IHS Markit (NYSE:INFO) announced its quarterly earnings data on Tuesday. The business services provider reported $0.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.67 by $0.05, MarketWatch Earnings reports. IHS Markit had a return on equity of 11.07% and a net margin of 21.45%. The firm had revenue of $1.11 billion during the quarter, compared to analysts’ expectations of $1.11 billion. During the same period last year, the business posted $0.65 earnings per share. The company’s revenue for the quarter was down 1.2% compared to the same quarter last year.
INFO traded down $1.55 during trading on Thursday, hitting $83.90. The company’s stock had a trading volume of 3,080,618 shares, compared to its average volume of 3,505,157. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.55. IHS Markit has a twelve month low of $44.81 and a twelve month high of $101.45. The business’s fifty day simple moving average is $89.83 and its 200 day simple moving average is $83.37. The firm has a market capitalization of $33.42 billion, a price-to-earnings ratio of 36.63 and a beta of 1.05.
In other news, EVP Edouard Tavernier sold 889 shares of IHS Markit stock in a transaction that occurred on Tuesday, November 3rd. The stock was sold at an average price of $84.42, for a total value of $75,049.38. Following the sale, the executive vice president now directly owns 27,759 shares of the company’s stock, valued at $2,343,414.78. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.75% of the stock is currently owned by company insiders.
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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