IHS Markit (INFO) Updates FY18 Earnings Guidance
IHS Markit (NASDAQ:INFO) updated its FY18 earnings guidance on Tuesday. The company provided earnings per share guidance of $2.25-2.27 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.28. The company issued revenue guidance of $4.0-4.02 billion, compared to the consensus revenue estimate of $4.01 billion.
A number of brokerages have recently weighed in on INFO. BidaskClub lowered shares of IHS Markit from a buy rating to a hold rating in a report on Tuesday, June 12th. ValuEngine lowered shares of IHS Markit from a buy rating to a hold rating in a report on Saturday, June 2nd. Zacks Investment Research upgraded shares of IHS Markit from a hold rating to a buy rating and set a $56.00 price target for the company in a report on Wednesday, June 27th. Morgan Stanley upped their price target on shares of IHS Markit from $44.00 to $47.00 and gave the company an underweight rating in a report on Wednesday, June 27th. Finally, Robert W. Baird upped their price target on shares of IHS Markit from $58.00 to $59.00 and gave the company an outperform rating in a report on Wednesday, June 27th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. The company currently has an average rating of Buy and an average target price of $55.77.
NASDAQ:INFO opened at $54.28 on Tuesday. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.41 and a quick ratio of 1.41. IHS Markit has a 52 week low of $42.40 and a 52 week high of $55.99. The firm has a market cap of $21.64 billion, a P/E ratio of 32.31, a PEG ratio of 2.60 and a beta of 0.77.
In other IHS Markit news, Director William E. Ford sold 2,000,000 shares of the company’s stock in a transaction 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 document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Sari Beth Granat sold 25,000 shares of the company’s stock in a transaction on Friday, June 29th. The stock was 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. Company insiders own 2.68% of the company’s stock.
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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