IHS (NYSE:IHS – Get Free Report) released its earnings results on Monday. The business services provider reported ($0.02) earnings per share for the quarter, missing the consensus estimate of $0.30 by ($0.32), FiscalAI reports. IHS had a net margin of 8.17% and a negative return on equity of 832.09%. The firm had revenue of $490.50 million during the quarter, compared to the consensus estimate of $420.45 million.
IHS Stock Up 0.2%
Shares of IHS stock traded up $0.01 during trading on Tuesday, reaching $8.46. 386,726 shares of the company’s stock were exchanged, compared to its average volume of 1,319,150. IHS has a twelve month low of $5.71 and a twelve month high of $8.95. The firm’s fifty day moving average price is $8.44 and its 200-day moving average price is $8.27. The stock has a market capitalization of $2.86 billion, a PE ratio of 21.14 and a beta of 0.73.
Analyst Ratings Changes
Several research firms have recently weighed in on IHS. Wall Street Zen upgraded shares of IHS to a “hold” rating in a research note on Saturday, October 24th. Weiss Ratings upgraded shares of IHS from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, October 8th. Two investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, IHS presently has an average rating of “Hold” and a consensus price target of $8.80.
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About IHS
IHS Towers, formally IHS Holding Limited, is an independent owner and operator of shared telecommunications infrastructure. Founded in 2001, the company began in Nigeria and expanded into a multinational provider of infrastructure used by mobile network operators. Its assets and services include wireless communications towers, fiber-optic networks and other infrastructure that help telecom providers extend coverage and capacity. By sharing sites and related facilities among customers, IHS supports the deployment and operation of mobile networks.
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