Barclays now sees two Fed cuts this year, says jumbo Fed cuts ’very unlikely’
IHS Holding Ltd has reached a significant milestone, with its stock hitting a 52-week high of 6.72 USD. According to InvestingPro data, the company maintains a "GOOD" overall financial health score, with particularly strong momentum metrics. This achievement underscores a remarkable period of growth for the company, as the stock has surged by 139.29% over the past year. The substantial increase reflects strong investor confidence and positive market sentiment surrounding IHS Holding’s performance and future prospects. While currently unprofitable, analysts maintain a strong buy consensus with a bullish outlook, predicting profitability in 2025. Based on InvestingPro’s Fair Value analysis, the stock appears slightly undervalued. As the company continues to expand its operations and strengthen its market position, this 52-week high marks a noteworthy point in its recent history. With a robust current ratio of 1.27 and strong free cash flow yield, IHS Holding demonstrates solid financial fundamentals. Discover more insights and 8 additional ProTips with InvestingPro’s comprehensive research reports.
In other recent news, IHS Holding reported first-quarter earnings for 2025 that exceeded Wall Street’s expectations, with adjusted earnings per share of $0.10 compared to the consensus estimate of $0.08. Revenue also rose by 5.2% year-over-year to $439.6 million, surpassing the anticipated $390.49 million. Despite these positive results, the company’s full-year revenue guidance was below analyst estimates at the midpoint, leading to a negative market reaction. TD Cowen responded by raising the price target for IHS Holding to $17.00 from $16.00 while maintaining a Buy rating, reflecting confidence in the company’s prospects. Additionally, IHS Holding reaffirmed its financial guidance for the year, signaling stability in its operations. The company successfully divested IHS Rwanda at an enterprise value of $274.5 million, aligning with its strategic objectives. This asset disposition was completed at an EBITDA multiple of 8.3x. Management highlighted a more stable economic environment in Nigeria, contributing to renewed investor confidence.
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