IHS Markit Reports Fourth Quarter 2019 Results
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IHS Markit (INFO) PT Raised to $90 at Canaccord Genuity
January 15, 2020 8:48 AM ESTCanaccord Genuity analyst Joseph Vafi raised the price target on IHS Markit (NASDAQ: INFO) to $90.00 (from $78.00) while maintaining a Buy rating following strong results.
The analyst commented, "IHS finished the year on a strong note. Q4 results once again underscored the... More
IHS Markit (INFO) Tops Q4 EPS by 4c; Offers FY20 EPS/Revenue Guidance
January 14, 2020 6:03 AM ESTIHS Markit (NASDAQ: INFO) reported Q4 EPS of $0.65, $0.04 better than the analyst estimate of $0.61. Revenue for the quarter came in at $1.12 billion versus the consensus estimate of $1.12 billion.
Revenue of $1.120 billion, including total organic revenue growth of 6 percentNet income of $202 million and diluted earnings per share (EPS) of $0.50Adjusted EBITDA of $453 million and Adjusted earnings per diluted share (Adjusted EPS) of $0.65Cash flow from operations of $226 million and free cash flow of $148 million2019 was another successful year for IHS Markit. We delivered our third consecutive year post merger... More
