IHS Markit (NASDAQ:INFO) updated its FY19 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $2.52-2.57 for the period, compared to the Thomson Reuters consensus estimate of $2.55. The company issued revenue guidance of $4.43-4.50 billion, compared to the consensus revenue estimate of $4.45 billion.IHS Markit also updated its FY 2019 guidance to $2.52-2.57 EPS.
IHS Markit stock opened at $63.10 on Friday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.64 and a current ratio of 0.66. IHS Markit has a 1-year low of $44.52 and a 1-year high of $63.61. The stock has a market capitalization of $24.93 billion, a P/E ratio of 31.87, a PEG ratio of 2.75 and a beta of 0.78. The company has a 50 day simple moving average of $58.48.
IHS Markit (NASDAQ:INFO) last posted its quarterly earnings results on Wednesday, June 26th. The business services provider reported $0.71 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.65 by $0.06. IHS Markit had a return on equity of 10.13% and a net margin of 10.49%. The firm had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.14 billion. During the same period in the previous year, the business earned $0.61 earnings per share. The company’s revenue for the quarter was up 12.6% compared to the same quarter last year. Research analysts expect that IHS Markit will post 2.12 EPS for the current fiscal year.
A number of analysts recently weighed in on INFO shares. Zacks Investment Research upgraded IHS Markit from a hold rating to a buy rating and set a $62.00 price target on the stock in a research note on Wednesday, March 20th. BidaskClub downgraded IHS Markit from a buy rating to a hold rating in a research note on Tuesday, April 16th. UBS Group lifted their price target on IHS Markit from $53.00 to $56.00 and gave the company a neutral rating in a research note on Tuesday, March 12th. Morgan Stanley lifted their price target on IHS Markit from $45.00 to $46.00 and gave the company an underweight rating in a research note on Wednesday, March 27th. Finally, Piper Jaffray Companies lifted their price target on IHS Markit from $61.00 to $64.00 and gave the company an overweight rating in a research note on Tuesday, April 2nd. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have given a buy rating to the company’s stock. The company currently has a consensus rating of Buy and a consensus price target of $61.17.
In other IHS Markit news, CFO Todd S. Hyatt sold 40,000 shares of the business’s stock in a transaction on Thursday, May 2nd. The stock was sold at an average price of $56.24, for a total transaction of $2,249,600.00. Following the sale, the chief financial officer now directly owns 243,083 shares in the company, valued at $13,670,987.92. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Lance Darrell Gordon Uggla sold 30,000 shares of the business’s stock in a transaction on Monday, May 13th. The stock was sold at an average price of $54.50, for a total value of $1,635,000.00. The disclosure for this sale can be found here. 2.68% of the stock is currently owned by insiders.
IHS Markit Company Profile
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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