Wall Street brokerages expect IHS Markit Ltd (NASDAQ:INFO) to post earnings per share of $0.58 for the current quarter, Zacks Investment Research reports. Seven analysts have made estimates for IHS Markit’s earnings, with the lowest EPS estimate coming in at $0.56 and the highest estimate coming in at $0.59. IHS Markit posted earnings per share of $0.52 in the same quarter last year, which would suggest a positive year over year growth rate of 11.5%. The company is scheduled to report its next quarterly earnings report on Tuesday, January 15th.

According to Zacks, analysts expect that IHS Markit will report full year earnings of $2.27 per share for the current financial year, with EPS estimates ranging from $2.25 to $2.29. For the next year, analysts anticipate that the firm will report earnings of $2.55 per share, with EPS estimates ranging from $2.50 to $2.62. Zacks’ EPS calculations are an average based on a survey of research firms that that provide coverage for IHS Markit.

IHS Markit (NASDAQ:INFO) last announced its earnings results on Tuesday, September 25th. The business services provider reported $0.58 EPS for the quarter, topping the Zacks’ consensus estimate of $0.55 by $0.03. The business had revenue of $1 billion during the quarter, compared to the consensus estimate of $991.05 million. IHS Markit had a net margin of 16.03% and a return on equity of 9.68%. The firm’s revenue was up 10.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.57 earnings per share.

A number of equities analysts have commented on INFO shares. SunTrust Banks reiterated a “buy” rating and issued a $61.00 target price on shares of IHS Markit in a report 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 target price for the company in a report on Wednesday, June 27th. BidaskClub upgraded shares of IHS Markit from a “hold” rating to a “buy” rating in a report on Saturday, June 23rd. Finally, ValuEngine upgraded shares of IHS Markit from a “hold” rating to a “buy” rating in a report on Monday, July 2nd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and thirteen have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $57.14.

IHS Markit stock traded down $0.52 during trading hours on Wednesday, reaching $53.38. The stock had a trading volume of 3,074,036 shares, compared to its average volume of 1,889,502. The company has a market capitalization of $21.28 billion, a PE ratio of 31.77, a P/E/G ratio of 2.56 and a beta of 0.77. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.41 and a current ratio of 1.41. IHS Markit has a 52 week low of $42.40 and a 52 week high of $55.99.

In other news, Director William E. Ford sold 2,000,000 shares of the company’s stock in a transaction dated 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 owns 15,907 shares in the company, valued at $827,959.35. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Sari Beth Granat sold 25,000 shares of the company’s stock in a transaction dated 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 owns 30,580 shares in the company, valued at approximately $1,589,854.20. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 2,050,000 shares of company stock worth $106,724,750. Corporate insiders own 2.68% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Victory Capital Management Inc. boosted its position in IHS Markit by 143.1% in the first quarter. Victory Capital Management Inc. now owns 13,957 shares of the business services provider’s stock valued at $673,000 after buying an additional 8,216 shares during the last quarter. Korea Investment CORP boosted its position in IHS Markit by 42.0% in the first quarter. Korea Investment CORP now owns 4,730 shares of the business services provider’s stock valued at $228,000 after buying an additional 1,400 shares during the last quarter. Federated Investors Inc. PA boosted its position in IHS Markit by 379.4% in the first quarter. Federated Investors Inc. PA now owns 9,511 shares of the business services provider’s stock valued at $459,000 after buying an additional 7,527 shares during the last quarter. Toronto Dominion Bank boosted its position in IHS Markit by 22.2% in the first quarter. Toronto Dominion Bank now owns 203,419 shares of the business services provider’s stock valued at $9,810,000 after buying an additional 36,902 shares during the last quarter. Finally, Natixis Advisors L.P. boosted its position in IHS Markit by 43.4% in the first quarter. Natixis Advisors L.P. now owns 65,082 shares of the business services provider’s stock valued at $3,140,000 after buying an additional 19,710 shares during the last quarter. Hedge funds and other institutional investors own 97.03% of the company’s stock.

IHS Markit Company Profile

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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