IHS Markit (NASDAQ:INFO) updated its FY 2019 earnings guidance on Wednesday. The company provided EPS guidance of $2.52-2.57 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.55. The company issued revenue guidance of $4.425-4.5 billion, compared to the consensus revenue estimate of $4.45 billion.IHS Markit also updated its FY19 guidance to $2.52-2.57 EPS.
A number of equities analysts recently commented on the company. Zacks Investment Research downgraded IHS Markit from a buy rating to a hold rating in a report on Friday, March 29th. Deutsche Bank upped their target price on IHS Markit from $63.00 to $70.00 and gave the company a buy rating in a report on Friday. Piper Jaffray Companies upped their target price on IHS Markit from $61.00 to $64.00 and gave the company an overweight rating in a report on Tuesday, April 2nd. BidaskClub downgraded IHS Markit from a strong-buy rating to a buy rating in a report on Friday, June 14th. Finally, Morgan Stanley upped their target price on IHS Markit from $45.00 to $46.00 and gave the company an underweight rating in a report on Wednesday, March 27th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and ten have assigned a buy rating to the company. The company currently has a consensus rating of Buy and a consensus price target of $61.85.
INFO opened at $63.72 on Friday. The business has a fifty day moving average price of $58.62. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.64 and a current ratio of 0.66. The company has a market capitalization of $25.31 billion, a P/E ratio of 32.18, a price-to-earnings-growth ratio of 2.79 and a beta of 0.78. IHS Markit has a 12-month low of $44.52 and a 12-month high of $63.83.
IHS Markit (NASDAQ:INFO) last posted its quarterly earnings data on Wednesday, June 26th. The business services provider reported $0.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.65 by $0.06. The business had revenue of $1.14 billion during the quarter, compared to the consensus estimate of $1.14 billion. IHS Markit had a return on equity of 10.13% and a net margin of 10.49%. The firm’s quarterly revenue was up 12.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.61 earnings per share. On average, sell-side analysts predict that IHS Markit will post 2.12 EPS for the current fiscal year.
In other IHS Markit news, CEO Lance Darrell Gordon Uggla sold 30,000 shares of the 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Todd S. Hyatt sold 40,000 shares of the stock in a transaction on Thursday, May 2nd. The stock was sold at an average price of $56.24, for a total value of $2,249,600.00. Following the completion of the transaction, the chief financial officer now owns 243,083 shares of the company’s stock, valued at approximately $13,670,987.92. The disclosure for this sale can be found here. 2.68% of the stock is currently owned by corporate insiders.
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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