Wall Street analysts predict that IHS Markit Ltd (NASDAQ:INFO) will report $906.64 million in sales for the current fiscal quarter, Zacks reports. Six analysts have issued estimates for IHS Markit’s earnings, with estimates ranging from $899.50 million to $922.70 million. IHS Markit reported sales of $844.20 million during the same quarter last year, which indicates a positive year-over-year growth rate of 7.4%. The company is expected to issue its next earnings report on Tuesday, March 27th.
According to Zacks, analysts expect that IHS Markit will report full-year sales of $906.64 million for the current year, with estimates ranging from $3.60 billion to $3.88 billion. For the next financial year, analysts expect that the firm will report sales of $4.04 billion per share, with estimates ranging from $3.84 billion to $4.13 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that cover IHS Markit.
IHS Markit (NASDAQ:INFO) last released its quarterly earnings results on Tuesday, January 16th. The business services provider reported $0.52 EPS for the quarter, beating the Zacks’ consensus estimate of $0.42 by $0.10. The firm had revenue of $944.70 million for the quarter, compared to analyst estimates of $912.65 million. IHS Markit had a net margin of 11.58% and a return on equity of 8.98%. The company’s revenue for the quarter was up 8.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.48 earnings per share.
INFO has been the topic of a number of recent analyst reports. Royal Bank of Canada restated a “buy” rating and issued a $52.00 price target on shares of IHS Markit in a research report on Wednesday, December 20th. Zacks Investment Research upgraded shares of IHS Markit from a “hold” rating to a “buy” rating and set a $50.00 price target on the stock in a research report on Wednesday, December 6th. SunTrust Banks upgraded shares of IHS Markit from a “hold” rating to a “buy” rating in a research report on Tuesday, November 28th. Goldman Sachs Group initiated coverage on shares of IHS Markit in a research report on Wednesday, November 8th. They issued a “buy” rating and a $55.00 price target on the stock. Finally, BMO Capital Markets restated a “buy” rating and issued a $52.00 price target on shares of IHS Markit in a research report on Wednesday, January 17th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and ten have issued a buy rating to the stock. IHS Markit currently has an average rating of “Buy” and a consensus target price of $49.14.
IHS Markit (NASDAQ INFO) traded up $0.37 during trading hours on Friday, reaching $46.82. 1,764,005 shares of the company’s stock were exchanged, compared to its average volume of 2,310,000. The firm has a market capitalization of $18,630.00, a price-to-earnings ratio of 46.82, a PEG ratio of 2.17 and a beta of 0.83. IHS Markit has a 52-week low of $37.82 and a 52-week high of $49.19. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.53 and a current ratio of 0.53.
In other news, CFO Todd S. Hyatt sold 25,000 shares of the company’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $47.40, for a total transaction of $1,185,000.00. Following the transaction, the chief financial officer now directly owns 415,128 shares in the company, valued at $19,677,067.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Robert P. Kelly bought 10,000 shares of IHS Markit stock in a transaction dated Thursday, January 25th. The shares were bought at an average price of $48.69 per share, for a total transaction of $486,900.00. The disclosure for this purchase can be found here. Insiders have sold 208,562 shares of company stock worth $9,923,853 over the last quarter.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Zions Bancorporation bought a new stake in shares of IHS Markit during the third quarter worth approximately $126,000. Huntington National Bank bought a new stake in shares of IHS Markit during the third quarter worth approximately $173,000. Highstreet Asset Management Inc. bought a new stake in shares of IHS Markit during the third quarter worth approximately $205,000. Capital One National Association bought a new stake in shares of IHS Markit during the fourth quarter worth approximately $211,000. Finally, Tower Research Capital LLC TRC raised its stake in shares of IHS Markit by 779.8% during the fourth quarter. Tower Research Capital LLC TRC now owns 5,094 shares of the business services provider’s stock worth $230,000 after buying an additional 4,515 shares during the last quarter. 97.82% of the stock is owned by institutional investors and hedge funds.
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IHS Markit Company Profile
IHS Markit Ltd., formerly Markit Ltd., is a provider of critical information and analytics for the major industries, financial markets and governments. The Company operates through four segments: Resources, Transportation, Consolidated Markets & Solutions (CMS) and Financial Services. The Resources segment includes its energy and chemicals product offerings.
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