IHS Markit (NYSE:INFO) issued its earnings results on Tuesday. The business services provider reported $0.72 EPS for the quarter, topping the consensus estimate of $0.67 by $0.05, MarketWatch Earnings reports. The company had revenue of $1.11 billion for the quarter, compared to analyst estimates of $1.11 billion. IHS Markit had a net margin of 21.45% and a return on equity of 11.07%. The business’s revenue was down 1.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.65 EPS.
Shares of NYSE:INFO traded down $1.55 on Thursday, hitting $83.90. The company’s stock had a trading volume of 3,080,618 shares, compared to its average volume of 3,505,157. IHS Markit has a 12 month low of $44.81 and a 12 month high of $101.45. The company has a market capitalization of $33.42 billion, a price-to-earnings ratio of 36.63 and a beta of 1.05. The stock’s 50-day moving average is $89.83 and its two-hundred day moving average is $83.37. The company has a debt-to-equity ratio of 0.55, a quick ratio of 0.67 and a current ratio of 0.67.
In other IHS Markit news, EVP Edouard Tavernier sold 889 shares of the stock in a transaction on Tuesday, November 3rd. The stock was sold at an average price of $84.42, for a total transaction of $75,049.38. Following the completion of the transaction, the executive vice president now directly owns 27,759 shares of the company’s stock, valued at approximately $2,343,414.78. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.75% of the company’s stock.
About IHS Markit
IHS Markit Ltd. provides critical information, analytics, and solutions for various industries and markets worldwide. The company's information, analytics, and solutions enhance operational efficiency and offer deep insights for customers in business, finance, and government. Its Financial Services segment offers pricing and reference data, indices, valuation and trading services, trade processing, enterprise software, and managed services to traders, portfolio managers, risk managers, research professionals, and other financial market participants, as well as operations, compliance, and enterprise data managers.
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