IHS (NYSE:IHS) Issues Earnings Results, Misses Estimates By $0.16 EPS

IHS (NYSE:IHS) posted its quarterly earnings data on Tuesday. The business services provider reported ($0.04) EPS for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.16), Zacks reports. IHS had a negative return on equity of 1,351.44% and a net margin of 10.74%.The firm had revenue of $428.60 million during the quarter, compared to analyst estimates of $442.72 million.

IHS Price Performance

IHS traded down $0.01 during trading on Wednesday, reaching $8.30. 5,656 shares of the stock traded hands, compared to its average volume of 1,524,596. The stock’s 50-day simple moving average is $8.23 and its two-hundred day simple moving average is $8.21. IHS has a fifty-two week low of $5.71 and a fifty-two week high of $8.95. The stock has a market cap of $2.79 billion, a price-to-earnings ratio of 15.67 and a beta of 0.73.

Institutional Investors Weigh In On IHS

Hedge funds and other institutional investors have recently made changes to their positions in the company. Mcguire Capital Advisors Inc. acquired a new position in IHS in the fourth quarter worth approximately $27,000. Smartleaf Asset Management LLC bought a new stake in IHS in the fourth quarter worth approximately $30,000. Quarry LP grew its position in IHS by 545.3% in the third quarter. Quarry LP now owns 4,704 shares of the business services provider’s stock worth $32,000 after acquiring an additional 3,975 shares in the last quarter. Tower Research Capital LLC TRC bought a new stake in IHS in the second quarter worth approximately $72,000. Finally, NewEdge Advisors LLC acquired a new position in shares of IHS during the 2nd quarter worth $85,000. 17.54% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

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.