New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
February 4, 2014
14:16 EDTMHFIMcGraw Hill Financial rallies after Q4 results and guidance
Shares of financial intelligence company and ratings provider McGraw Hill Financial (MHFI) are trading higher after the company's fourth quarter results surpassed analysts' expectations. The firm also introduced 2014 guidance. WHAT'S NEW: This morning, McGraw Hill Financial reported fourth quarter earnings per share of 81c on revenue of $1.25B, surpassing analysts' consensus estimates of 78c and $1.24B, respectively. The company also introduced fiscal year 2014 guidance of mid-teen earnings per share growth to $3.75 to $3.85, against analysts' consensus estimate of $3.75. McGraw Hill Financial also gave FY14 revenue guidance of mid single-digit growth and said it expects free cash flow for 2014 of approximately $1B. The company's president and chief executive officer Douglas Peterson commented, "2013 has been a momentous year for the company as we transformed McGraw Hill Financial into a more profitable, more growth-oriented company." He continued, "My focus will be on enhancing our customers' experience, thoughtfully broadening our presence in international markets, and delivering strong financial performance based both upon revenue growth and cost control." PRICE ACTION: In afternoon trading, McGraw Hill Financial shares are off their highs but still up about 3% to $76.57 on almost twice their average daily trading volume.
News For MHFI From The Last 14 Days
Check below for free stories on MHFI the last two weeks.
Sign up for a free trial to see the rest of the stories you've been missing.
July 29, 2014
07:14 EDTMHFIMcGraw Hill Financial raises FY14 adj. EPS view 5c to $3.80 to $3.90.
Subscribe for More Information
07:13 EDTMHFIMcGraw Hill Financial reports Q2 adj. EPS $1.06, consensus 99c
Reports Q2 revenue $1.35B, consensus $1.30B.
July 28, 2014
15:47 EDTMHFINotable companies reporting before tomorrow's open
Subscribe for More Information
July 24, 2014
10:09 EDTMHFIMcGraw Hill Financial retreats after receiving Wells Notice
Subscribe for More Information
06:43 EDTMHFIMcGraw Hill Financial regulatory risks look manageable, says Piper Jaffray
Subscribe for More Information
July 23, 2014
17:07 EDTMHFIMcGraw Hill Financial drops 1% to $81.87 after disclosing Wells Notice
Subscribe for More Information
17:06 EDTMHFIMcGraw Hill Financial receives Wells Notice from SEC
McGraw Hill Financial announced that on July 22, it received a "Wells Notice" from the SEC stating that the agency’s staff has made a preliminary determination to recommend that the Commission institute an enforcement action against Standard & Poor's Ratings Services, alleging violations of federal securities laws with respect to S&P's ratings of six commercial mortgage backed securities transactions issued in 2011, and public disclosure made by S&P regarding those ratings thereafter. In connection with the contemplated action, the staff may recommend that the SEC seek remedies that include a cease-and-desist order, disgorgement, pre-judgment interest, civil money penalties, and remedial sanctions such as revocation or suspension of S&P's NRSRO registration. McGraw Hill Financial added, "The Wells Notice is neither a formal allegation nor a finding of wrongdoing. It allows S&P the opportunity to provide its perspective and to address the issues raised by the Staff before any decision is made by the Commission on whether to authorize the commencement of an enforcement proceeding. S&P has been cooperating with the Commission in this matter and intends to continue to do so."
July 17, 2014
06:18 EDTMHFIPlatts acquires Eclipse Energy Group, terms not disclosed
Platts, a business of McGraw Hill Financial, announced that it has acquired London-based Eclipse Energy Group, a privately owned provider of data and analysis on the European gas, power and global liquefied natural gas markets. The acquisition will enable Platts to combine Eclipse Energy's analytics with Platts' pricing information to help market participants understand the impact of events and the drivers of price. Terms of the deal were not disclosed.

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use