IHS Markit (NYSE:INFO) Issues Quarterly Earnings Results, Beats Estimates By $0.02 EPS

IHS Markit (NYSE:INFO) issued its quarterly earnings data on Tuesday. The business services provider reported $0.69 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.02, RTT News reports. IHS Markit had a return on equity of 10.66% and a net margin of 18.43%. The company had revenue of $1.03 billion during the quarter, compared to analyst estimates of $1.05 billion. During the same period in the prior year, the business posted $0.71 earnings per share. The firm’s revenue for the quarter was down 9.6% compared to the same quarter last year. IHS Markit updated its FY 2021
Pre-Market guidance to 3.14-3.19 EPS and its FY 2020
Pre-Market guidance to 2.76-2.78 EPS.

IHS Markit stock opened at $71.74 on Thursday. IHS Markit has a 1-year low of $44.81 and a 1-year high of $81.65. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.70 and a quick ratio of 0.70. The stock has a market cap of $30.93 billion, a PE ratio of 36.23, a P/E/G ratio of 2.74 and a beta of 0.94. The stock’s fifty day moving average is $69.39 and its two-hundred day moving average is $70.69.

In other IHS Markit news, EVP Adam Jason Kansler sold 100,000 shares of the firm’s stock in a transaction on Monday, May 11th. The stock was sold at an average price of $67.75, for a total value of $6,775,000.00. Following the sale, the executive vice president now directly owns 166,680 shares in the company, valued at $11,292,570. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director William E. Ford purchased 2,983 shares of the business’s stock in a transaction on Wednesday, April 1st. The stock was acquired at an average price of $58.30 per share, for a total transaction of $173,908.90. Following the completion of the purchase, the director now owns 45,166 shares of the company’s stock, valued at $2,633,177.80. The disclosure for this purchase can be found here. Over the last 90 days, insiders sold 627,147 shares of company stock worth $42,074,145. 0.75% of the stock is owned by insiders.

Several research firms have recently commented on INFO. Deutsche Bank raised their price target on IHS Markit from $71.00 to $84.00 and gave the stock a “buy” rating in a research report on Tuesday, June 16th. UBS Group upgraded IHS Markit from a “neutral” rating to a “buy” rating and raised their price target for the stock from $63.00 to $85.00 in a research report on Wednesday. Wells Fargo & Co raised their price target on IHS Markit from $70.00 to $90.00 and gave the stock an “overweight” rating in a research report on Wednesday. Barclays increased their price objective on IHS Markit from $70.00 to $85.00 and gave the company an “overweight” rating in a research note on Wednesday. Finally, Cantor Fitzgerald reduced their price objective on IHS Markit from $74.00 to $60.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 25th. Five investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $80.17.

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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Earnings History for IHS Markit (NYSE:INFO)

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