Last $25.51 USD
Change Today -0.23 / -0.89%
Volume 800.5K
MRKT On Other Exchanges
Symbol
Exchange
NASDAQ GS
As of 5:20 PM 11/24/14 All times are local (Market data is delayed by at least 15 minutes).

markit ltd (MRKT) Snapshot

Open
$25.61
Previous Close
$25.74
Day High
$25.64
Day Low
$25.09
52 Week High
06/20/14 - $27.45
52 Week Low
10/7/14 - $20.99
Market Cap
4.6B
Average Volume 10 Days
425.8K
EPS TTM
--
Shares Outstanding
178.9M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for MARKIT LTD (MRKT)

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markit ltd (MRKT) Details

Markit Ltd. is a global provider of financial information services. It operates through three divisions: Information, Processing, and Solutions. The Information division provides pricing and reference data, indices, and valuation and trading services across multiple asset classes and geographies through both direct and third-party distribution channels. Its products and services are used for independent valuations, research, trading, and liquidity and risk assessments. The Processing division offers trade processing solutions globally for over-the-counter (OTC) derivatives, foreign exchange, and syndicated loans. The Solutions division provides configurable enterprise software platforms, managed services, and hosted custom Web solutions. The company’s customers include banks, hedge funds, asset managers, central banks, regulators, auditors, fund administrators, and insurance companies. Markit Ltd. was founded in 2003 and is headquartered in London, the United Kingdom.

3,000 Employees
Last Reported Date: 11/12/14
Founded in 2003

markit ltd (MRKT) Top Compensated Officers

No compensation data is available at this time for the top officers at this company.

Executives, Board Directors

markit ltd (MRKT) Key Developments

Markit Ltd. Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014; Announces Impairment of Other Intangible Assets for the Three Months Ended September 30, 2014

Markit Ltd. announced unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported revenue was $269.7 million compared to $238.4 million for the same period a year ago. Operating profit was $95.3 million compared to $53.6 million for the same period a year ago. Profit before income tax was $90.8 million compared to $48.9 million for the same period a year ago. Profit attributable to owners of the parent was $80.3 million of $0.43 per diluted share compared to $32.4 million or $0.18 per diluted share for the same period a year ago. Adjusted EBITDA was $126.8 million compared to $110.7 million for the same period a year ago. Adjusted earnings were $68.7 million compared to $64.7 million for the same period a year ago. Adjusted earnings per diluted share were unchanged at $0.37 compared to third quarter 2013. On a constant currency basis, revenue growth was 11.1%, or $26.4 million as compared to the three months ended September 30, 2013. For the nine months, the company reported revenue was $793.7 million compared to $704.1 million for the same period a year ago. Operating profit was $198.0 million compared to $211.2 million for the same period a year ago. Profit before income tax was $185.2 million compared to $196.2 million for the same period a year ago. Profit attributable to owners of the parent was $149.5 million or $0.81 per diluted share compared to $136.5 million or $0.78 per diluted share for the same period a year ago. Net cash generated from operations was $238.6 million compared to $237.7 million for the same period a year ago. Purchases of property, plant and equipment was $18.4 million compared to $23.5 million for the same period a year ago. Purchases of intangible assets were $69.6 million compared to $71.2 million for the same period a year ago. Adjusted EBITDA was $363.5 million compared to $312.9 million for the same period a year ago. Adjusted earnings were $209.9 million compared to $183.0 million for the same period a year ago. Adjusted earnings per diluted share were $1.14 compared to $1.04 for the same period a year ago. The company showed tight controls on capital expenditure in the first nine months of 2014, which totaled $88 million, primarily related to internal software development costs, down 7.1% or $6.7 million from the prior year, reflecting reduced third-party technology spend and reduced investment in office space. Strong operating cash flows, which were $278.8 million for the first nine months, excluding interest and taxes, enable the company to reduce its net debt despite having funded the acquisitions of thinkFolio and CTI in a nine months period. The company also reported impairment of other intangible assets of $8.3 million for the three months ended September 30, 2014, was taken in regard to Credit Centre, within Processing segment, following a recent decision to close the business.

Markit Ltd. Announces Retirement of Tim Ryan from its Board of Directors

Markit Ltd. announced the retirement of Thomas Timothy Ryan, Jr., a Class II director, from its board of directors, effective November 1, 2014.

Markit Ltd. to Report Q3, 2014 Results on Nov 12, 2014

Markit Ltd. announced that they will report Q3, 2014 results at 7:00 AM, US Eastern Standard Time on Nov 12, 2014

 

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Price/Earnings 30.6x
Price/Sales 4.5x
Price/Book 2.1x
Price/Cash Flow 15.3x
TEV/Sales 3.9x
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