IHS Markit (NYSE:INFO) posted its quarterly earnings data on Tuesday. The business services provider reported $0.72 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.67 by $0.05, MarketWatch Earnings reports. IHS Markit had a return on equity of 11.07% and a net margin of 21.45%. The firm had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.11 billion. During the same period in the prior year, the company earned $0.65 EPS. The firm’s revenue was down 1.2% compared to the same quarter last year.
IHS Markit stock traded up $0.82 during midday trading on Thursday, reaching $86.27. 1,572 shares of the stock traded hands, compared to its average volume of 3,558,232. The company has a 50-day simple moving average of $89.83 and a two-hundred day simple moving average of $83.37. IHS Markit has a 12-month low of $44.81 and a 12-month high of $101.45. The firm has a market cap of $34.37 billion, a PE ratio of 37.31 and a beta of 1.08. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.55.
In related news, EVP Edouard Tavernier sold 889 shares of the firm’s stock in a transaction dated 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 in the company, valued at approximately $2,343,414.78. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.75% of the company’s stock.
IHS Markit Company Profile
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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