Wall Street analysts predict that IHS Markit Ltd (NASDAQ:INFO) will report $906.64 million in sales for the current fiscal quarter, Zacks reports. Six analysts have issued estimates for IHS Markit’s earnings, with estimates ranging from $899.50 million to $922.70 million. IHS Markit reported sales of $844.20 million during the same quarter last year, which indicates a positive year-over-year growth rate of 7.4%. The company is expected to issue its next earnings report on Tuesday, March 27th.
According to Zacks, analysts expect that IHS Markit will report full-year sales of $906.64 million for the current year, with estimates ranging from $3.60 billion to $3.88 billion. For the next financial year, analysts expect that the firm will report sales of $4.04 billion per share, with estimates ranging from $3.84 billion to $4.13 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that cover IHS Markit.
IHS Markit (NASDAQ:INFO) last released its quarterly earnings results on Tuesday, January 16th. The business services provider reported $0.52 EPS for the quarter, beating the Zacks’ consensus estimate of $0.42 by $0.10. The firm had revenue of $944.70 million for the quarter, compared to analyst estimates of $912.65 million. IHS Markit had a net margin of 11.58% and a return on equity of 8.98%. The company’s revenue for the quarter was up 8.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.48 earnings per share.
IHS Markit (NASDAQ INFO) traded up $0.37 during trading hours on Friday, reaching $46.82. 1,764,005 shares of the company’s stock were exchanged, compared to its average volume of 2,310,000. The firm has a market capitalization of $18,630.00, a price-to-earnings ratio of 46.82, a PEG ratio of 2.17 and a beta of 0.83. IHS Markit has a 52-week low of $37.82 and a 52-week high of $49.19. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.53 and a current ratio of 0.53.
In other news, CFO Todd S. Hyatt sold 25,000 shares of the company’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $47.40, for a total transaction of $1,185,000.00. Following the transaction, the chief financial officer now directly owns 415,128 shares in the company, valued at $19,677,067.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Robert P. Kelly bought 10,000 shares of IHS Markit stock in a transaction dated Thursday, January 25th. The shares were bought at an average price of $48.69 per share, for a total transaction of $486,900.00. The disclosure for this purchase can be found here. Insiders have sold 208,562 shares of company stock worth $9,923,853 over the last quarter.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Zions Bancorporation bought a new stake in shares of IHS Markit during the third quarter worth approximately $126,000. Huntington National Bank bought a new stake in shares of IHS Markit during the third quarter worth approximately $173,000. Highstreet Asset Management Inc. bought a new stake in shares of IHS Markit during the third quarter worth approximately $205,000. Capital One National Association bought a new stake in shares of IHS Markit during the fourth quarter worth approximately $211,000. Finally, Tower Research Capital LLC TRC raised its stake in shares of IHS Markit by 779.8% during the fourth quarter. Tower Research Capital LLC TRC now owns 5,094 shares of the business services provider’s stock worth $230,000 after buying an additional 4,515 shares during the last quarter. 97.82% of the stock is owned by institutional investors and hedge funds.
COPYRIGHT VIOLATION NOTICE: This piece of content was first reported by Community Financial News and is owned by of Community Financial News. If you are reading this piece of content on another publication, it was stolen and reposted in violation of US and international trademark and copyright legislation. The correct version of this piece of content can be viewed at https://www.com-unik.info/2018/02/22/ihs-markit-ltd-info-expected-to-post-quarterly-sales-of-906-64-million.html.
IHS Markit Company Profile
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for IHS Markit Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for IHS Markit and related companies with MarketBeat.com's FREE daily email newsletter.