Equities research analysts expect that IHS Markit Ltd (NYSE:INFO) will report $1.12 billion in sales for the current quarter, according to Zacks. Six analysts have provided estimates for IHS Markit’s earnings. The lowest sales estimate is $1.12 billion and the highest is $1.14 billion. IHS Markit reported sales of $1.07 billion in the same quarter last year, which would suggest a positive year over year growth rate of 4.7%. The business is scheduled to issue its next earnings results on Tuesday, January 21st.
On average, analysts expect that IHS Markit will report full-year sales of $4.42 billion for the current fiscal year, with estimates ranging from $4.41 billion to $4.46 billion. For the next financial year, analysts anticipate that the firm will report sales of $4.57 billion, with estimates ranging from $4.54 billion to $4.60 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that cover IHS Markit.
IHS Markit (NYSE:INFO) last announced its earnings results on Tuesday, September 24th. The business services provider reported $0.67 EPS for the quarter, beating analysts’ consensus estimates of $0.53 by $0.14. The company had revenue of $1.11 billion during 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 firm’s revenue for the quarter was up 11.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.58 earnings per share.
INFO has been the subject of several research analyst reports. BMO Capital Markets reiterated a “buy” rating and set a $76.00 target price on shares of IHS Markit in a research report on Wednesday, November 13th. Morgan Stanley lifted their target price on IHS Markit from $58.00 to $59.00 and gave the company an “underweight” rating in a research report on Thursday, October 10th. SunTrust Banks boosted their target price on IHS Markit to $80.00 and gave the stock an “average” rating in a research note on Wednesday, November 13th. Cantor Fitzgerald boosted their price target on IHS Markit from $59.00 to $65.00 in a research note on Wednesday, November 13th. Finally, ValuEngine cut IHS Markit from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. One analyst has rated the stock with a sell rating, five have issued a hold rating and ten have given a buy rating to the company. IHS Markit has a consensus rating of “Buy” and a consensus price target of $72.15.
In other news, CEO Lance Darrell Gordon Uggla sold 153,808 shares of the company’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $71.37, for a total value of $10,977,276.96. Following the completion of the sale, the chief executive officer now directly owns 424,158 shares in the company, valued at $30,272,156.46. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.11% of the stock is owned by corporate insiders.
Hedge funds have recently bought and sold shares of the company. Nuveen Asset Management LLC grew its position in IHS Markit by 2,581.8% in the second quarter. Nuveen Asset Management LLC now owns 4,641,197 shares of the business services provider’s stock worth $295,737,000 after acquiring an additional 4,468,132 shares during the period. JPMorgan Chase & Co. raised its stake in shares of IHS Markit by 381.1% in the second quarter. JPMorgan Chase & Co. now owns 3,717,941 shares of the business services provider’s stock valued at $234,601,000 after acquiring an additional 2,945,175 shares in the last quarter. Invesco Ltd. raised its stake in IHS Markit by 42.5% in the second quarter. Invesco Ltd. now owns 6,093,263 shares of the business services provider’s stock valued at $388,262,000 after buying an additional 1,817,444 shares in the last quarter. Massachusetts Financial Services Co. MA raised its stake in IHS Markit by 32.8% in the third quarter. Massachusetts Financial Services Co. MA now owns 4,694,564 shares of the business services provider’s stock valued at $313,972,000 after buying an additional 1,158,867 shares in the last quarter. Finally, State Street Corp increased its position in shares of IHS Markit by 5.9% during the third quarter. State Street Corp now owns 15,376,831 shares of the business services provider’s stock worth $1,028,402,000 after purchasing an additional 853,329 shares in the last quarter. Institutional investors and hedge funds own 96.47% of the company’s stock.
INFO stock opened at $72.11 on Tuesday. The business’s 50-day moving average is $70.51 and its two-hundred day moving average is $65.30. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.71 and a current ratio of 0.71. IHS Markit has a fifty-two week low of $44.52 and a fifty-two week high of $73.11. The company has a market cap of $29.13 billion, a price-to-earnings ratio of 36.42, a P/E/G ratio of 2.84 and a beta of 0.79.
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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