IHS Markit Ltd. (NASDAQ:INFO) updated its FY17 earnings guidance on Tuesday. The company provided EPS guidance of $2.02-2.08 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.05. The company issued revenue guidance of $3.4-3.560 n;m, compared to the consensus revenue estimate of $3.53 billion.
Several brokerages recently weighed in on INFO. RBC Capital Markets reaffirmed an outperform rating and set a $45.00 price target (up from $42.00) on shares of IHS Markit in a report on Wednesday. Royal Bank Of Canada increased their price target on IHS Markit from $42.00 to $45.00 and gave the stock an outperform rating in a report on Wednesday. BMO Capital Markets reaffirmed a buy rating and set a $41.00 price target on shares of IHS Markit in a report on Wednesday, September 28th. TheStreet downgraded IHS Markit from a buy rating to a hold rating in a report on Tuesday, September 27th. Finally, Cantor Fitzgerald reiterated a hold rating and issued a $35.00 price objective on shares of IHS Markit in a research report on Tuesday, November 15th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and nine have issued a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and an average target price of $40.00.
Shares of IHS Markit Ltd. (NASDAQ:INFO) opened at 38.60 on Thursday. The company’s 50-day moving average price is $35.78 and its 200-day moving average price is $35.93. The stock has a market cap of $13.13 billion, a PE ratio of 23.42 and a beta of 0.86. IHS Markit Ltd. has a 52-week low of $26.29 and a 52-week high of $38.63.
IHS Markit (NASDAQ:INFO) last released its quarterly earnings data on Tuesday, January 17th. 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 business earned $874 million during the quarter, compared to analyst estimates of $870.50 million. The business’s quarterly revenue was up 57.2% compared to the same quarter last year. Analysts expect that IHS Markit Ltd. will post $2.04 earnings per share for the current year.
In related news, CFO Todd S. Hyatt sold 14,000 shares of the business’s stock in a transaction that occurred on Monday, October 31st. The stock was sold at an average price of $36.83, for a total transaction of $515,620.00. Following the completion of the transaction, the chief financial officer now owns 365,459 shares in the company, valued at approximately $13,459,854.97. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Heather Matzke-Hamlin sold 10,080 shares of the business’s stock in a transaction that occurred on Monday, October 31st. The shares were sold at an average price of $36.82, for a total value of $371,145.60. Following the transaction, the insider now owns 81,877 shares of the company’s stock, valued at approximately $3,014,711.14. The disclosure for this sale can be found here.
IHS Markit Company Profile
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.