Equities Analysts Offer Predictions for IHS Markit Ltd’s FY2019 Earnings (INFO)

IHS Markit Ltd (NASDAQ:INFO) – Research analysts at William Blair dropped their FY2019 earnings per share (EPS) estimates for IHS Markit in a report issued on Tuesday, March 26th, according to Zacks Investment Research. William Blair analyst T. Mchugh now anticipates that the business services provider will post earnings per share of $2.12 for the year, down from their previous forecast of $2.13. William Blair also issued estimates for IHS Markit’s FY2020 earnings at $2.42 EPS.

IHS Markit (NASDAQ:INFO) last announced its quarterly earnings data on Tuesday, March 26th. The business services provider reported $0.60 EPS for the quarter, topping the consensus estimate of $0.45 by $0.15. The company had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.06 billion. IHS Markit had a net margin of 9.96% and a return on equity of 9.80%. The company’s quarterly revenue was up 12.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.53 EPS.

Several other analysts also recently commented on the stock. Zacks Investment Research downgraded shares of IHS Markit from a “buy” rating to a “hold” rating in a research report on Friday, March 29th. BidaskClub downgraded shares of IHS Markit from a “buy” rating to a “hold” rating in a research report on Wednesday, March 27th. SunTrust Banks reduced their price objective on shares of IHS Markit to $62.00 and set a “buy” rating for the company in a research report on Wednesday, January 16th. They noted that the move was a valuation call. Cantor Fitzgerald reaffirmed a “hold” rating and set a $51.00 price objective on shares of IHS Markit in a research report on Tuesday, January 15th. Finally, BMO Capital Markets reduced their price objective on shares of IHS Markit to $58.00 and set an “outperform” rating for the company in a research report on Wednesday, January 16th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have issued a buy rating to the company. IHS Markit presently has an average rating of “Buy” and an average target price of $58.86.

Shares of INFO stock traded up $0.40 during trading hours on Friday, hitting $55.01. 1,190,590 shares of the company were exchanged, compared to its average volume of 1,710,289. The company has a market cap of $21.99 billion, a price-to-earnings ratio of 27.78, a price-to-earnings-growth ratio of 2.43 and a beta of 0.82. IHS Markit has a fifty-two week low of $44.52 and a fifty-two week high of $55.99. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 0.61.

A number of large investors have recently modified their holdings of INFO. Oakbrook Investments LLC raised its stake in shares of IHS Markit by 100.1% during the 1st quarter. Oakbrook Investments LLC now owns 34,275 shares of the business services provider’s stock worth $1,864,000 after purchasing an additional 17,150 shares during the period. IFM Investors Pty Ltd raised its stake in shares of IHS Markit by 12.0% during the 1st quarter. IFM Investors Pty Ltd now owns 25,604 shares of the business services provider’s stock worth $1,392,000 after purchasing an additional 2,741 shares during the period. Wedbush Securities Inc. raised its stake in shares of IHS Markit by 8.1% during the 1st quarter. Wedbush Securities Inc. now owns 4,959 shares of the business services provider’s stock worth $270,000 after purchasing an additional 372 shares during the period. Nisa Investment Advisors LLC raised its stake in shares of IHS Markit by 11.3% during the 1st quarter. Nisa Investment Advisors LLC now owns 58,265 shares of the business services provider’s stock worth $3,168,000 after purchasing an additional 5,900 shares during the period. Finally, Raymond James Trust N.A. raised its stake in shares of IHS Markit by 6.1% during the 1st quarter. Raymond James Trust N.A. now owns 7,081 shares of the business services provider’s stock worth $385,000 after purchasing an additional 404 shares during the period. Institutional investors and hedge funds own 97.49% of the company’s stock.

In other IHS Markit news, insider Michael M. Easton sold 12,461 shares of the firm’s stock in a transaction on Tuesday, February 5th. The stock was sold at an average price of $52.03, for a total transaction of $648,345.83. Following the transaction, the insider now directly owns 24,721 shares in the company, valued at approximately $1,286,233.63. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Todd S. Hyatt sold 7,942 shares of the firm’s stock in a transaction on Tuesday, February 5th. The shares were sold at an average price of $52.03, for a total value of $413,222.26. Following the transaction, the chief financial officer now owns 283,083 shares in the company, valued at $14,728,808.49. The disclosure for this sale can be found here. In the last three months, insiders sold 82,450 shares of company stock valued at $4,297,355. 2.68% of the stock is currently owned by 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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Earnings History and Estimates for IHS Markit (NASDAQ:INFO)

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