IHS Markit (NASDAQ:INFO) Updates FY19 Earnings Guidance

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IHS Markit (NASDAQ:INFO) updated its FY19 earnings guidance on Wednesday. The company provided earnings per share guidance of $2.52-2.57 for the period, compared to the Thomson Reuters consensus earnings per share 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.

NASDAQ INFO opened at $62.37 on Thursday. The company’s 50-day moving average price is $58.34. IHS Markit has a twelve month low of $44.52 and a twelve month high of $62.46. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 0.61. The stock has a market capitalization of $23.69 billion, a P/E ratio of 31.50, a price-to-earnings-growth ratio of 2.62 and a beta of 0.78.

IHS Markit (NASDAQ:INFO) last released its quarterly earnings data on Wednesday, June 26th. The business services provider reported $0.71 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.65 by $0.06. IHS Markit had a return on equity of 9.80% and a net margin of 9.96%. The firm had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.14 billion. During the same quarter in the previous year, the business earned $0.61 earnings per share. The company’s quarterly revenue was up 12.6% on a year-over-year basis. Analysts expect that IHS Markit will post 2.12 earnings per share for the current year.

INFO has been the topic of several research reports. Zacks Investment Research raised IHS Markit from a hold rating to a buy rating and set a $62.00 price objective on the stock in a research report on Wednesday, March 20th. BidaskClub upgraded shares of IHS Markit from a hold rating to a buy rating in a report on Friday, April 5th. SunTrust Banks reiterated a buy rating and set a $70.00 target price (up from $62.00) on shares of IHS Markit in a research note on Thursday. UBS Group boosted their target price on shares of IHS Markit from $53.00 to $56.00 and gave the company a neutral rating in a research note on Tuesday, March 12th. Finally, Piper Jaffray Companies upped their price objective on IHS Markit from $61.00 to $64.00 and gave the stock an overweight rating in a research note on Tuesday, April 2nd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and ten have issued a buy rating to the company’s stock. IHS Markit presently has an average rating of Buy and an average target price of $59.85.

In other news, CEO Lance Darrell Gordon Uggla sold 30,000 shares of the business’s stock in a transaction dated Monday, May 13th. The shares were sold at an average price of $54.50, for a total transaction of $1,635,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Todd S. Hyatt sold 40,000 shares of the business’s stock in a transaction dated 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 transaction, the chief financial officer now owns 243,083 shares in the company, valued at $13,670,987.92. The disclosure for this sale can be found here. Company insiders own 2.68% of the company’s stock.

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 and Estimates for IHS Markit (NASDAQ:INFO)

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