Wall Street analysts forecast that IHS Markit Ltd (NASDAQ:INFO) will announce $0.55 earnings per share for the current fiscal quarter, Zacks reports. Eight analysts have made estimates for IHS Markit’s earnings, with estimates ranging from $0.52 to $0.57. IHS Markit reported earnings per share of $0.52 during the same quarter last year, which indicates a positive year-over-year growth rate of 5.8%. The business is scheduled to issue its next earnings report on Tuesday, January 15th.

According to Zacks, analysts expect that IHS Markit will report full year earnings of $2.27 per share for the current financial year, with EPS estimates ranging from $2.25 to $2.29. For the next fiscal year, analysts anticipate that the business will post earnings of $2.57 per share, with EPS estimates ranging from $2.53 to $2.63. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research analysts that that provide coverage for IHS Markit.

IHS Markit (NASDAQ:INFO) last announced its quarterly earnings data on Tuesday, September 25th. The business services provider reported $0.58 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.55 by $0.03. The company had revenue of $1 billion for the quarter, compared to the consensus estimate of $991.05 million. IHS Markit had a return on equity of 9.55% and a net margin of 14.57%. IHS Markit’s quarterly revenue was up 10.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.57 EPS.

INFO has been the topic of a number of recent research reports. Stifel Nicolaus increased their price target on IHS Markit from $54.00 to $57.00 and gave the stock a “hold” rating in a research report on Wednesday, September 26th. Wells Fargo & Co increased their price target on IHS Markit from $60.00 to $64.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 26th. BidaskClub downgraded IHS Markit from a “buy” rating to a “hold” rating in a research report on Friday, August 24th. Morgan Stanley set a $46.00 price target on IHS Markit and gave the stock a “sell” rating in a research report on Monday, October 15th. Finally, BMO Capital Markets increased their price target on IHS Markit from $57.00 to $60.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 4th. One analyst has rated the stock with a sell rating, six have given a hold rating and eleven have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $58.00.

Shares of IHS Markit stock opened at $52.91 on Wednesday. The firm has a market capitalization of $20.93 billion, a price-to-earnings ratio of 31.49, a price-to-earnings-growth ratio of 2.71 and a beta of 0.74. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.43 and a current ratio of 0.43. IHS Markit has a 52 week low of $42.55 and a 52 week high of $55.99.

In related news, CFO Todd S. Hyatt sold 14,517 shares of the company’s stock in a transaction on Monday, October 1st. The stock was sold at an average price of $54.01, for a total transaction of $784,063.17. Following the completion of the sale, the chief financial officer now directly owns 341,598 shares in the company, valued at approximately $18,449,707.98. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 2.68% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of INFO. Dimensional Fund Advisors LP lifted its stake in shares of IHS Markit by 4.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 160,789 shares of the business services provider’s stock worth $7,756,000 after purchasing an additional 6,828 shares during the last quarter. DnB Asset Management AS lifted its stake in shares of IHS Markit by 3.3% during the 2nd quarter. DnB Asset Management AS now owns 46,820 shares of the business services provider’s stock worth $2,415,000 after purchasing an additional 1,500 shares during the last quarter. IFM Investors Pty Ltd lifted its stake in shares of IHS Markit by 45.1% during the 2nd quarter. IFM Investors Pty Ltd now owns 17,922 shares of the business services provider’s stock worth $925,000 after purchasing an additional 5,571 shares during the last quarter. State of Alaska Department of Revenue lifted its stake in shares of IHS Markit by 11.0% during the 2nd quarter. State of Alaska Department of Revenue now owns 71,101 shares of the business services provider’s stock worth $3,667,000 after purchasing an additional 7,040 shares during the last quarter. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its stake in shares of IHS Markit by 7.0% during the 2nd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 124,054 shares of the business services provider’s stock worth $6,400,000 after purchasing an additional 8,155 shares during the last quarter. Hedge funds and other institutional investors own 96.22% 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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Earnings History and Estimates for IHS Markit (NASDAQ:INFO)

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