Wall Street analysts expect IHS Markit Ltd (NASDAQ:INFO) to announce earnings per share (EPS) of $0.65 for the current quarter, according to Zacks Investment Research. Eight analysts have issued estimates for IHS Markit’s earnings, with the lowest EPS estimate coming in at $0.64 and the highest estimate coming in at $0.66. IHS Markit reported earnings per share of $0.61 during the same quarter last year, which suggests a positive year-over-year growth rate of 6.6%. The business is expected to issue its next quarterly earnings results on Tuesday, June 25th.

According to Zacks, analysts expect that IHS Markit will report full-year earnings of $2.55 per share for the current fiscal year, with EPS estimates ranging from $2.48 to $2.57. For the next fiscal year, analysts forecast that the firm will report earnings of $2.88 per share, with EPS estimates ranging from $2.83 to $2.94. Zacks Investment Research’s EPS calculations are an average based on a survey of analysts that follow IHS Markit.

IHS Markit (NASDAQ:INFO) last posted its quarterly earnings data on Tuesday, March 26th. The business services provider reported $0.60 EPS for the quarter, topping the consensus estimate of $0.45 by $0.15. The company had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.06 billion. IHS Markit had a net margin of 9.96% and a return on equity of 9.80%. IHS Markit’s quarterly revenue was up 12.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.53 earnings per share.

Several research firms have commented on INFO. BidaskClub raised shares of IHS Markit from a “hold” rating to a “buy” rating in a research note on Thursday, April 25th. Piper Jaffray Companies lifted their price objective on shares of IHS Markit from $61.00 to $64.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 2nd. Zacks Investment Research lowered shares of IHS Markit from a “buy” rating to a “hold” rating in a research note on Friday, March 29th. Morgan Stanley lifted their price objective on shares of IHS Markit from $45.00 to $46.00 and gave the stock an “underweight” rating in a research note on Wednesday, March 27th. Finally, UBS Group lifted their price objective on shares of IHS Markit from $53.00 to $56.00 and gave the stock a “neutral” rating in a research note on Tuesday, March 12th. One research analyst has rated the stock with a sell rating, five have given a hold rating and eleven have issued a buy rating to the company’s stock. IHS Markit presently has an average rating of “Buy” and an average target price of $58.86.

In other news, CEO Lance Darrell Gordon Uggla sold 30,000 shares of the business’s stock in a transaction on Monday, May 13th. The shares were sold at an average price of $54.50, for a total transaction of $1,635,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Todd S. Hyatt sold 40,000 shares of the business’s stock in a transaction on Thursday, May 2nd. The shares were sold at an average price of $56.24, for a total transaction of $2,249,600.00. Following the sale, the chief financial officer now directly owns 243,083 shares of the company’s stock, valued at $13,670,987.92. The disclosure for this sale can be found here. 1.11% of the stock is currently owned by insiders.

A number of large investors have recently added to or reduced their stakes in the stock. Financial Gravity Companies Inc. purchased a new stake in IHS Markit in the fourth quarter valued at approximately $27,000. Sontag Advisory LLC acquired a new position in IHS Markit in the 4th quarter valued at $29,000. Avestar Capital LLC raised its stake in IHS Markit by 10,250.0% in the 4th quarter. Avestar Capital LLC now owns 1,035 shares of the business services provider’s stock valued at $31,000 after purchasing an additional 1,025 shares during the last quarter. YorkBridge Wealth Partners LLC acquired a new position in IHS Markit in the 4th quarter valued at $37,000. Finally, CWM LLC raised its stake in IHS Markit by 48.3% in the 1st quarter. CWM LLC now owns 688 shares of the business services provider’s stock valued at $37,000 after purchasing an additional 224 shares during the last quarter. 97.29% of the stock is owned by institutional investors.

NASDAQ INFO traded up $1.55 on Thursday, hitting $57.69. 1,649,317 shares of the stock were exchanged, compared to its average volume of 1,792,808. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 0.61. The firm has a market capitalization of $21.84 billion, a price-to-earnings ratio of 29.14, a PEG ratio of 2.41 and a beta of 0.83. IHS Markit has a 52-week low of $44.52 and a 52-week high of $58.17.

About IHS Markit

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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