Analysts Expect IHS Markit Ltd (INFO) to Post $0.49 EPS

Wall Street brokerages expect IHS Markit Ltd (NASDAQ:INFO) to post earnings per share of $0.49 for the current quarter, according to Zacks Investment Research. Six analysts have issued estimates for IHS Markit’s earnings, with estimates ranging from $0.45 to $0.52. IHS Markit posted earnings per share of $0.45 in the same quarter last year, which indicates a positive year over year growth rate of 8.9%. The business is expected to issue its next quarterly earnings report before the market opens on Tuesday, March 27th.

According to Zacks, analysts expect that IHS Markit will report full year earnings of $2.26 per share for the current financial year, with EPS estimates ranging from $2.24 to $2.28. For the next financial year, analysts forecast that the business will report earnings of $2.56 per share, with EPS estimates ranging from $2.49 to $2.61. Zacks’ earnings per share averages are a mean average based on a survey of analysts that that provide coverage for IHS Markit.

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IHS Markit (NASDAQ:INFO) last announced its quarterly earnings data on Tuesday, January 16th. The business services provider reported $0.52 earnings per share for the quarter, beating the consensus estimate of $0.42 by $0.10. IHS Markit had a return on equity of 8.98% and a net margin of 11.58%. The business had revenue of $944.70 million during the quarter, compared to analyst estimates of $912.65 million. During the same period in the prior year, the company earned $0.48 earnings per share. IHS Markit’s revenue was up 8.1% compared to the same quarter last year.

Several equities analysts have weighed in on INFO shares. Zacks Investment Research raised IHS Markit from a “hold” rating to a “buy” rating and set a $50.00 price objective for the company in a report on Wednesday, December 6th. SunTrust Banks raised IHS Markit from a “hold” rating to a “buy” rating in a report on Tuesday, November 28th. Royal Bank of Canada reaffirmed a “buy” rating and issued a $52.00 price target on shares of IHS Markit in a report on Wednesday, December 20th. Stifel Nicolaus reaffirmed a “hold” rating on shares of IHS Markit in a report on Tuesday, January 16th. Finally, Piper Jaffray Companies reaffirmed a “buy” rating and issued a $54.00 price target on shares of IHS Markit in a report on Wednesday, January 17th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $49.43.

INFO stock opened at $49.10 on Wednesday. IHS Markit has a twelve month low of $37.82 and a twelve month high of $49.49. The firm has a market capitalization of $19,487.26, a price-to-earnings ratio of 48.61, a price-to-earnings-growth ratio of 2.27 and a beta of 0.82. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 0.45.

In related news, insider Michael M. Easton sold 12,167 shares of IHS Markit stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $47.46, for a total transaction of $577,445.82. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Todd S. Hyatt sold 25,000 shares of IHS Markit stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $47.40, for a total value of $1,185,000.00. Following the sale, the chief financial officer now directly owns 415,128 shares of the company’s stock, valued at approximately $19,677,067.20. The disclosure for this sale can be found here. Insiders sold 208,562 shares of company stock valued at $9,923,853 over the last ninety days. Corporate insiders own 2.68% of the company’s stock.

Large investors have recently bought and sold shares of the stock. Bank of New York Mellon Corp boosted its stake in IHS Markit by 8.3% during the third quarter. Bank of New York Mellon Corp now owns 2,442,648 shares of the business services provider’s stock valued at $107,672,000 after buying an additional 188,205 shares during the period. AMP Capital Investors Ltd boosted its stake in IHS Markit by 18.8% during the third quarter. AMP Capital Investors Ltd now owns 212,779 shares of the business services provider’s stock valued at $9,378,000 after buying an additional 33,707 shares during the period. Wells Fargo & Company MN boosted its stake in IHS Markit by 9.8% during the third quarter. Wells Fargo & Company MN now owns 1,711,571 shares of the business services provider’s stock valued at $75,446,000 after buying an additional 152,419 shares during the period. American International Group Inc. boosted its stake in IHS Markit by 27.7% during the fourth quarter. American International Group Inc. now owns 156,617 shares of the business services provider’s stock valued at $7,071,000 after buying an additional 33,997 shares during the period. Finally, Westfield Capital Management Co. LP boosted its stake in IHS Markit by 11.1% during the third quarter. Westfield Capital Management Co. LP now owns 1,388,272 shares of the business services provider’s stock valued at $61,195,000 after buying an additional 139,182 shares during the period. 97.13% of the stock is owned by institutional investors.

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About IHS Markit

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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