IHS Markit (NASDAQ:INFO) updated its FY18 earnings guidance on Tuesday. The company provided earnings per share guidance of $2.25-2.27 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.28. The company issued revenue guidance of $4.0-4.02 billion, compared to the consensus revenue estimate of $4.01 billion.
Shares of NASDAQ:INFO opened at $54.28 on Tuesday. The company has a market capitalization of $21.64 billion, a P/E ratio of 32.31, a P/E/G ratio of 2.60 and a beta of 0.77. The company has a quick ratio of 1.41, a current ratio of 1.41 and a debt-to-equity ratio of 0.56. IHS Markit has a one year low of $42.40 and a one year high of $55.99.
IHS Markit (NASDAQ:INFO) last issued its quarterly earnings data on Tuesday, June 26th. The business services provider reported $0.61 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.57 by $0.04. The business had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $974.12 million. IHS Markit had a net margin of 16.03% and a return on equity of 9.68%. The firm’s revenue was up 11.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.52 EPS. research analysts forecast that IHS Markit will post 1.85 earnings per share for the current fiscal year.
In other IHS Markit news, EVP Sari Beth Granat sold 25,000 shares of the business’s stock in a transaction that occurred on Friday, June 29th. The shares were sold at an average price of $51.99, for a total value of $1,299,750.00. Following the completion of the transaction, the executive vice president now owns 30,580 shares of the company’s stock, valued at approximately $1,589,854.20. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director William E. Ford sold 2,000,000 shares of the business’s stock in a transaction that occurred on Thursday, July 5th. The stock was sold at an average price of $52.05, for a total transaction of $104,100,000.00. Following the completion of the transaction, the director now directly owns 15,907 shares of the company’s stock, valued at approximately $827,959.35. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 2,050,000 shares of company stock valued at $106,724,750. 2.68% of the stock is owned by corporate insiders.
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.
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