S&P Global Inc (NYSE:SPGI) Expected to Post Earnings of $2.31 Per Share

Equities research analysts expect S&P Global Inc (NYSE:SPGI) to report $2.31 earnings per share for the current quarter, according to Zacks. Five analysts have made estimates for S&P Global’s earnings, with the highest EPS estimate coming in at $2.35 and the lowest estimate coming in at $2.27. S&P Global reported earnings per share of $2.11 during the same quarter last year, which suggests a positive year over year growth rate of 9.5%. The business is scheduled to issue its next quarterly earnings results on Thursday, October 24th.

According to Zacks, analysts expect that S&P Global will report full year earnings of $9.18 per share for the current financial year, with EPS estimates ranging from $9.03 to $9.25. For the next year, analysts expect that the company will post earnings of $10.09 per share, with EPS estimates ranging from $9.77 to $10.38. Zacks’ earnings per share averages are an average based on a survey of research analysts that that provide coverage for S&P Global.

S&P Global (NYSE:SPGI) last released its quarterly earnings data on Thursday, August 1st. The business services provider reported $2.43 earnings per share for the quarter, topping the consensus estimate of $2.28 by $0.15. S&P Global had a net margin of 31.02% and a return on equity of 341.54%. The business had revenue of $1.70 billion for the quarter, compared to analyst estimates of $1.65 billion. During the same quarter last year, the firm earned $2.17 EPS. S&P Global’s quarterly revenue was up 5.9% compared to the same quarter last year.

Several research analysts recently weighed in on SPGI shares. Stifel Nicolaus lifted their price objective on shares of S&P Global from $231.00 to $274.00 and gave the stock a “hold” rating in a research note on Friday, August 2nd. Raymond James increased their price objective on S&P Global from $246.00 to $272.00 and gave the company an “outperform” rating in a research note on Friday, August 2nd. UBS Group increased their target price on S&P Global from $252.00 to $260.00 and gave the company a “buy” rating in a report on Wednesday, July 10th. BMO Capital Markets increased their target price on S&P Global to $255.00 and gave the company a “market perform” rating in a report on Friday, August 2nd. Finally, Cantor Fitzgerald increased their target price on S&P Global from $244.00 to $294.00 and gave the company an “overweight” rating in a report on Friday, August 2nd. Six equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $252.23.

S&P Global stock traded up $3.66 during midday trading on Thursday, hitting $257.76. 39,941 shares of the stock were exchanged, compared to its average volume of 1,259,285. The firm has a fifty day moving average price of $241.19. S&P Global has a 52 week low of $156.68 and a 52 week high of $262.83. The stock has a market capitalization of $62.60 billion, a PE ratio of 30.32, a PEG ratio of 2.78 and a beta of 1.08. The company has a debt-to-equity ratio of 7.52, a current ratio of 1.37 and a quick ratio of 1.37.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 11th. Investors of record on Tuesday, August 27th will be issued a $0.57 dividend. This represents a $2.28 annualized dividend and a yield of 0.88%. The ex-dividend date is Monday, August 26th. S&P Global’s dividend payout ratio (DPR) is presently 26.82%.

In other news, insider Nicholas Cafferillo sold 9,911 shares of the stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $252.95, for a total transaction of $2,506,987.45. Following the completion of the sale, the insider now owns 7,454 shares in the company, valued at $1,885,489.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Douglas L. Peterson sold 6,000 shares of the stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $211.01, for a total transaction of $1,266,060.00. Following the sale, the chief executive officer now owns 173,431 shares of the company’s stock, valued at approximately $36,595,675.31. The disclosure for this sale can be found here. Insiders sold 22,418 shares of company stock worth $5,379,441 in the last three months. 0.20% of the stock is currently owned by corporate insiders.

Several institutional investors and hedge funds have recently made changes to their positions in SPGI. Krane Funds Advisors LLC acquired a new stake in S&P Global in the second quarter valued at about $25,000. Coastal Investment Advisors Inc. lifted its position in S&P Global by 409.1% in the second quarter. Coastal Investment Advisors Inc. now owns 112 shares of the business services provider’s stock valued at $26,000 after purchasing an additional 90 shares during the period. Coastal Capital Group Inc. acquired a new stake in S&P Global in the second quarter valued at about $27,000. Meridian Wealth Management LLC acquired a new stake in S&P Global in the first quarter valued at about $26,000. Finally, Harvest Group Wealth Management LLC acquired a new stake in S&P Global in the first quarter valued at about $28,000. Institutional investors and hedge funds own 82.43% of the company’s stock.

About S&P Global

S&P Global Inc, together with its subsidiaries, provides ratings, benchmarks, analytics, and data to the capital and commodity markets worldwide. The company operates through four segments: S&P Global Ratings (Ratings), S&P Global Market Intelligence (Market Intelligence), S&P Global Platts (Platts), and S&P Dow Jones Indices (Indices).

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Earnings History and Estimates for S&P Global (NYSE:SPGI)

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