S&P Global Inc. (NYSE:SPGI) Forecasted to Earn FY2022 Earnings of $11.11 Per Share

S&P Global Inc. (NYSE:SPGIGet Rating) – Equities research analysts at Oppenheimer upped their FY2022 earnings per share estimates for shares of S&P Global in a research report issued to clients and investors on Thursday, January 5th. Oppenheimer analyst O. Lau now anticipates that the business services provider will post earnings of $11.11 per share for the year, up from their previous forecast of $11.06. The consensus estimate for S&P Global’s current full-year earnings is $11.10 per share. Oppenheimer also issued estimates for S&P Global’s Q4 2022 earnings at $2.47 EPS, Q1 2023 earnings at $2.93 EPS, Q2 2023 earnings at $3.08 EPS, Q3 2023 earnings at $3.26 EPS, Q4 2023 earnings at $3.31 EPS, FY2023 earnings at $12.59 EPS and FY2024 earnings at $14.39 EPS.

S&P Global (NYSE:SPGIGet Rating) last announced its quarterly earnings data on Thursday, October 27th. The business services provider reported $2.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.79 by $0.14. The business had revenue of $2.86 billion during the quarter, compared to analysts’ expectations of $2.91 billion. S&P Global had a return on equity of 12.47% and a net margin of 33.78%.

Several other research analysts have also commented on the company. BMO Capital Markets lifted their price target on S&P Global from $355.00 to $393.00 and gave the stock an “outperform” rating in a research report on Monday, November 28th. Barclays boosted their target price on S&P Global from $385.00 to $425.00 and gave the company an “overweight” rating in a report on Friday, December 2nd. Jefferies Financial Group reissued a “buy” rating and issued a $397.00 target price (down previously from $430.00) on shares of S&P Global in a report on Tuesday, October 25th. Atlantic Securities raised S&P Global from a “neutral” rating to an “overweight” rating and boosted their target price for the company from $356.00 to $386.00 in a report on Monday, November 7th. Finally, Morgan Stanley dropped their price objective on S&P Global from $390.00 to $388.00 and set an “overweight” rating on the stock in a report on Wednesday, January 4th. One research analyst has rated the stock with a hold rating and sixteen have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $395.06.

S&P Global Price Performance

SPGI stock opened at $347.84 on Monday. The business has a 50 day moving average price of $341.12 and a 200 day moving average price of $343.39. The stock has a market cap of $113.33 billion, a price-to-earnings ratio of 29.08, a PEG ratio of 2.28 and a beta of 1.06. S&P Global has a fifty-two week low of $279.32 and a fifty-two week high of $452.08. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.29.

Institutional Trading of S&P Global

Several hedge funds have recently made changes to their positions in SPGI. Destiny Wealth Partners LLC acquired a new position in shares of S&P Global during the 2nd quarter valued at $26,000. Dark Forest Capital Management LP acquired a new position in shares of S&P Global in the 2nd quarter worth $29,000. First Financial Corp IN grew its holdings in shares of S&P Global by 168.8% in the 2nd quarter. First Financial Corp IN now owns 86 shares of the business services provider’s stock worth $29,000 after acquiring an additional 54 shares during the last quarter. Rain Capital Management LLC boosted its position in shares of S&P Global by 38.2% in the second quarter. Rain Capital Management LLC now owns 94 shares of the business services provider’s stock worth $32,000 after buying an additional 26 shares during the period. Finally, EdgeRock Capital LLC acquired a new stake in shares of S&P Global in the third quarter worth $29,000. Institutional investors own 87.27% of the company’s stock.

Insider Activity at S&P Global

In other S&P Global news, SVP Christopher Craig sold 1,055 shares of the stock in a transaction that occurred on Monday, December 5th. The stock was sold at an average price of $350.02, for a total transaction of $369,271.10. Following the transaction, the senior vice president now owns 6,288 shares of the company’s stock, valued at approximately $2,200,925.76. The transaction was disclosed in a document filed with the SEC, which is available at this link. 0.10% of the stock is currently owned by company insiders.

S&P Global Company Profile

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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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