McGraw Hill Financial Inc (MHFI) reported quarterly earnings results on Tuesday, Apr-26-2016. The company said it had a profit of $1.20 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.05. Analysts had a consensus of $1.15. The company posted revenue of $1341.00 million in the period, compared to analysts expectations of $1362.49 million. The company’s revenue was up 5.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.09 EPS.
Many Wall Street Analysts have commented on McGraw Hill Financial Inc. Shares were Reiterated by FBR Capital on Feb 5, 2016 to “Outperform” and Lowered the Price Target to $ 106 from a previous price target of $111 .
McGraw Hill Financial Inc closed down -0.13 points or -0.13% at $103.37 with 8,28,904 shares getting traded on Friday. Post opening the session at $102.63, the shares hit an intraday low of $102.63 and an intraday high of $104 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
In a different news, on Mar 28, 2016, Donald R. Howard (EMD, Chief Risk Officer) sold 3,700 shares at $96.28 per share price. According to the SEC, on Sep 22, 2015, Michael Chinn (President,SPCIQ/SNL Financial) purchased 5,500 shares at $92.85 per share price. On Aug 6, 2015, Lawrence Neal (President, Platts) sold 930 shares at $101.51 per share price, according to the Form-4 filing with the securities and exchange commission.
McGraw Hill Financial Inc. is a benchmarks and ratings analytics data and research provider serving the global capital commodities and commercial markets. The Company operate in four business segments: S&P Ratings which provides credit ratings research and analytics offering investors and market participants information ratings and benchmarks; S&P Capital IQ which provides multi-asset-class data research and analytical capabilities which integrate cross-asset analytics and desktop services; S&P Dow Jones Indices which is a global index provider that maintains a range of valuation and index benchmarks for investment advisors wealth managers and institutional investors and Commodities & Commercial which consists of business-to-business companies focused on commercial and commodities markets that deliver their customers access to information data analytic services and pricing and quality benchmarks.