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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
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December 9, 2014
11:09 EDTMHFIMcGraw Hill Financial open to 'reasonable settlements' with DoJ and states
11:06 EDTMHFIMcGraw Hill Financial says trending to 36% margins this year
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10:34 EDTMHFIMcGraw Hill Financial backs FY14 EPs view $3.78-$3.83, consensus $3.86
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08:34 EDTMHFIMcGraw Hill Financial CMBS suspension company specific, says UBS
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December 8, 2014
15:49 EDTMHFISEC seeks to suspend S&P from rating CMBS, Bloomberg reports
In what would be the SEC's toughest action yet against a major credit rater, the commission is seeking to suspend Standard & Poor’s from rating commercial mortgage bonds, but its parent company McGraw Hill Financial remains in talks over a possible settlement, according to Bloomberg, citing a person with knowledge of the matter. Shares of McGraw Hill Financial are down 1.6% to $92.21 following Bloomberg's report. Reference Link
15:42 EDTMHFISEC seeks to suspend S&P from rating CMBS, Bloomberg says
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