Brokerages Expect IHS Markit Ltd. (NYSE:INFO) Will Announce Quarterly Sales of $1.14 Billion

Equities research analysts expect that IHS Markit Ltd. (NYSE:INFO) will announce sales of $1.14 billion for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for IHS Markit’s earnings. IHS Markit reported sales of $1.11 billion during the same quarter last year, which indicates a positive year over year growth rate of 2.7%. The company is scheduled to report its next earnings report on Wednesday, January 12th.

On average, analysts expect that IHS Markit will report full-year sales of $4.62 billion for the current year, with estimates ranging from $4.62 billion to $4.63 billion. For the next year, analysts forecast that the firm will report sales of $4.80 billion, with estimates ranging from $4.77 billion to $4.88 billion. Zacks’ sales calculations are a mean average based on a survey of analysts that cover IHS Markit.

IHS Markit (NYSE:INFO) last issued its earnings results on Monday, September 27th. The business services provider reported $0.85 earnings per share for the quarter, topping the consensus estimate of $0.83 by $0.02. IHS Markit had a return on equity of 11.91% and a net margin of 13.53%. The business had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.17 billion. During the same quarter last year, the company earned $0.65 EPS. The business’s quarterly revenue was up 10.0% on a year-over-year basis.

INFO has been the topic of several research analyst reports. Morgan Stanley raised their target price on IHS Markit from $137.00 to $144.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 27th. Zacks Investment Research raised IHS Markit from a “hold” rating to a “buy” rating and set a $124.00 price target on the stock in a research report on Friday, October 1st. Five analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $118.00.

Several hedge funds have recently made changes to their positions in INFO. Vigilant Capital Management LLC purchased a new position in shares of IHS Markit in the 3rd quarter valued at approximately $25,000. Sage Private Wealth Group LLC purchased a new stake in shares of IHS Markit in the third quarter valued at approximately $25,000. Bell Investment Advisors Inc purchased a new stake in shares of IHS Markit in the third quarter valued at approximately $38,000. First Horizon Advisors Inc. boosted its stake in shares of IHS Markit by 114.5% in the third quarter. First Horizon Advisors Inc. now owns 356 shares of the business services provider’s stock valued at $39,000 after buying an additional 190 shares in the last quarter. Finally, Harvest Fund Management Co. Ltd boosted its stake in shares of IHS Markit by 66.4% in the second quarter. Harvest Fund Management Co. Ltd now owns 391 shares of the business services provider’s stock valued at $44,000 after buying an additional 156 shares in the last quarter. Institutional investors own 87.22% of the company’s stock.

Shares of NYSE INFO traded up $1.55 during midday trading on Thursday, hitting $129.78. 1,438,696 shares of the company’s stock were exchanged, compared to its average volume of 2,441,556. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.30 and a quick ratio of 1.30. IHS Markit has a twelve month low of $83.26 and a twelve month high of $132.35. The company has a market cap of $51.76 billion, a PE ratio of 83.73 and a beta of 0.99. The firm’s fifty day simple moving average is $123.96 and its 200-day simple moving average is $117.01.

The business also recently announced a quarterly dividend, which was paid on Friday, November 12th. Shareholders of record on Friday, October 29th were paid a $0.20 dividend. The ex-dividend date of this dividend was Thursday, October 28th. This represents a $0.80 annualized dividend and a dividend yield of 0.62%. IHS Markit’s dividend payout ratio (DPR) is currently 51.61%.

IHS Markit Company Profile

IHS Markit Ltd. engages in the provision of information, analytics, and solutions to customers in the business, finance, and government sectors. It operates through the following segments: Financial Services, Transportation, Resources, and Consolidated Markets and Solutions. The Financial Services segment consists of pricing and reference data, indices product portfolio, valuation, and research, sales, and trading activities.

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