IHS Markit (NYSE:INFO) updated its FY 2021
Pre-Market earnings guidance on Wednesday. The company provided EPS guidance of 3.11-3.16 for the period, compared to the Thomson Reuters consensus EPS estimate of $3.18. The company issued revenue guidance of $4.535-4.635 billion, compared to the consensus revenue estimate of $4.58 billion.

A number of equities research analysts have recently commented on the company. Bank of America lifted their target price on IHS Markit from $84.00 to $94.00 and gave the stock a buy rating in a research note on Wednesday, September 30th. Truist cut IHS Markit from a buy rating to a hold rating and set a $100.00 target price on the stock. in a research note on Tuesday, December 1st. Argus cut IHS Markit from a buy rating to a hold rating in a research note on Tuesday, December 1st. Royal Bank of Canada cut IHS Markit from an outperform rating to a sector perform rating and boosted their price objective for the company from $90.00 to $100.00 in a research note on Tuesday, December 1st. Finally, Morgan Stanley boosted their price objective on IHS Markit from $78.00 to $79.00 and gave the company an equal weight rating in a research note on Tuesday, October 20th. Eight equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The stock has a consensus rating of Buy and a consensus target price of $83.44.

Shares of NYSE INFO opened at $85.45 on Thursday. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.55. The business has a fifty day simple moving average of $89.83 and a two-hundred day simple moving average of $83.37. The firm has a market cap of $34.04 billion, a PE ratio of 37.31 and a beta of 1.08. IHS Markit has a twelve month low of $44.81 and a twelve month high of $101.45.

IHS Markit (NYSE:INFO) last issued its earnings results on Tuesday, January 12th. The business services provider reported $0.72 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.67 by $0.05. The business had revenue of $1.11 billion during the quarter, compared to analyst estimates of $1.11 billion. IHS Markit had a return on equity of 11.07% and a net margin of 21.45%. IHS Markit’s revenue was down 1.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.65 EPS. On average, research analysts expect that IHS Markit will post 2.23 earnings per share for the current year.

In other IHS Markit news, EVP Edouard Tavernier sold 889 shares of IHS Markit stock in a transaction on Tuesday, November 3rd. The stock was sold at an average price of $84.42, for a total transaction of $75,049.38. Following the completion of the sale, the executive vice president now directly owns 27,759 shares of the company’s stock, valued at approximately $2,343,414.78. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.75% of the company’s stock.

About IHS Markit

IHS Markit Ltd. provides critical information, analytics, and solutions for various industries and markets worldwide. The company's information, analytics, and solutions enhance operational efficiency and offer deep insights for customers in business, finance, and government. Its Financial Services segment offers pricing and reference data, indices, valuation and trading services, trade processing, enterprise software, and managed services to traders, portfolio managers, risk managers, research professionals, and other financial market participants, as well as operations, compliance, and enterprise data managers.

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