The IHS Markit Ltd. (INFO) Announces Quarterly Earnings Results

The IHS Markit Ltd. (INFO) Announces Quarterly  Earnings Results

IHS Markit Ltd. (NASDAQ:INFO) announced its quarterly earnings data on Tuesday. The company reported $0.48 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.46 by $0.02. IHS Markit had a return on equity of 6.21% and a net margin of 4.06%. The firm had revenue of $874 million for the quarter, compared to analysts’ expectations of $870.50 million. IHS Markit’s revenue for the quarter was up 57.2% compared to the same quarter last year. IHS Markit updated its FY17 guidance to $2.02-2.08 EPS.

IHS Markit (NASDAQ:INFO) opened at 38.60 on Thursday. The stock’s 50 day moving average is $35.78 and its 200 day moving average is $35.93. IHS Markit has a 12-month low of $26.29 and a 12-month high of $38.63. The stock has a market capitalization of $13.13 billion, a price-to-earnings ratio of 23.42 and a beta of 0.86.

In other news, CFO Todd S. Hyatt sold 14,000 shares of the company’s stock in a transaction dated Monday, October 31st. The shares were sold at an average price of $36.83, for a total transaction of $515,620.00. Following the sale, the chief financial officer now directly owns 365,459 shares in the company, valued at approximately $13,459,854.97. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Heather Matzke-Hamlin sold 10,080 shares of the company’s stock in a transaction dated Monday, October 31st. The shares were sold at an average price of $36.82, for a total transaction of $371,145.60. Following the sale, the insider now owns 81,877 shares in the company, valued at $3,014,711.14. The disclosure for this sale can be found here.

INFO has been the topic of a number of recent research reports. Zacks Investment Research cut IHS Markit from a “buy” rating to a “sell” rating in a research note on Friday, September 30th. TheStreet cut IHS Markit from a “buy” rating to a “hold” rating in a research note on Tuesday, September 27th. Morgan Stanley set a $34.00 target price on IHS Markit and gave the stock a “sell” rating in a research note on Wednesday, September 28th. BMO Capital Markets reissued a “buy” rating and issued a $41.00 target price on shares of IHS Markit in a research note on Wednesday, September 28th. Finally, RBC Capital Markets set a $42.00 target price on IHS Markit and gave the stock a “buy” rating in a research note on Wednesday, September 28th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and nine have given a buy rating to the company. IHS Markit presently has an average rating of “Hold” and a consensus target price of $40.00.

About IHS Markit

IHS Markit Ltd, formerly Markit Ltd., provides critical information, analytics and solutions for the industries and markets that drive economies worldwide. The Company delivers next-generation information, analytics and solutions to customers in business, finance and government, improving their operational efficiency and providing deep insights.

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