IHS Markit (NYSE:INFO) Releases Quarterly Earnings Results

IHS Markit (NYSE:INFO) announced its earnings results on Tuesday. The business services provider reported $0.66 earnings per share for the quarter, beating the consensus estimate of $0.64 by $0.02, MarketWatch Earnings reports. IHS Markit had a return on equity of 10.95% and a net margin of 11.39%. The company had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.08 billion. During the same period last year, the business posted $0.60 EPS. The company’s revenue was up 3.3% on a year-over-year basis.

IHS Markit stock opened at $58.30 on Wednesday. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.66 and a quick ratio of 0.66. IHS Markit has a 1-year low of $44.81 and a 1-year high of $81.65. The company has a market cap of $19.29 billion, a PE ratio of 47.02, a price-to-earnings-growth ratio of 1.61 and a beta of 0.87. The stock’s 50 day moving average price is $70.13 and its 200 day moving average price is $71.67.

Several research analysts have weighed in on INFO shares. Deutsche Bank lowered their target price on IHS Markit from $80.00 to $71.00 and set a “buy” rating on the stock in a research note on Thursday, March 19th. Wells Fargo & Co lowered their target price on IHS Markit from $91.00 to $70.00 and set an “overweight” rating on the stock in a research note on Friday, March 20th. Royal Bank of Canada lowered their target price on IHS Markit from $85.00 to $72.00 and set an “outperform” rating on the stock in a research note on Wednesday. SunTrust Banks lifted their target price on IHS Markit to $90.00 and gave the company a “buy” rating in a research note on Wednesday, January 15th. Finally, Jefferies Financial Group initiated coverage on IHS Markit in a research note on Wednesday, November 27th. They issued a “hold” rating and a $76.00 target price on the stock. One analyst has rated the stock with a sell rating, five have given a hold rating and thirteen have given a buy rating to the company. IHS Markit presently has an average rating of “Buy” and a consensus target price of $75.50.

In other IHS Markit news, CEO Lance Darrell Gordon Uggla sold 1,302,933 shares of the business’s stock in a transaction on Thursday, January 16th. The stock was sold at an average price of $78.12, for a total transaction of $101,785,125.96. Following the sale, the chief executive officer now directly owns 2,408,076 shares in the company, valued at $188,118,897.12. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Ruann Faye Ernst sold 2,500 shares of the business’s stock in a transaction on Thursday, January 16th. The stock was sold at an average price of $77.96, for a total value of $194,900.00. Following the sale, the director now owns 72,881 shares in the company, valued at $5,681,802.76. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,801,216 shares of company stock worth $141,958,771. Company insiders own 0.75% 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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Earnings History for IHS Markit (NYSE:INFO)

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