IHS Markit (INFO) Issues FY 2019 Earnings Guidance

IHS Markit (NASDAQ:INFO) updated its FY 2019 earnings guidance on Thursday. The company provided EPS guidance of $2.52-2.57 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.57. The company issued revenue guidance of $4.425-4.5 billion, compared to the consensus revenue estimate of $4.5 billion.IHS Markit also updated its FY 2018 guidance to $2.25-2.27 EPS.

A number of research firms have recently commented on INFO. Stifel Nicolaus raised their target price on IHS Markit from $54.00 to $57.00 and gave the company a hold rating in a research note on Wednesday, September 26th. Wells Fargo & Co lifted their price objective on IHS Markit from $60.00 to $64.00 and gave the company an outperform rating in a research note on Wednesday, September 26th. Bank of America began coverage on IHS Markit in a research note on Tuesday, October 23rd. They set a buy rating and a $63.00 price objective for the company. Zacks Investment Research upgraded IHS Markit from a hold rating to a buy rating and set a $61.00 price objective for the company in a research note on Tuesday, September 25th. Finally, Morgan Stanley set a $46.00 price objective on IHS Markit and gave the company a sell rating in a research note on Monday, October 15th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have given a buy rating to the stock. IHS Markit currently has a consensus rating of Buy and a consensus price target of $58.00.

Shares of NASDAQ:INFO opened at $52.91 on Friday. The firm has a market cap of $20.93 billion, a price-to-earnings ratio of 31.49, a P/E/G ratio of 2.71 and a beta of 0.74. IHS Markit has a 12-month low of $42.55 and a 12-month high of $55.99. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.43 and a quick ratio of 0.43.

IHS Markit (NASDAQ:INFO) last announced its quarterly earnings data on Tuesday, September 25th. The business services provider reported $0.58 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.55 by $0.03. The business had revenue of $1 billion during the quarter, compared to analysts’ expectations of $991.05 million. IHS Markit had a return on equity of 9.55% and a net margin of 14.57%. The firm’s quarterly revenue was up 10.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.57 earnings per share. As a group, research analysts anticipate that IHS Markit will post 1.82 EPS for the current year.

In other IHS Markit news, CFO Todd S. Hyatt sold 14,517 shares of IHS Markit stock in a transaction on Monday, October 1st. The stock was sold at an average price of $54.01, for a total value of $784,063.17. Following the completion of the sale, the chief financial officer now owns 341,598 shares of the company’s stock, valued at approximately $18,449,707.98. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 2.68% of the stock is currently owned by company insiders.

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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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Earnings History and Estimates for IHS Markit (NASDAQ:INFO)

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