IHS Markit (NASDAQ:INFO) issued an update on its FY 2018 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $2.25-2.27 for the period, compared to the Thomson Reuters consensus estimate of $2.27. The company issued revenue guidance of $4-4.02 billion, compared to the consensus revenue estimate of $4.01 billion.IHS Markit also updated its FY 2019 guidance to $2.52-2.57 EPS.
INFO opened at $52.91 on Friday. The firm has a market capitalization of $20.93 billion, a P/E ratio of 31.49, a P/E/G ratio of 2.71 and a beta of 0.74. IHS Markit has a 12 month low of $42.55 and a 12 month high of $55.99. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 0.62.
IHS Markit (NASDAQ:INFO) last posted its quarterly earnings data on Tuesday, September 25th. The business services provider reported $0.58 EPS for the quarter, beating the consensus estimate of $0.55 by $0.03. The business had revenue of $1 billion for the quarter, compared to analysts’ expectations of $991.05 million. IHS Markit had a net margin of 14.57% and a return on equity of 9.55%. The firm’s revenue was up 10.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.57 EPS. As a group, equities analysts forecast that IHS Markit will post 1.82 EPS for the current year.
In other IHS Markit news, CFO Todd S. Hyatt sold 14,517 shares of the business’s stock in a transaction dated Monday, October 1st. The shares were sold at an average price of $54.01, for a total transaction of $784,063.17. Following the sale, the chief financial officer now directly owns 341,598 shares of the company’s stock, valued at approximately $18,449,707.98. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 2.68% 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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