IHS Markit (INFO) Issues FY18 Earnings Guidance

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IHS Markit (NASDAQ:INFO) issued an update on its FY18 earnings guidance on Tuesday morning. The company provided EPS guidance of $2.23-2.27 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.27. The company issued revenue guidance of $3.85-3.90 billion, compared to the consensus revenue estimate of $3.87 billion.

IHS Markit opened at $51.28 on Thursday, Marketbeat.com reports. The stock has a market capitalization of $20.54 billion, a price-to-earnings ratio of 30.52, a PEG ratio of 2.40 and a beta of 0.77. IHS Markit has a 12 month low of $42.40 and a 12 month high of $53.05. The company has a current ratio of 1.41, a quick ratio of 0.79 and a debt-to-equity ratio of 0.56.

IHS Markit (NASDAQ:INFO) last announced its earnings results on Tuesday, June 26th. The business services provider reported $0.61 EPS for the quarter, topping the consensus estimate of $0.57 by $0.04. The firm had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $974.12 million. IHS Markit had a net margin of 16.03% and a return on equity of 9.68%. The business’s quarterly revenue was up 11.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.52 EPS. research analysts predict that IHS Markit will post 1.85 earnings per share for the current fiscal year.

Several research analysts recently commented on INFO shares. BMO Capital Markets lifted their target price on shares of IHS Markit to $57.00 in a report on Tuesday, May 15th. ValuEngine upgraded shares of IHS Markit from a hold rating to a buy rating in a report on Monday, April 2nd. Royal Bank of Canada reiterated a buy rating and issued a $57.00 target price (up previously from $55.00) on shares of IHS Markit in a report on Tuesday, March 27th. They noted that the move was a valuation call. Zacks Investment Research upgraded shares of IHS Markit from a hold rating to a buy rating and set a $55.00 target price on the stock in a report on Wednesday, March 14th. Finally, BidaskClub downgraded shares of IHS Markit from a strong-buy rating to a buy rating in a report on Thursday, May 31st. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and twelve have issued a buy rating to the stock. The stock has an average rating of Buy and an average price target of $55.38.

In related news, CEO Lance Darrell Gordon Uggla sold 80,000 shares of the company’s stock in a transaction dated Monday, April 9th. The shares were sold at an average price of $48.36, for a total value of $3,868,800.00. Following the sale, the chief executive officer now owns 806,023 shares of the company’s stock, valued at $38,979,272.28. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Adam Jason Kansler sold 20,000 shares of the company’s stock in a transaction dated Tuesday, April 10th. The shares were sold at an average price of $48.50, for a total transaction of $970,000.00. Following the completion of the sale, the executive vice president now directly owns 131,052 shares in the company, valued at approximately $6,356,022. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 622,400 shares of company stock worth $30,314,866. 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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