Last $103.49 USD
Change Today +0.39 / 0.38%
Volume 1.5M
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As of 4:01 PM 03/2/15 All times are local (Market data is delayed by at least 15 minutes).

mcgraw hill financial inc (MHFI) Key Developments

Harold ("Terry") McGraw III Not to Stand for Re-Election as Director of Mcgraw Hill Financial, Inc

The Board of Directors of McGraw Hill Financial announced that Harold ("Terry") McGraw III informed the Board of his decision not to stand for re-election as a director at the Annual Meeting of Shareholders scheduled to take place on April 29, 2015. In recognition of Mr. McGraw's many significant contributions to McGraw Hill Financial, the Board of Directors will confer upon him the honorary title of "Chairman Emeritus" when he retires on April 29. Mr. McGraw has been non-executive Chairman of the Board since he retired as President and CEO of the Company on November 1, 2013. The Board will propose that Charles ("Ed") E. Haldeman, Jr. serve as non-executive Chairman following the 2015 Annual Meeting. Mr. Haldeman has been an independent Director of the company since 2012. He is currently non-executive Chairman of KCG Holdings, Inc. and a director of DST Systems.

McGraw Hill Financial, Inc. Presents at Raymond James & Associates 36th Annual Institutional Investors Conference, Mar-02-2015 10:25 AM

McGraw Hill Financial, Inc. Presents at Raymond James & Associates 36th Annual Institutional Investors Conference, Mar-02-2015 10:25 AM. Venue: JW Marriott Grande Lakes, 4040 Central Florida Parkway, Orlando, FL 32837, United States. Speakers: Douglas L. Peterson, Chief Executive Officer, President and Director.

McGraw Hill Financial, Inc. Announces Resignation of John L. Berisford as Executive Vice President, Human Resources

McGraw Hill Financial, Inc. announced that John L. Berisford, Executive Vice President, Human Resources of the company informed his decision to leave the Company to pursue other career opportunities and ceased serving in an executive officer capacity, effective February 10, 2015.

McGraw Hill Financial Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014; Provides Earnings Guidance for the Fiscal 2015; Declares Quarterly Dividend, Payable on March 11, 2015

McGraw Hill Financial announced unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company reported revenue was $1,290 million against $1,206 million a year ago. Operating loss was $1,148 million against profit of $271 million a year ago. Loss from continuing operations before taxes on income was $1,167 million against profit of $257 million a year ago. Loss from continuing operations was $984 million against profit of $182 million a year ago. Net loss attributable to the company was $846 million against profit of $171 million a year ago. Diluted loss per share from continuing operations was $3.71 against profit of $0.60 a year ago. Diluted loss per share was $3.11 against profit of $0.62 a year ago. Total adjusted revenue was $1,289 million against $1,204 million a year ago. Excluding the impact of charges related to legal and regulatory settlements and restructuring, adjusted net income from continuing operations for the quarter increased 22% to $264 million, and adjusted diluted earnings per share from continuing operations increased 23% to $0.95. For the full year, the company reported revenue was $5,051 million against $4,702 million a year ago. Operating profit was $113 million against profit of $1,358 million a year ago. Profit from continuing operations before taxes on income was $54 million against profit of $1,298 million a year ago. Loss from continuing operations was $191 million against profit of $874 million a year ago. Net loss attributable to the company was $115 million against profit of $1,376 million a year ago. Diluted loss per share from continuing operations was $1.08 against profit of $2.80 a year ago. Diluted loss per share was $0.42 against profit of $4.91 a year ago. Cash provided by operating activities from continuing operations was $1,209 million against $782 million a year ago. Capital expenditure was $92 million against $117 million a year ago. Total adjusted revenue was $5,046 million against $4,661 million a year ago. For the full year, adjusted net income from continuing operations increased 19% to $1,073 million and adjusted diluted earnings per share from continuing operations increased 20% to $3.88. The board of directors of the company has approved the regular quarterly cash dividend on the company's common stock. The quarterly dividend will increase from $0.30 to $0.33 per share. The dividend will be payable on March 11, 2015, to shareholders of record on February 25, 2015. The new annualized dividend rate is $1.32 per share. The company is introducing 2015 revenue guidance of mid single-digit growth and adjusted diluted EPS guidance of $4.35 to $4.45. It is targeting more than 125 basis points of adjusted profit margin improvement, a tax rate on an adjusted basis of approximately 33%, and approximately $100 million of capital expenditures. And it is targeting free cash flow of greater than $1.1 billion, excluding the payments related to these legal and regulatory settlements.

McGraw Hill Financial Plans Acquisitions

McGraw Hill Financial, Inc. (NYSE:MHFI) plans to make acquisitions. Jack Callahan, Chief Financial Officer of the company said: “Just to remind you on our priorities on the allocation of capital, first we will invest in organic growth; second, continue to pursue attractive acquisitions to expand the portfolio; third, sustain growth in our dividend, as today's announcement demonstrates; finally, continue to selectively repurchase shares.” He added: “We have more flexibility now that we've addressed some of the largest legal and regulatory issues facing the Company. Yes, we could and will contemplate selectively adding leverage as appropriate, either to appropriate acquisitions and/or to accelerate share repurchases -- and we have ample capacity to do that. Our goal is to remain investment grade. We have ample capacity to consider all those options. Frankly, we're looking forward to having that flexibility to think about those moving forward.”

 

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MHFI

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Valuation MHFI Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 5.5x
Price/Book 57.5x
Price/Cash Flow 1,484.1x
TEV/Sales 4.8x
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