Zacks: Brokerages Anticipate IHS Markit Ltd (INFO) to Post $0.65 EPS

Equities analysts expect IHS Markit Ltd (NASDAQ:INFO) to report earnings of $0.65 per share for the current quarter, according to Zacks. Eight analysts have made estimates for IHS Markit’s earnings. The lowest EPS estimate is $0.64 and the highest is $0.66. IHS Markit reported earnings of $0.61 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 6.6%. The firm is scheduled to announce its next quarterly earnings results on Tuesday, June 25th.

On average, analysts expect that IHS Markit will report full year earnings of $2.55 per share for the current year, with EPS estimates ranging from $2.48 to $2.57. For the next year, analysts expect that the business will post earnings of $2.88 per share, with EPS estimates ranging from $2.83 to $2.94. Zacks’ EPS averages are an average based on a survey of sell-side analysts that that provide coverage for IHS Markit.

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

A number of equities analysts have recently weighed in on INFO shares. Zacks Investment Research raised IHS Markit from a “hold” rating to a “buy” rating and set a $62.00 price objective for the company in a research note on Wednesday, March 20th. BidaskClub lowered IHS Markit from a “buy” rating to a “hold” rating in a research note on Tuesday, April 16th. SunTrust Banks dropped their price objective on IHS Markit to $62.00 and set a “buy” rating for the company in a research note on Wednesday, January 16th. They noted that the move was a valuation call. Morgan Stanley set a $45.00 price objective on IHS Markit and gave the stock a “sell” rating in a research note on Tuesday, January 8th. Finally, BMO Capital Markets dropped their price target on IHS Markit to $58.00 and set an “outperform” rating for the company in a research note on Wednesday, January 16th. One analyst has rated the stock with a sell rating, six have issued a hold rating and ten have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $58.86.

In other IHS Markit news, CFO Todd S. Hyatt sold 7,942 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 $413,222.26. Following the transaction, the chief financial officer now directly owns 283,083 shares in the company, valued at approximately $14,728,808.49. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Michael M. Easton sold 12,461 shares of the stock in a transaction on Tuesday, February 5th. The shares were sold at an average price of $52.03, for a total value of $648,345.83. Following the sale, the insider now directly owns 24,721 shares in the company, valued at approximately $1,286,233.63. The disclosure for this sale can be found here. Insiders have sold a total of 82,450 shares of company stock worth $4,297,355 over the last 90 days. 2.68% of the stock is currently owned by company insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Norges Bank bought a new stake in IHS Markit during the 4th quarter valued at $164,394,000. Kinneret Advisory LLC acquired a new stake in IHS Markit during the 4th quarter worth about $466,000. Comerica Bank lifted its position in IHS Markit by 5.5% during the 4th quarter. Comerica Bank now owns 318,334 shares of the business services provider’s stock worth $16,108,000 after acquiring an additional 16,461 shares during the period. Oregon Public Employees Retirement Fund lifted its position in IHS Markit by 4,638.4% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 1,860,373 shares of the business services provider’s stock worth $39,000 after acquiring an additional 1,821,111 shares during the period. Finally, Teachers Advisors LLC lifted its position in IHS Markit by 19.9% during the 3rd quarter. Teachers Advisors LLC now owns 1,399,999 shares of the business services provider’s stock worth $75,544,000 after acquiring an additional 232,284 shares during the period. 97.49% of the stock is currently owned by institutional investors and hedge funds.

Shares of NASDAQ INFO traded down $0.21 during mid-day trading on Wednesday, reaching $56.08. The company’s stock had a trading volume of 1,377,548 shares, compared to its average volume of 1,886,746. The firm has a market cap of $22.42 billion, a price-to-earnings ratio of 28.32, a price-to-earnings-growth ratio of 2.43 and a beta of 0.82. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 0.61. IHS Markit has a 52 week low of $44.52 and a 52 week high of $57.69.

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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