IHS Markit Ltd Expected to Post Q1 2020 Earnings of $0.55 Per Share (INFO)

IHS Markit Ltd (NASDAQ:INFO) – Piper Jaffray Companies lifted their Q1 2020 earnings per share (EPS) estimates for shares of IHS Markit in a note issued to investors on Tuesday, March 26th, Zacks Investment Research reports. Piper Jaffray Companies analyst P. Appert now anticipates that the business services provider will post earnings of $0.55 per share for the quarter, up from their previous forecast of $0.53. Piper Jaffray Companies currently has a “Overweight” rating and a $64.00 target price on the stock. Piper Jaffray Companies also issued estimates for IHS Markit’s Q2 2020 earnings at $0.63 EPS, Q3 2020 earnings at $0.61 EPS, Q4 2020 earnings at $0.67 EPS and FY2021 earnings at $2.85 EPS.

Several other brokerages also recently issued reports on INFO. BidaskClub downgraded shares of IHS Markit from a “buy” rating to a “hold” rating in a research note on Tuesday, April 16th. Zacks Investment Research upgraded shares of IHS Markit from a “hold” rating to a “buy” rating and set a $62.00 target price for the company in a research note on Wednesday, March 20th. UBS Group raised 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. Morgan Stanley raised their target price on shares of IHS Markit from $45.00 to $46.00 and gave the company an “underweight” rating in a research note on Wednesday, March 27th. Finally, BMO Capital Markets cut their target price on shares of IHS Markit to $58.00 and set an “outperform” rating for the company in a research note on Wednesday, January 16th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and ten have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $58.86.

NASDAQ:INFO traded up $0.40 during mid-day trading on Friday, hitting $55.01. The stock had a trading volume of 1,190,590 shares, compared to its average volume of 1,710,289. IHS Markit has a twelve month low of $44.52 and a twelve month high of $55.99. The company has a market capitalization of $21.99 billion, a P/E ratio of 27.78, a price-to-earnings-growth ratio of 2.43 and a beta of 0.82. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.64 and a current ratio of 0.64.

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

Several institutional investors and hedge funds have recently made changes to their positions in INFO. Lunia Capital LP increased its holdings in shares of IHS Markit by 5,785.0% during the fourth quarter. Lunia Capital LP now owns 12,980,059 shares of the business services provider’s stock worth $12,980,000 after purchasing an additional 12,759,498 shares during the period. Canada Pension Plan Investment Board increased its holdings in shares of IHS Markit by 21.7% during the fourth quarter. Canada Pension Plan Investment Board now owns 22,031,949 shares of the business services provider’s stock worth $1,056,784,000 after purchasing an additional 3,927,202 shares during the period. Norges Bank bought a new position in shares of IHS Markit during the fourth quarter worth approximately $164,394,000. Oregon Public Employees Retirement Fund increased its holdings in shares of IHS Markit by 4,638.4% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 1,860,373 shares of the business services provider’s stock worth $39,000 after purchasing an additional 1,821,111 shares during the period. Finally, Bank of America Corp DE increased its holdings in shares of IHS Markit by 60.2% during the fourth quarter. Bank of America Corp DE now owns 4,814,676 shares of the business services provider’s stock worth $230,961,000 after purchasing an additional 1,808,786 shares during the period. 97.49% of the stock is currently owned by institutional investors.

In other IHS Markit news, CFO Todd S. Hyatt sold 7,942 shares of the stock in a transaction dated 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 directly owns 283,083 shares of the company’s stock, valued at approximately $14,728,808.49. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Jonathan Gear sold 15,587 shares of the stock in a transaction dated Monday, February 11th. The shares were sold at an average price of $52.51, for a total transaction of $818,473.37. Following the completion of the transaction, the executive vice president now directly owns 168,151 shares in the company, valued at $8,829,609.01. The disclosure for this sale can be found here. Over the last three months, insiders sold 82,450 shares of company stock worth $4,297,355. 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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