Analysts Expect IHS Markit Ltd. (NYSE:INFO) Will Post Quarterly Sales of $1.14 Billion

Wall Street analysts expect that IHS Markit Ltd. (NYSE:INFO) will post sales of $1.14 billion for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for IHS Markit’s earnings. IHS Markit reported sales of $1.11 billion in the same quarter last year, which indicates a positive year over year growth rate of 2.7%. The business is expected to report its next earnings results on Wednesday, January 12th.

On average, analysts expect that IHS Markit will report full-year sales of $4.62 billion for the current year, with estimates ranging from $4.62 billion to $4.63 billion. For the next financial year, analysts anticipate that the business will report sales of $4.80 billion, with estimates ranging from $4.77 billion to $4.88 billion. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that cover IHS Markit.

IHS Markit (NYSE:INFO) last announced its earnings results on Monday, September 27th. The business services provider reported $0.85 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.83 by $0.02. The business had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.17 billion. IHS Markit had a return on equity of 11.91% and a net margin of 13.53%. The business’s quarterly revenue was up 10.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.65 EPS.

Several research analysts recently commented on INFO shares. Morgan Stanley increased their price objective on IHS Markit from $137.00 to $144.00 and gave the company an “overweight” rating in a research note on Wednesday, October 27th. Zacks Investment Research raised IHS Markit from a “hold” rating to a “buy” rating and set a $124.00 price objective for the company in a research note on Friday, October 1st. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $118.00.

NYSE INFO traded up $1.55 during mid-day trading on Thursday, hitting $129.78. The stock had a trading volume of 1,438,696 shares, compared to its average volume of 2,441,556. The firm’s 50 day moving average is $123.96 and its 200 day moving average is $117.01. IHS Markit has a twelve month low of $83.26 and a twelve month high of $132.35. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.30 and a quick ratio of 1.30. The stock has a market capitalization of $51.76 billion, a price-to-earnings ratio of 83.73 and a beta of 0.99.

The business also recently announced a quarterly dividend, which was paid on Friday, November 12th. Shareholders of record on Friday, October 29th were issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 0.62%. The ex-dividend date was Thursday, October 28th. IHS Markit’s payout ratio is currently 51.61%.

A number of large investors have recently modified their holdings of the business. American International Group Inc. grew its holdings in IHS Markit by 3.6% in the 3rd quarter. American International Group Inc. now owns 139,541 shares of the business services provider’s stock valued at $16,273,000 after buying an additional 4,857 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in shares of IHS Markit by 50.9% during the 3rd quarter. Bank of New York Mellon Corp now owns 4,977,402 shares of the business services provider’s stock worth $580,465,000 after purchasing an additional 1,679,794 shares during the period. Centiva Capital LP grew its holdings in shares of IHS Markit by 68.2% during the 3rd quarter. Centiva Capital LP now owns 60,001 shares of the business services provider’s stock worth $6,997,000 after purchasing an additional 24,334 shares during the period. Kentucky Retirement Systems Insurance Trust Fund purchased a new position in shares of IHS Markit during the 3rd quarter worth $1,183,000. Finally, Kentucky Retirement Systems grew its holdings in shares of IHS Markit by 4.1% during the 3rd quarter. Kentucky Retirement Systems now owns 22,704 shares of the business services provider’s stock worth $2,648,000 after purchasing an additional 890 shares during the period. Institutional investors own 87.22% of the company’s stock.

IHS Markit Company Profile

IHS Markit Ltd. engages in the provision of information, analytics, and solutions to customers in the business, finance, and government sectors. It operates through the following segments: Financial Services, Transportation, Resources, and Consolidated Markets and Solutions. The Financial Services segment consists of pricing and reference data, indices product portfolio, valuation, and research, sales, and trading activities.

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