Piper Jaffray Companies Equities Analysts Lower Earnings Estimates for IHS Markit Ltd (INFO)

IHS Markit Ltd (NASDAQ:INFO) – Equities research analysts at Piper Jaffray Companies cut their Q2 2019 earnings estimates for IHS Markit in a report released on Tuesday, January 15th. Piper Jaffray Companies analyst P. Appert now expects that the business services provider will post earnings per share of $0.55 for the quarter, down from their previous forecast of $0.57.

IHS Markit (NASDAQ:INFO) last released its quarterly earnings data on Tuesday, January 15th. The business services provider reported $0.57 earnings per share for the quarter, topping analysts’ consensus estimates of $0.45 by $0.12. IHS Markit had a net margin of 13.53% and a return on equity of 9.58%. The company had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $1.08 billion. During the same quarter last year, the company earned $0.52 earnings per share. The firm’s revenue for the quarter was up 13.0% on a year-over-year basis.

A number of other analysts have also recently weighed in on the stock. Zacks Investment Research raised shares of IHS Markit from a “sell” rating to a “hold” rating in a report on Friday. BMO Capital Markets lowered their target price on shares of IHS Markit to $58.00 and set an “outperform” rating on the stock in a research report on Wednesday. SunTrust Banks lowered their target price on shares of IHS Markit to $62.00 and set a “buy” rating on the stock in a research report on Wednesday. They noted that the move was a valuation call. Cantor Fitzgerald restated a “hold” rating and set a $51.00 target price on shares of IHS Markit in a research report on Tuesday, January 15th. Finally, Morgan Stanley set a $45.00 target price on shares of IHS Markit and gave the stock a “sell” rating in a research report on Tuesday, January 8th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and twelve have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $57.93.

INFO stock opened at $51.61 on Friday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.43 and a current ratio of 0.47. IHS Markit has a twelve month low of $43.07 and a twelve month high of $55.99. The company has a market cap of $20.26 billion, a price-to-earnings ratio of 26.07, a P/E/G ratio of 2.28 and a beta of 0.81.

Several large investors have recently modified their holdings of INFO. First Hawaiian Bank raised its position in shares of IHS Markit by 56.1% during the 4th quarter. First Hawaiian Bank now owns 2,705 shares of the business services provider’s stock valued at $130,000 after acquiring an additional 972 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of IHS Markit by 0.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 161,883 shares of the business services provider’s stock valued at $8,352,000 after acquiring an additional 1,094 shares in the last quarter. Wetherby Asset Management Inc. raised its position in shares of IHS Markit by 27.8% during the 3rd quarter. Wetherby Asset Management Inc. now owns 5,158 shares of the business services provider’s stock valued at $278,000 after acquiring an additional 1,121 shares in the last quarter. FDx Advisors Inc. raised its position in shares of IHS Markit by 7.3% during the 3rd quarter. FDx Advisors Inc. now owns 16,938 shares of the business services provider’s stock valued at $914,000 after acquiring an additional 1,150 shares in the last quarter. Finally, LPL Financial LLC raised its position in shares of IHS Markit by 12.8% during the 3rd quarter. LPL Financial LLC now owns 10,429 shares of the business services provider’s stock valued at $563,000 after acquiring an additional 1,187 shares in the last quarter. Institutional investors and hedge funds own 96.20% 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.

Further Reading: Balance Sheet

Earnings History and Estimates for IHS Markit (NASDAQ:INFO)

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