Informa (LON:INF) Issues Quarterly Earnings Results

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Informa (LON:INF) announced its earnings results on Monday. The company reported GBX 5 ($0.07) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of GBX 0.80 ($0.01) by GBX 4.20 ($0.05), Digital Look Earnings reports.

Shares of LON INF opened at GBX 362 ($4.73) on Wednesday. The company has a market cap of $5.44 billion and a price-to-earnings ratio of 20.11. The company has a current ratio of 0.46, a quick ratio of 0.35 and a debt-to-equity ratio of 49.19. Informa has a 12 month low of GBX 3.84 ($0.05) and a 12 month high of GBX 875.40 ($11.44). The stock has a 50-day moving average price of GBX 400.66 and a two-hundred day moving average price of GBX 439.78.

INF has been the subject of several analyst reports. Morgan Stanley dropped their price objective on shares of Informa from GBX 665 ($8.69) to GBX 550 ($7.19) and set an “overweight” rating for the company in a research note on Wednesday, August 12th. Goldman Sachs Group cut their price target on Informa from GBX 515 ($6.73) to GBX 503 ($6.57) and set a “buy” rating for the company in a research note on Wednesday, July 15th. Peel Hunt reduced their price target on Informa from GBX 660 ($8.62) to GBX 630 ($8.23) and set an “add” rating on the stock in a research report on Wednesday, June 17th. JPMorgan Chase & Co. dropped their price objective on Informa from GBX 559 ($7.30) to GBX 528 ($6.90) and set an “overweight” rating for the company in a report on Wednesday, July 8th. Finally, Deutsche Bank reissued a “hold” rating and set a GBX 625 ($8.17) target price on shares of Informa in a report on Tuesday. Four investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of GBX 644.18 ($8.42).

In related news, insider John Rishton purchased 490 shares of the firm’s stock in a transaction that occurred on Thursday, July 2nd. The shares were bought at an average cost of GBX 470 ($6.14) per share, with a total value of £2,303 ($3,009.28).

About Informa

Informa plc engages in business intelligence, academic publishing, and knowledge and events businesses worldwide. The company operates through Academic Publishing, Business Intelligence, Global Exhibitions, and Knowledge & Networking segments. The Academic Publishing segment publishes academic books and journals in print and digital formats for university libraries and departments, specialist research institutions, and individuals in the areas of humanities and social sciences, science, technology, and medicine.

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