IHS Markit (NYSE:INFO) Issues FY 2020 Pre-Market Earnings Guidance

IHS Markit (NYSE:INFO) issued an update on its FY 2020
Pre-Market earnings guidance on Tuesday morning. The company provided EPS guidance of 2.82-2.88 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.86. The company issued revenue guidance of $4.52-4.59 billion, compared to the consensus revenue estimate of $4.58 billion.IHS Markit also updated its FY20 guidance to $2.82-2.88 EPS.

NYSE INFO traded down $1.26 on Tuesday, hitting $78.67. The stock had a trading volume of 596,264 shares, compared to its average volume of 1,486,552. The business’s fifty day moving average price is $74.84 and its 200 day moving average price is $68.78. The company has a debt-to-equity ratio of 0.61, a current ratio of 0.71 and a quick ratio of 0.71. IHS Markit has a 52-week low of $49.11 and a 52-week high of $79.96. The stock has a market cap of $31.38 billion, a price-to-earnings ratio of 39.73, a price-to-earnings-growth ratio of 2.73 and a beta of 0.79.

INFO has been the subject of several research reports. Royal Bank of Canada initiated coverage on shares of IHS Markit in a research note on Wednesday, December 11th. They set an outperform rating and a $84.00 price objective for the company. Jefferies Financial Group initiated coverage on shares of IHS Markit in a research note on Wednesday, November 27th. They set a hold rating and a $76.00 price objective for the company. UBS Group lifted their price objective on shares of IHS Markit from $63.00 to $69.00 and gave the stock a neutral rating in a research note on Wednesday, September 25th. ValuEngine downgraded shares of IHS Markit from a buy rating to a hold rating in a research note on Wednesday, October 2nd. Finally, Cantor Fitzgerald lifted their price objective on shares of IHS Markit from $59.00 to $65.00 in a research note on Wednesday, November 13th. One research analyst has rated the stock with a sell rating, five have given a hold rating and eleven have assigned a buy rating to the stock. The stock has an average rating of Buy and an average price target of $73.71.

In other news, CEO Lance Darrell Gordon Uggla sold 153,808 shares of the business’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $71.37, for a total transaction of $10,977,276.96. Following the completion of the sale, the chief executive officer now owns 424,158 shares of the company’s stock, valued at $30,272,156.46. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.11% of the stock is owned by 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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