IHS (NYSE:IHS) Releases Earnings Results, Misses Expectations By $0.16 EPS

by · The Cerbat Gem

IHS (NYSE:IHS – Get Free Report) announced its quarterly earnings data on Tuesday. The business services provider reported ($0.04) earnings per share for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.16), Zacks reports. The business had revenue of $428.60 million for the quarter, compared to analyst estimates of $442.72 million. IHS had a negative return on equity of 2,135.41% and a net margin of 8.17%.

IHS Trading Up 0.1%

Shares of IHS stock traded up $0.01 during mid-day trading on Thursday, reaching $8.34. The stock had a trading volume of 66,740 shares, compared to its average volume of 1,521,076. IHS has a 12-month low of $5.71 and a 12-month high of $8.95. The business has a 50-day simple moving average of $8.23 and a 200 day simple moving average of $8.21. The company has a market cap of $2.80 billion, a P/E ratio of 20.84 and a beta of 0.73.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of IHS in a report on Friday, August 7th. Two equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $8.80.

Read Our Latest Analysis on IHS

Hedge Funds Weigh In On IHS

Several hedge funds have recently added to or reduced their stakes in IHS. Mcguire Capital Advisors Inc. acquired a new stake in shares of IHS in the fourth quarter valued at approximately $27,000. Mackenzie Financial Corp lifted its stake in IHS by 154.4% in the 4th quarter. Mackenzie Financial Corp now owns 73,106 shares of the business services provider’s stock valued at $545,000 after buying an additional 44,365 shares in the last quarter. NewEdge Advisors LLC lifted its stake in IHS by 1,229.0% in the 4th quarter. NewEdge Advisors LLC now owns 18,672 shares of the business services provider’s stock valued at $139,000 after buying an additional 17,267 shares in the last quarter. Empowered Funds LLC acquired a new stake in IHS during the 4th quarter valued at $2,337,000. Finally, XTX Topco Ltd grew its holdings in IHS by 61.7% during the 4th quarter. XTX Topco Ltd now owns 57,472 shares of the business services provider’s stock valued at $429,000 after buying an additional 21,938 shares during the last quarter. 17.54% of the stock is currently owned by hedge funds and other institutional investors.

About IHS

(Get Free Report)

IHS Inc develops source of information, insight and analytics in different areas of business. The Company’s segments include Resources, Transportation and Consolidated Markets & Solutions. The Company’s Resources segment includes its Energy and Chemicals product offerings. Its Transportation segment includes its Automotive; Maritime & Trade, and Aerospace, Defense & Security product offerings. Its Consolidated Markets & Solutions segment includes its Product Design; Technology, Media & Telecom, and Economics & Country Risk product offerings.

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