IHS (NYSE:IHS – Get Free Report) posted its quarterly earnings results on Monday. The business services provider reported ($0.02) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.32), FiscalAI reports. The company had revenue of $490.50 million during the quarter, compared to analysts’ expectations of $420.45 million. IHS had a negative return on equity of 832.09% and a net margin of 8.17%.
IHS Price Performance
Shares of IHS traded up $0.01 during trading hours on Tuesday, hitting $8.46. The stock had a trading volume of 309,182 shares, compared to its average volume of 1,318,777. The stock has a market capitalization of $2.86 billion, a price-to-earnings ratio of 21.14 and a beta of 0.73. The company’s fifty day moving average is $8.44 and its two-hundred day moving average is $8.27. IHS has a 52 week low of $5.71 and a 52 week high of $8.95.
Analysts Set New Price Targets
A number of equities analysts recently weighed in on the stock. Weiss Ratings raised shares of IHS from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, October 8th. Wall Street Zen upgraded shares of IHS to a “hold” rating in a research note on Saturday, October 24th. Two investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, IHS presently has a consensus rating of “Hold” and an average price target of $8.80.
About IHS
IHS Towers, formally IHS Holding Limited, is an independent owner and operator of shared telecommunications infrastructure. Founded in 2001, the company began in Nigeria and expanded into a multinational provider of infrastructure used by mobile network operators.
Its assets and services include wireless communications towers, fiber-optic networks and other infrastructure that help telecom providers extend coverage and capacity. By sharing sites and related facilities among customers, IHS supports the deployment and operation of mobile networks.
IHS has served markets across Africa, Latin America and the Middle East.
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