IHS (NYSE:IHS) Issues Quarterly Earnings Results

IHS (NYSE:IHS) released its earnings results on Tuesday. The business services provider reported ($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.15), FiscalAI reports. IHS had a net margin of 10.74% and a negative return on equity of 1,351.44%. The company had revenue of $428.60 million during the quarter, compared to analyst estimates of $442.72 million.

IHS Trading Up 0.3%

IHS traded up $0.03 during trading hours on Tuesday, hitting $8.32. The company’s stock had a trading volume of 34,959 shares, compared to its average volume of 1,531,776. The stock has a market cap of $2.79 billion, a price-to-earnings ratio of 15.71 and a beta of 0.73. The business’s 50-day moving average price is $8.23 and its 200-day moving average price is $8.20. IHS has a 12 month low of $5.71 and a 12 month high of $8.95.

Analysts Set New Price Targets

Separately, Weiss Ratings raised IHS from a “sell (d+)” rating to a “hold (c)” rating in a report on Wednesday, May 13th. Two research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $8.38.

Hedge Funds Weigh In On IHS

Hedge funds and other institutional investors have recently made changes to their positions in the company. Quantbot Technologies LP lifted its stake in shares of IHS by 647.6% during the second quarter. Quantbot Technologies LP now owns 68,437 shares of the business services provider’s stock worth $381,000 after buying an additional 59,283 shares during the period. Arrowstreet Capital Limited Partnership lifted its position in IHS by 457.1% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 1,113,427 shares of the business services provider’s stock worth $6,191,000 after acquiring an additional 913,549 shares during the period. Marshall Wace LLP lifted its position in IHS by 94.6% during the 2nd quarter. Marshall Wace LLP now owns 1,260,483 shares of the business services provider’s stock worth $7,008,000 after acquiring an additional 612,852 shares during the period. Jump Financial LLC grew its stake in IHS by 227.3% during the 2nd quarter. Jump Financial LLC now owns 322,061 shares of the business services provider’s stock valued at $1,791,000 after purchasing an additional 223,661 shares during the last quarter. Finally, WINTON GROUP Ltd purchased a new stake in IHS during the 2nd quarter valued at about $142,000. Institutional investors own 17.54% of the company’s stock.

IHS Company Profile

IHS Inc develops source of information, insight and analytics in different areas of business. The Company’s segments include Resources, Transportation and Consolidated Markets & Solutions. The Company’s Resources segment includes its Energy and Chemicals product offerings. Its Transportation segment includes its Automotive; Maritime & Trade, and Aerospace, Defense & Security product offerings. Its Consolidated Markets & Solutions segment includes its Product Design; Technology, Media & Telecom, and Economics & Country Risk product offerings.