IHS Markit (INFO) Releases FY 2018 Earnings Guidance

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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.

Several equities research analysts recently commented on INFO shares. SunTrust Banks boosted their price objective on shares of IHS Markit to $66.00 and gave the company a buy rating in a research report on Wednesday, September 26th. They noted that the move was a valuation call. Zacks Investment Research raised shares of IHS Markit from a hold rating to a buy rating and set a $61.00 price objective on the stock in a research report on Tuesday, September 25th. BidaskClub raised shares of IHS Markit from a hold rating to a buy rating in a research report on Wednesday, September 5th. Bank of America assumed coverage on shares of IHS Markit in a research report on Tuesday, October 23rd. They set a buy rating and a $63.00 price target on the stock. Finally, Stifel Nicolaus boosted their price target on shares of IHS Markit from $54.00 to $57.00 and gave the stock a hold rating in a research report on Wednesday, September 26th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and eleven have given a buy rating to the company. The company has an average rating of Buy and a consensus target price of $58.00.

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.

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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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