Informa (LON:INF) Releases Earnings Results, Beats Expectations By $4.20 EPS

Informa (LON:INF) issued its quarterly earnings results on Monday. The company reported GBX 5 ($0.07) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of GBX 0.80 ($0.01) by GBX 4.20 ($0.05), Digital Look Earnings reports.

Shares of LON INF traded down GBX 5.60 ($0.07) during trading on Wednesday, hitting GBX 362 ($4.73). The company had a trading volume of 3,328,735 shares, compared to its average volume of 4,245,821. The firm has a market capitalization of $5.44 billion and a price-to-earnings ratio of 20.11. The stock has a fifty day simple moving average of GBX 400.66 and a two-hundred day simple moving average of GBX 439.78. The company has a quick ratio of 0.35, a current ratio of 0.46 and a debt-to-equity ratio of 49.19. Informa has a fifty-two week low of GBX 3.84 ($0.05) and a fifty-two week high of GBX 875.40 ($11.44).

In related news, insider John Rishton purchased 490 shares of the firm’s stock in a transaction that occurred on Thursday, July 2nd. The shares were purchased at an average cost of GBX 470 ($6.14) per share, with a total value of £2,303 ($3,009.28).

Several analysts have recently commented on INF shares. Credit Suisse Group upped their price objective on shares of Informa from GBX 610 ($7.97) to GBX 640 ($8.36) and gave the company an “outperform” rating in a report on Monday, June 15th. Goldman Sachs Group cut their price target on Informa from GBX 515 ($6.73) to GBX 503 ($6.57) and set a “buy” rating on the stock in a research report on Wednesday, July 15th. Morgan Stanley decreased their price objective on Informa from GBX 665 ($8.69) to GBX 550 ($7.19) and set an “overweight” rating for the company in a report on Wednesday, August 12th. Shore Capital reiterated a “hold” rating on shares of Informa in a research report on Monday, September 14th. Finally, Deutsche Bank reissued a “hold” rating and issued a GBX 625 ($8.17) price target on shares of Informa in a report on Tuesday. Four research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Informa has an average rating of “Buy” and a consensus target price of GBX 644.18 ($8.42).

About Informa

Informa plc engages in business intelligence, academic publishing, and knowledge and events businesses worldwide. The company operates through Academic Publishing, Business Intelligence, Global Exhibitions, and Knowledge & Networking segments. The Academic Publishing segment publishes academic books and journals in print and digital formats for university libraries and departments, specialist research institutions, and individuals in the areas of humanities and social sciences, science, technology, and medicine.

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