McGraw Hill Financial to Acquire SNL Financial
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Piper Jaffray Cuts Price Target on McGraw Hill Financial (MHFI) to $114 Following 2Q EPS Beat
July 28, 2015 9:05 AM EDTPiper Jaffray maintains an Overweight rating on McGraw Hill Financial (NYSE: MHFI), and cut the price target to $114.00 (from $117.00), following 2Q earnings. EPS of $1.21 beat consensus estimates on $1.13.
Despite the short-term dilution, Analyst Peter Appert likes the strategic fit of SNL and believes... More
McGraw Hill Financial (MHFI) PT Trimmed to $111 at FBR Capital on 'Pricey' Acqusition
July 27, 2015 3:50 PM EDTFBR Capital analyst William Bird trimmed his price target on Outperform-rated McGraw Hill Financial (NYSE: MHFI) to $111.00 (from $115.00), saying the "pricey" deal for SNL Financial upstaged a solid quarter.
Bird commented, "The shares of MHFI have sold off sharply on the pricey... More
McGraw Hill Financial (MHFI) Tops Q2 EPS by 14c
July 27, 2015 7:33 AM EDTMcGraw Hill Financial (NYSE: MHFI) reported Q2 EPS of $1.28, $0.14 better than the analyst estimate of $1.14. Revenue for the quarter came in at $1.34 billion versus the consensus estimate of $1.36 billion.
For earnings history and earnings-related data on McGraw Hill Financial (MHFI) click here.
... MoreMcGraw Hill Financial (MHFI) to Acquire SNL Financial in ~$2.23B Deal
July 27, 2015 7:32 AM EDTMcGraw Hill Financial (NYSE: MHFI) announced that it has signed a definitive agreement to acquire SNL Financial for approximately $2.225 billion in cash. The economic impact to McGraw Hill Financial will be partially offset by tax benefits with an estimated present value of approximately $550 million resulting from the transaction. SNL is privately held by an affiliate of New Mountain Capital LLC and current and former members of SNL management.
SNL's deep product experience and rich sets of data, analytics and research in areas such as real estate and media strongly complement... More
