$1.08 Billion in Sales Expected for IHS Markit Ltd (NYSE:INFO) This Quarter

Analysts predict that IHS Markit Ltd (NYSE:INFO) will post sales of $1.08 billion for the current fiscal quarter, Zacks reports. Six analysts have provided estimates for IHS Markit’s earnings. The highest sales estimate is $1.09 billion and the lowest is $1.07 billion. IHS Markit reported sales of $1.05 billion in the same quarter last year, which would suggest a positive year over year growth rate of 2.9%. The firm is expected to issue its next earnings report on Tuesday, March 24th.

On average, analysts expect that IHS Markit will report full-year sales of $4.57 billion for the current financial year, with estimates ranging from $4.54 billion to $4.59 billion. For the next year, analysts expect that the firm will report sales of $4.83 billion, with estimates ranging from $4.79 billion to $4.85 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that cover IHS Markit.

IHS Markit (NYSE:INFO) last announced its earnings results on Tuesday, January 14th. The business services provider reported $0.65 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.04. IHS Markit had a return on equity of 10.95% and a net margin of 11.39%. The firm had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.12 billion. During the same quarter in the prior year, the company earned $0.57 EPS. The firm’s revenue for the quarter was up 4.9% compared to the same quarter last year.

Several analysts recently weighed in on the company. Barclays restated a “buy” rating and set a $85.00 target price on shares of IHS Markit in a research note on Wednesday, December 18th. Royal Bank of Canada increased their target price on IHS Markit from $84.00 to $85.00 and gave the company an “outperform” rating in a research note on Wednesday, January 15th. Jefferies Financial Group assumed coverage on IHS Markit in a research note on Wednesday, November 27th. They set a “hold” rating and a $76.00 target price for the company. SunTrust Banks increased 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, Cantor Fitzgerald increased their target price on IHS Markit from $65.00 to $74.00 and gave the company a “neutral” rating in a research note on Wednesday, January 15th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have given a buy rating to the company. IHS Markit presently has an average rating of “Buy” and a consensus target price of $76.60.

NYSE:INFO traded up $0.49 during mid-day trading on Friday, hitting $80.76. 1,169,500 shares of the company’s stock traded hands, compared to its average volume of 2,182,432. The firm has a 50 day moving average of $78.59 and a two-hundred day moving average of $71.13. IHS Markit has a 12 month low of $52.06 and a 12 month high of $81.63. The firm has a market capitalization of $31.54 billion, a price-to-earnings ratio of 65.13, a price-to-earnings-growth ratio of 2.81 and a beta of 0.79. 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 company also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Shareholders of record on Thursday, February 6th will be given a $0.17 dividend. The ex-dividend date is Wednesday, February 5th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 0.84%. IHS Markit’s dividend payout ratio is currently 32.54%.

In other IHS Markit news, Director Ruann Faye Ernst sold 2,500 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the director now owns 72,881 shares in the company, valued at approximately $5,681,802.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Jonathan Gear sold 14,447 shares of the firm’s stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $80.59, for a total value of $1,164,283.73. Following the completion of the sale, the chief financial officer now owns 165,839 shares of the company’s stock, valued at approximately $13,364,965.01. The disclosure for this sale can be found here. Insiders sold a total of 1,667,782 shares of company stock valued at $129,669,379 in the last quarter. Corporate insiders own 1.11% of the company’s stock.

Several institutional investors have recently bought and sold shares of the stock. Pinnacle Wealth Planning Services Inc. lifted its position in shares of IHS Markit by 4.5% during the 4th quarter. Pinnacle Wealth Planning Services Inc. now owns 3,232 shares of the business services provider’s stock worth $243,000 after buying an additional 140 shares during the period. CWM Advisors LLC lifted its position in shares of IHS Markit by 1.7% during the 4th quarter. CWM Advisors LLC now owns 8,835 shares of the business services provider’s stock worth $666,000 after buying an additional 145 shares during the period. Wedbush Securities Inc. lifted its position in shares of IHS Markit by 2.8% during the 3rd quarter. Wedbush Securities Inc. now owns 5,485 shares of the business services provider’s stock worth $367,000 after buying an additional 149 shares during the period. Wetherby Asset Management Inc. lifted its position in shares of IHS Markit by 2.4% during the 3rd quarter. Wetherby Asset Management Inc. now owns 6,528 shares of the business services provider’s stock worth $437,000 after buying an additional 152 shares during the period. Finally, Parkside Financial Bank & Trust lifted its position in shares of IHS Markit by 7.9% during the 3rd quarter. Parkside Financial Bank & Trust now owns 2,351 shares of the business services provider’s stock worth $157,000 after buying an additional 173 shares during the period. Institutional investors and hedge funds own 98.76% 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.

Featured Article: Relative Strength Index

Get a free copy of the Zacks research report on IHS Markit (INFO)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for IHS Markit Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for IHS Markit and related companies with MarketBeat.com's FREE daily email newsletter.