IHS Markit Ltd (INFO) Expected to Post Earnings of $0.55 Per Share

Brokerages expect IHS Markit Ltd (NASDAQ:INFO) to report earnings per share (EPS) of $0.55 for the current fiscal quarter, Zacks reports. Eight analysts have provided estimates for IHS Markit’s earnings, with the lowest EPS estimate coming in at $0.52 and the highest estimate coming in at $0.57. IHS Markit reported earnings of $0.52 per share in the same quarter last year, which would indicate a positive year over year growth rate of 5.8%. The company is expected to issue its next quarterly earnings report on Tuesday, January 15th.

According to Zacks, analysts expect that IHS Markit will report full year earnings of $2.27 per share for the current fiscal year, with EPS estimates ranging from $2.25 to $2.29. For the next year, analysts forecast that the business will report earnings of $2.59 per share, with EPS estimates ranging from $2.52 to $2.65. Zacks’ EPS averages are an average based on a survey of sell-side analysts that follow IHS Markit.

IHS Markit (NASDAQ:INFO) last posted its quarterly earnings results on Tuesday, September 25th. The business services provider reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.55 by $0.03. IHS Markit had a net margin of 14.57% and a return on equity of 9.55%. The firm had revenue of $1 billion during the quarter, compared to analysts’ expectations of $991.05 million. During the same period in the prior year, the company posted $0.57 earnings per share. The firm’s revenue for the quarter was up 10.6% on a year-over-year basis.

INFO has been the topic of a number of research reports. Zacks Investment Research raised IHS Markit from a “hold” rating to a “buy” rating and set a $56.00 target price on the stock in a research report on Wednesday, June 27th. SunTrust Banks reaffirmed a “buy” rating and issued a $61.00 price objective on shares of IHS Markit in a research note on Wednesday, June 27th. BidaskClub raised IHS Markit from a “hold” rating to a “buy” rating in a research note on Saturday, June 23rd. Robert W. Baird upped their price objective on IHS Markit from $58.00 to $59.00 and gave the stock an “outperform” rating in a research note on Wednesday, June 27th. Finally, ValuEngine raised IHS Markit from a “hold” rating to a “buy” rating in a research note on Monday, July 2nd. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $57.64.

INFO traded up $1.36 during trading on Friday, hitting $51.84. The company’s stock had a trading volume of 2,281,070 shares, compared to its average volume of 1,888,649. IHS Markit has a twelve month low of $42.40 and a twelve month high of $55.99. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.43 and a current ratio of 0.43. The firm has a market cap of $21.27 billion, a PE ratio of 30.86, a price-to-earnings-growth ratio of 2.57 and a beta of 0.77.

In other news, CFO Todd S. Hyatt sold 14,517 shares of the firm’s stock in a transaction on Monday, October 1st. The stock was sold at an average price of $54.01, for a total value of $784,063.17. Following the completion of the sale, the chief financial officer now owns 341,598 shares of the company’s stock, valued at approximately $18,449,707.98. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.68% of the stock is owned by company insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in INFO. Edgewood Management LLC boosted its holdings in shares of IHS Markit by 2.4% during the 2nd quarter. Edgewood Management LLC now owns 18,493,151 shares of the business services provider’s stock worth $954,062,000 after buying an additional 439,429 shares during the period. FMR LLC raised its stake in IHS Markit by 10.0% during the 2nd quarter. FMR LLC now owns 16,933,612 shares of the business services provider’s stock valued at $873,605,000 after purchasing an additional 1,539,362 shares during the last quarter. American Century Companies Inc. raised its stake in IHS Markit by 4.6% during the 2nd quarter. American Century Companies Inc. now owns 7,165,244 shares of the business services provider’s stock valued at $369,655,000 after purchasing an additional 315,286 shares during the last quarter. Sei Investments Co. raised its stake in IHS Markit by 4.9% during the 2nd quarter. Sei Investments Co. now owns 4,696,661 shares of the business services provider’s stock valued at $242,300,000 after purchasing an additional 218,299 shares during the last quarter. Finally, Northern Trust Corp raised its stake in IHS Markit by 2.9% during the 2nd quarter. Northern Trust Corp now owns 4,094,784 shares of the business services provider’s stock valued at $211,250,000 after purchasing an additional 115,235 shares during the last quarter. Institutional investors and hedge funds own 97.03% 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 and Estimates for IHS Markit (NASDAQ:INFO)

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