IHS Markit (NASDAQ:INFO) posted its quarterly earnings data on Tuesday. The business services provider reported $0.58 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.55 by $0.03, MarketWatch Earnings reports. The firm had revenue of $1 billion during the quarter, compared to the consensus estimate of $991.05 million. IHS Markit had a net margin of 14.57% and a return on equity of 9.52%. The business’s revenue for the quarter was up 10.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.57 EPS. IHS Markit updated its FY18 guidance to $2.25-2.27 EPS.

Shares of NASDAQ:INFO opened at $53.38 on Thursday. The company has a market capitalization of $21.13 billion, a PE ratio of 31.77, a PEG ratio of 2.54 and a beta of 0.77. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.56. IHS Markit has a 12 month low of $42.40 and a 12 month high of $55.99.

In other news, Director William E. Ford sold 2,000,000 shares of the business’s stock in a transaction that occurred on Thursday, July 5th. The shares were sold at an average price of $52.05, for a total value of $104,100,000.00. Following the completion of the transaction, the director now directly owns 15,907 shares in the company, valued at approximately $827,959.35. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Sari Beth Granat sold 25,000 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the executive vice president now owns 30,580 shares of the company’s stock, valued at $1,589,854.20. The disclosure for this sale can be found here. Insiders sold a total of 2,050,000 shares of company stock valued at $106,724,750 over the last 90 days. Corporate insiders own 2.68% of the company’s stock.

A number of analysts have issued reports on the stock. BidaskClub downgraded shares of IHS Markit from a “buy” rating to a “hold” rating in a report on Thursday. SunTrust Banks boosted their price objective on shares of IHS Markit to $66.00 and gave the company a “buy” rating in a report on Wednesday. They noted that the move was a valuation call. Wells Fargo & Co boosted their price objective on shares of IHS Markit from $60.00 to $64.00 and gave the company an “outperform” rating in a report on Wednesday. Stifel Nicolaus boosted their price objective on shares of IHS Markit from $54.00 to $57.00 and gave the company a “hold” rating in a report on Wednesday. Finally, Zacks Investment Research raised shares of IHS Markit from a “hold” rating to a “buy” rating and set a $61.00 price objective for the company in a report on Tuesday. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and twelve have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $57.14.

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.

Featured Article: What is a stock split?

Earnings History for IHS Markit (NASDAQ:INFO)

Receive News & Ratings for IHS Markit Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for IHS Markit and related companies with MarketBeat.com's FREE daily email newsletter.