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 $2.23-2.27 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.21. The company issued revenue guidance of $3.80-3.85 billion, compared to the consensus revenue estimate of $3.80 billion.

A number of research firms have weighed in on INFO. Zacks Investment Research upgraded IHS Markit from a hold rating to a buy rating and set a $50.00 price objective for the company in a research note on Wednesday, December 6th. Goldman Sachs Group began coverage on IHS Markit in a research note on Wednesday, November 8th. They set a buy rating and a $55.00 price objective for the company. SunTrust Banks reiterated a buy rating and set a $54.00 price objective on shares of IHS Markit in a research note on Wednesday. Cantor Fitzgerald reiterated a hold rating and set a $45.00 price objective on shares of IHS Markit in a research note on Tuesday, September 26th. Finally, UBS Group reduced their price objective on IHS Markit from $45.00 to $44.00 and set a neutral rating for the company in a research note on Friday, November 17th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of Buy and a consensus target price of $48.50.

IHS Markit (INFO) opened at $47.99 on Wednesday. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 0.44. IHS Markit has a 52 week low of $37.03 and a 52 week high of $48.53. The firm has a market capitalization of $19,087.04, a PE ratio of 49.99, a P/E/G ratio of 2.28 and a beta of 0.83.

IHS Markit (NASDAQ:INFO) last posted its quarterly earnings data on Tuesday, January 16th. The business services provider reported $0.52 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.51 by $0.01. IHS Markit had a return on equity of 8.79% and a net margin of 11.35%. The company had revenue of $944.70 million during the quarter, compared to analyst estimates of $912.65 million. During the same period in the previous year, the business earned $0.48 EPS. IHS Markit’s quarterly revenue was up 8.1% on a year-over-year basis. research analysts forecast that IHS Markit will post 1.57 earnings per share for the current year.

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IHS Markit Company Profile

IHS Markit Ltd., formerly Markit Ltd., is a provider of critical information and analytics for the major industries, financial markets and governments. The Company operates through four segments: Resources, Transportation, Consolidated Markets & Solutions (CMS) and Financial Services. The Resources segment includes its energy and chemicals product offerings.

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