Equities research analysts expect IHS Markit (NASDAQ:INFO) to announce $961.07 million in sales for the current fiscal quarter, Zacks reports. Seven analysts have issued estimates for IHS Markit’s earnings. The highest sales estimate is $964.40 million and the lowest is $956.70 million. IHS Markit reported sales of $904.70 million in the same quarter last year, which indicates a positive year over year growth rate of 6.2%. The business is expected to report its next quarterly earnings report on Tuesday, September 25th.

On average, analysts expect that IHS Markit will report full-year sales of $3.90 billion for the current financial year, with estimates ranging from $3.89 billion to $3.91 billion. For the next year, analysts anticipate that the company will report sales of $4.13 billion per share, with estimates ranging from $4.10 billion to $4.15 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that that provide coverage for IHS Markit.

IHS Markit (NASDAQ:INFO) last posted its earnings results on Tuesday, June 26th. The business services provider reported $0.61 EPS for the quarter, beating the Zacks’ consensus estimate of $0.57 by $0.04. IHS Markit had a net margin of 16.03% and a return on equity of 9.68%. The company had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $974.12 million. During the same quarter in the prior year, the company posted $0.52 earnings per share. IHS Markit’s revenue for the quarter was up 11.3% compared to the same quarter last year.

A number of analysts have recently weighed in on the stock. Morgan Stanley increased their price objective on shares of IHS Markit from $44.00 to $47.00 and gave the stock an “underweight” rating in a research note on Wednesday, June 27th. Robert W. Baird increased their price objective on shares of IHS Markit from $58.00 to $59.00 and gave the stock an “outperform” rating in a research note on Wednesday, June 27th. SunTrust Banks reiterated a “buy” rating and issued a $61.00 price objective on shares of IHS Markit in a research note on Wednesday, June 27th. Zacks Investment Research upgraded shares of IHS Markit from a “hold” rating to a “buy” rating and set a $56.00 price objective on the stock in a research note on Wednesday, June 27th. Finally, BMO Capital Markets increased their price objective on shares of IHS Markit to $57.00 in a research note on Tuesday, May 15th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and twelve have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $55.38.

In other IHS Markit news, EVP Sari Beth Granat sold 25,000 shares of the stock in a transaction on Friday, June 29th. The shares were sold at an average price of $51.99, for a total transaction of $1,299,750.00. Following the transaction, the executive vice president now directly owns 30,580 shares of the company’s stock, valued at $1,589,854.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director William E. Ford sold 2,000,000 shares of the stock in a transaction on Thursday, July 5th. The shares were sold at an average price of $52.05, for a total transaction of $104,100,000.00. Following the transaction, the director now directly owns 15,907 shares in the company, valued at $827,959.35. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 2,050,000 shares of company stock worth $106,724,750. Insiders own 2.68% of the company’s stock.

Several large investors have recently bought and sold shares of the company. Russell Investments Group Ltd. raised its stake in IHS Markit by 0.5% during the first quarter. Russell Investments Group Ltd. now owns 1,725,746 shares of the business services provider’s stock worth $83,141,000 after purchasing an additional 9,043 shares during the period. Unigestion Holding SA purchased a new position in IHS Markit during the second quarter worth about $47,358,000. Blair William & Co. IL raised its stake in IHS Markit by 11.3% during the first quarter. Blair William & Co. IL now owns 184,249 shares of the business services provider’s stock worth $8,888,000 after purchasing an additional 18,673 shares during the period. Schwab Charles Investment Management Inc. raised its stake in IHS Markit by 3.4% during the first quarter. Schwab Charles Investment Management Inc. now owns 1,414,187 shares of the business services provider’s stock worth $68,221,000 after purchasing an additional 47,050 shares during the period. Finally, Toronto Dominion Bank raised its stake in IHS Markit by 22.2% during the first quarter. Toronto Dominion Bank now owns 203,419 shares of the business services provider’s stock worth $9,810,000 after purchasing an additional 36,902 shares during the period. 96.45% of the stock is currently owned by hedge funds and other institutional investors.

IHS Markit stock traded down $0.40 during mid-day trading on Wednesday, reaching $53.79. 779,102 shares of the company traded hands, compared to its average volume of 1,135,250. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.56. IHS Markit has a fifty-two week low of $42.40 and a fifty-two week high of $54.41. The firm has a market capitalization of $21.11 billion, a price-to-earnings ratio of 32.02, a PEG ratio of 2.46 and a beta of 0.76.

About IHS Markit

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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