IHS Markit (NYSE:INFO) posted its quarterly earnings data on Wednesday. The business services provider reported $0.72 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.05, RTT News reports. IHS Markit had a net margin of 21.45% and a return on equity of 11.07%. The firm had revenue of $1.11 billion for the quarter, compared to analysts’ expectations of $1.11 billion. During the same period in the previous year, the company posted $0.65 EPS. The company’s quarterly revenue was down 1.2% compared to the same quarter last year.
Shares of INFO stock opened at $86.78 on Wednesday. The stock’s 50 day simple moving average is $89.97 and its two-hundred day simple moving average is $83.30. The company has a market cap of $34.57 billion, a PE ratio of 37.90 and a beta of 1.08. The company has a debt-to-equity ratio of 0.55, a current ratio of 0.67 and a quick ratio of 0.67. IHS Markit has a 1 year low of $44.81 and a 1 year high of $101.45.
In other news, EVP Edouard Tavernier sold 889 shares of the company’s stock in a transaction that occurred on Tuesday, November 3rd. The stock was sold at an average price of $84.42, for a total transaction of $75,049.38. Following the transaction, the executive vice president now owns 27,759 shares of the company’s stock, valued at $2,343,414.78. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 0.75% of the company’s stock.
IHS Markit Company Profile
IHS Markit Ltd. provides critical information, analytics, and solutions for various industries and markets worldwide. The company's information, analytics, and solutions enhance operational efficiency and offer deep insights for customers in business, finance, and government. Its Financial Services segment offers pricing and reference data, indices, valuation and trading services, trade processing, enterprise software, and managed services to traders, portfolio managers, risk managers, research professionals, and other financial market participants, as well as operations, compliance, and enterprise data managers.
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