IHS (NYSE:IHS) Issues Earnings Results, Misses Expectations By $0.32 EPS

IHS (NYSE:IHS) released its quarterly earnings data on Monday. The business services provider reported ($0.02) earnings per share for the quarter, missing the consensus estimate of $0.30 by ($0.32), FiscalAI reports. The business had revenue of $490.50 million during the quarter, compared to analysts’ expectations of $420.45 million. IHS had a negative return on equity of 832.09% and a net margin of 8.17%.

IHS Stock Performance

IHS traded up $0.01 during trading on Tuesday, hitting $8.46. The stock had a trading volume of 369,243 shares, compared to its average volume of 1,319,026. The stock has a 50 day simple moving average of $8.44 and a two-hundred day simple moving average of $8.27. The company has a market capitalization of $2.86 billion, a PE ratio of 21.14 and a beta of 0.73. IHS has a twelve month low of $5.71 and a twelve month high of $8.95.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on IHS. Weiss Ratings upgraded IHS from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, October 8th. Wall Street Zen upgraded shares of IHS to a “hold” rating in a research report on Saturday, October 24th. Two research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $8.80.

IHS Company Profile

IHS Towers, formally IHS Holding Limited, is an independent owner and operator of shared telecommunications infrastructure. Founded in 2001, the company began in Nigeria and expanded into a multinational provider of infrastructure used by mobile network operators. Its assets and services include wireless communications towers, fiber-optic networks and other infrastructure that help telecom providers extend coverage and capacity. By sharing sites and related facilities among customers, IHS supports the deployment and operation of mobile networks.