S&P Global (NYSE:SPGI – Get Rating) will be announcing its earnings results before the market opens on Tuesday, May 3rd. Analysts expect the company to announce earnings of $2.93 per share for the quarter. Investors that wish to register for the company’s conference call can do so using this link.
S&P Global (NYSE:SPGI – Get Rating) last announced its earnings results on Tuesday, February 8th. The business services provider reported $3.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.13 by $0.02. The company had revenue of $2.09 billion for the quarter, compared to analyst estimates of $2.05 billion. S&P Global had a return on equity of 205.36% and a net margin of 36.46%. The firm’s quarterly revenue was up 11.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.71 earnings per share. On average, analysts expect S&P Global to post $13 EPS for the current fiscal year and $16 EPS for the next fiscal year.
Shares of NYSE SPGI opened at $381.22 on Tuesday. The firm has a market cap of $91.91 billion, a price-to-earnings ratio of 30.47, a PEG ratio of 2.45 and a beta of 1.05. The company has a quick ratio of 2.31, a current ratio of 2.31 and a debt-to-equity ratio of 1.95. S&P Global has a 52-week low of $363.54 and a 52-week high of $484.21. The business’s 50 day moving average is $396.22 and its two-hundred day moving average is $428.94.
In other news, insider Dimitra Manis sold 2,636 shares of the stock in a transaction dated Wednesday, March 2nd. The shares were sold at an average price of $405.41, for a total transaction of $1,068,660.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Steven J. Kemps sold 1,591 shares of the stock in a transaction dated Friday, March 4th. The stock was sold at an average price of $407.23, for a total transaction of $647,902.93. The disclosure for this sale can be found here. Insiders have sold 11,280 shares of company stock valued at $4,478,177 in the last quarter. Insiders own 0.10% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Barclays PLC raised its holdings in S&P Global by 5.7% during the fourth quarter. Barclays PLC now owns 756,957 shares of the business services provider’s stock worth $357,231,000 after purchasing an additional 41,117 shares in the last quarter. SkyView Investment Advisors LLC purchased a new position in S&P Global during the fourth quarter worth about $294,000. Camden National Bank purchased a new position in S&P Global in the fourth quarter valued at about $4,499,000. Vident Investment Advisory LLC increased its holdings in S&P Global by 19.5% in the fourth quarter. Vident Investment Advisory LLC now owns 6,846 shares of the business services provider’s stock valued at $3,231,000 after buying an additional 1,117 shares in the last quarter. Finally, Toroso Investments LLC increased its holdings in S&P Global by 53.6% in the fourth quarter. Toroso Investments LLC now owns 4,056 shares of the business services provider’s stock valued at $1,914,000 after buying an additional 1,415 shares in the last quarter. 92.90% of the stock is owned by hedge funds and other institutional investors.
A number of analysts have recently weighed in on SPGI shares. Robert W. Baird cut their price objective on S&P Global from $493.00 to $472.00 and set an “outperform” rating on the stock in a research report on Wednesday, March 2nd. Deutsche Bank Aktiengesellschaft began coverage on S&P Global in a research report on Wednesday, March 30th. They set a “buy” rating and a $515.00 price objective on the stock. The Goldman Sachs Group began coverage on shares of S&P Global in a research note on Tuesday, March 8th. They set a “buy” rating and a $485.00 target price for the company. StockNews.com began coverage on shares of S&P Global in a research note on Thursday, March 31st. They set a “hold” rating for the company. Finally, Raymond James lowered their target price on shares of S&P Global from $497.00 to $475.00 and set an “outperform” rating for the company in a research note on Thursday, April 7th. One equities research analyst has rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat, S&P Global has a consensus rating of “Buy” and a consensus target price of $480.14.
S&P Global Company Profile (Get Rating)
S&P Global Inc, together with its subsidiaries, provides credit ratings, benchmarks, analytics, and workflow solutions in the global capital, commodity, and automotive markets. It operates in six divisions: S&P Global Ratings, S&P Dow Jones Indices, S&P Global Commodity Insights, S&P Global Market Intelligence, S&P Global Mobility, and S&P Global Engineering Solutions.
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