IHS Markit (NYSE:INFO) Announces Earnings Results
IHS Markit (NYSE:INFO) issued its quarterly earnings data on Tuesday. The business services provider reported $0.72 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.67 by $0.05, MarketWatch Earnings reports. The business had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.11 billion. IHS Markit had a return on equity of 11.07% and a net margin of 21.45%. The business’s revenue was down 1.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.65 earnings per share.
Shares of IHS Markit stock opened at $85.45 on Thursday. The stock has a market capitalization of $34.04 billion, a P/E ratio of 37.31 and a beta of 1.08. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.55. The company has a 50-day simple moving average of $89.83 and a 200 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.
Several equities analysts have recently issued reports on the company. JPMorgan Chase & Co. boosted their price objective on IHS Markit from $75.00 to $79.00 and gave the stock a “neutral” rating in a research report on Wednesday, September 30th. Royal Bank of Canada cut IHS Markit from an “outperform” rating to a “sector perform” rating and boosted their target price for the stock from $90.00 to $100.00 in a report on Tuesday, December 1st. Bank of America boosted their target price on IHS Markit from $84.00 to $94.00 and gave the stock a “buy” rating in a report on Wednesday, September 30th. Argus cut IHS Markit from a “buy” rating to a “hold” rating in a report on Tuesday, December 1st. Finally, William Blair reaffirmed an “outperform” rating on shares of IHS Markit in a report on Wednesday, September 30th. Eight investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. IHS Markit has a consensus rating of “Buy” and an average price target of $83.44.
About IHS Markit
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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