Analysts Anticipate S&P Global Inc. (NYSE:SPGI) Will Post Earnings of $3.00 Per Share

Brokerages expect S&P Global Inc. (NYSE:SPGIGet Rating) to announce earnings per share of $3.00 for the current fiscal quarter, Zacks Investment Research reports. Six analysts have provided estimates for S&P Global’s earnings. The highest EPS estimate is $3.39 and the lowest is $2.53. S&P Global reported earnings of $3.39 per share in the same quarter last year, which would suggest a negative year over year growth rate of 11.5%. The firm is scheduled to report its next quarterly earnings results before the market opens on Monday, January 1st.

On average, analysts expect that S&P Global will report full year earnings of $13.31 per share for the current year, with EPS estimates ranging from $12.89 to $13.54. For the next financial year, analysts anticipate that the business will post earnings of $16.05 per share, with EPS estimates ranging from $15.68 to $16.45. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that cover S&P Global.

S&P Global (NYSE:SPGIGet Rating) last released its quarterly earnings data on Tuesday, February 8th. The business services provider reported $3.15 earnings per share for the quarter, beating analysts’ consensus estimates of $3.13 by $0.02. The business had revenue of $2.09 billion during the quarter, compared to analyst estimates of $2.05 billion. S&P Global had a net margin of 36.46% and a return on equity of 205.36%. S&P Global’s revenue was up 11.8% compared to the same quarter last year. During the same period last year, the business earned $2.71 EPS.

Several brokerages recently weighed in on SPGI. UBS Group reduced their price target on shares of S&P Global from $520.00 to $486.00 and set a “buy” rating for the company in a research report on Monday, March 7th. StockNews.com began coverage on shares of S&P Global in a research report on Thursday, March 31st. They set a “hold” rating for the company. Deutsche Bank Aktiengesellschaft began coverage on shares of S&P Global in a research report on Wednesday, March 30th. They set a “buy” rating and a $515.00 price target for the company. Robert W. Baird reduced their price target on shares of S&P Global from $493.00 to $472.00 and set an “outperform” rating for the company in a research report on Wednesday, March 2nd. Finally, Barclays reissued an “overweight” rating and set a $500.00 price target on shares of S&P Global in a research report on Tuesday, March 8th. One analyst has rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $480.14.

Shares of SPGI opened at $376.50 on Thursday. The company has a market capitalization of $90.77 billion, a P/E ratio of 30.10, a price-to-earnings-growth ratio of 2.38 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. The firm has a 50 day moving average of $396.10 and a 200 day moving average of $427.55. S&P Global has a twelve month low of $363.54 and a twelve month high of $484.21.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 10th. Stockholders of record on Friday, May 27th will be given a dividend of $0.85 per share. This is an increase from S&P Global’s previous quarterly dividend of $0.77. The ex-dividend date is Thursday, May 26th. This represents a $3.40 dividend on an annualized basis and a dividend yield of 0.90%. S&P Global’s payout ratio is presently 24.62%.

In other news, EVP Steven J. Kemps sold 3,183 shares of the business’s stock in a transaction on Wednesday, March 2nd. The shares were sold at an average price of $404.04, for a total transaction of $1,286,059.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Steven J. Kemps sold 1,591 shares of the business’s stock in a transaction on Friday, March 4th. The shares were 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. In the last three months, insiders have sold 11,280 shares of company stock valued at $4,478,177. Insiders own 0.10% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Wealthfront Advisers LLC lifted its stake in shares of S&P Global by 10.4% during the 4th quarter. Wealthfront Advisers LLC now owns 14,046 shares of the business services provider’s stock valued at $6,629,000 after buying an additional 1,318 shares in the last quarter. Fifth Third Bancorp lifted its stake in shares of S&P Global by 3.4% during the 4th quarter. Fifth Third Bancorp now owns 96,314 shares of the business services provider’s stock valued at $45,453,000 after buying an additional 3,192 shares in the last quarter. Peapack Gladstone Financial Corp lifted its stake in S&P Global by 472.7% in the 3rd quarter. Peapack Gladstone Financial Corp now owns 30,349 shares of the business services provider’s stock worth $12,895,000 after purchasing an additional 25,050 shares in the last quarter. Abbrea Capital LLC lifted its stake in S&P Global by 7.0% in the 3rd quarter. Abbrea Capital LLC now owns 845 shares of the business services provider’s stock worth $359,000 after purchasing an additional 55 shares in the last quarter. Finally, Two Sigma Investments LP lifted its stake in S&P Global by 80.5% in the 3rd quarter. Two Sigma Investments LP now owns 515,907 shares of the business services provider’s stock worth $219,204,000 after purchasing an additional 230,144 shares in the last quarter. Institutional investors own 92.90% of the company’s stock.

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

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