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The McGraw-Hill Companies, Inc. : McGraw-Hill 1Q Net Up 2.5% On Commodities, Indices Gains

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04/24/2012 | 01:52pm CEST

McGraw-Hill Cos.' (MHP) first-quarter profit rose 2.5%, driven by gains in its commodities and commercial business and indices segment, though revenue in its education business continued to fall.

The company's adjusted per-share earnings were above analyst expectations, as revenue also slightly topped Wall Street's view.

McGraw-Hill last year revealed it would split itself into two standalone companies, with one focused on its struggling education business and another--now dubbed McGraw-Hill Financial--focused on its markets businesses.

The company is in the midst of trimming costs by cutting staff in the education business and revamping its retirement benefits, among other moves. McGraw-Hill earlier this month acquired QuantHouse, a provider of market-data and systematic trading technology, and in February bought R2 Financial Technologies, which provides risk and scenario-based analytics for traders and other financial customers.

McGraw-Hill reported a profit of $123 million, or 43 cents a share, up from $120 million, or 39 cents a share, a year earlier. Excluding one-time items, per-share earnings were 51 cents in the latest period.

Revenue rose 5.6% to $1.33 billion. Analysts polled by Thomson Reuters had expected earnings of 48 cents a share on revenue of $1.32 billion.

Expenses rose 6.2%.

The S&P ratings segment's revenue rose 5.2% while the S&P Capital IQ/S&P Indices segment's revenue jumped 9%. Commodities and commercial segment revenue was up 13%. Revenue in the education unit slipped 2.3%.

Shares of the company, which affirmed its full-year view, closed at $17.95 Monday and were inactive premarket. The stock is up 9.2% since the start of the year.

-By Nathalie Tadena, Dow Jones Newswires; 212-416-3287; nathalie.tadena@dowjones.com

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Financials ($)
Sales 2016 5 613 M
EBIT 2016 2 340 M
Net income 2016 1 349 M
Debt 2016 1 888 M
Yield 2016 1,15%
P/E ratio 2016 24,74
P/E ratio 2017 21,64
EV / Sales 2016 6,18x
EV / Sales 2017 5,95x
Capitalization 32 802 M
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Duration : Period :
McGraw Hill Financial Inc Technical Analysis Chart | MHFI | US5806451093 | 4-Traders
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Income Statement Evolution
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Mean consensus OUTPERFORM
Number of Analysts 15
Average target price 136 $
Spread / Average Target 9,1%
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Douglas L. Peterson President, Chief Executive Officer & Director
Charles Edgar Haldeman Non-Executive Chairman
Ewout L. Steenbergen Chief Financial Officer & Executive Vice President
Krishna Nathan Chief Information Officer
Winfried Franz Wilhelm Bischoff Independent Director
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