio of 2.73 and a beta of 0.79. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 0.61.

In other news, CEO Lance Darrell Gordon Uggla sold 153,808 shares of IHS Markit stock in a transaction dated 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 sale, the chief executive officer now directly owns 424,158 shares of the company’s stock, valued at $30,272,156.46. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.11% of the company’s stock.

A number of research firms have issued reports on INFO. Cantor Fitzgerald lifted their target price on IHS Markit from $59.00 to $65.00 in a research report on Wednesday, November 13th. UBS Group increased their target price on shares of IHS Markit from $63.00 to $69.00 and gave the stock a “neutral” rating in a report on Wednesday, September 25th. Bank of America set a $77.00 price target on shares of IHS Markit and gave the company a “buy” rating in a research note on Tuesday, September 24th. Credit Suisse Group lifted their price target on shares of IHS Markit from $68.00 to $76.00 and gave the company an “outperform” rating in a report on Friday, September 20th. Finally, BMO Capital Markets reaffirmed a “buy” rating and set a $76.00 price target on shares of IHS Markit in a report on Wednesday, November 13th. One research analyst has rated the stock with a sell rating, five have given a hold rating and eleven have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $73.71.

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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Earnings History for IHS Markit (NYSE:INFO)

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