IHS (NYSE:IHS) Releases Earnings Results, Misses Expectations By $0.15 EPS

Key Points

• IHS missed quarterly earnings expectations: The company reported a loss of $0.03 per share, $0.15 below the $0.12 consensus estimate, while revenue of $428.6 million also fell short of the expected $442.72 million.
• Shares edged higher by 0.3% to $8.32 during Tuesday trading, near the stock’s 50-day and 200-day moving averages. IHS has a market capitalization of approximately $2.79 billion.
• Analysts maintain a consensus “Hold” rating with a target price of $8.38; institutional investors and hedge funds own 17.54% of the company’s shares.

IHS (NYSE:IHS - Get Free Report) posted its quarterly earnings data on Tuesday. The business services provider reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.15), FiscalAI reports. The firm had revenue of $428.60 million during the quarter, compared to analysts' expectations of $442.72 million. IHS had a net margin of 10.74% and a negative return on equity of 1,351.44%.

IHS Trading Up 0.3%

IHS traded up $0.03 during midday trading on Tuesday, reaching $8.32. The company's stock had a trading volume of 34,959 shares, compared to its average volume of 1,531,776. The company has a fifty day simple moving average of $8.23 and a 200 day simple moving average of $8.20. The stock has a market cap of $2.79 billion, a P/E ratio of 15.71 and a beta of 0.73. IHS has a twelve month low of $5.71 and a twelve month high of $8.95.

Wall Street Analyst Weigh In

Separately, Weiss Ratings upgraded shares of IHS from a "sell (d+)" rating to a "hold (c)" rating in a report on Wednesday, May 13th. Two analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $8.38.

Institutional Investors Weigh In On IHS

A number of hedge funds have recently made changes to their positions in IHS. Mcguire Capital Advisors Inc. acquired a new position in shares of IHS during the 4th quarter worth about $27,000. Smartleaf Asset Management LLC bought a new position in shares of IHS during the fourth quarter worth $30,000. Quarry LP boosted its position in shares of IHS by 545.3% during the third quarter. Quarry LP now owns 4,704 shares of the business services provider's stock worth $32,000 after purchasing an additional 3,975 shares in the last quarter. MML Investors Services LLC acquired a new position in shares of IHS in the 4th quarter valued at $90,000. Finally, L2 Asset Management LLC acquired a new position in shares of IHS in the 4th quarter valued at $90,000. Institutional investors and hedge funds own 17.54% of the company's stock.

About IHS

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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