S&P Global Inc. Forecasted to Post Q4 2024 Earnings of $3.36 Per Share (NYSE:SPGI)

S&P Global Inc. (NYSE:SPGI) – Equities researchers at William Blair reduced their Q4 2024 earnings per share estimates for shares of S&P Global in a research note issued on Monday, April 15th. William Blair analyst A. Nicholas now forecasts that the business services provider will post earnings of $3.36 per share for the quarter, down from their previous forecast of $3.39. The consensus estimate for S&P Global’s current full-year earnings is $14.02 per share.

S&P Global (NYSE:SPGI) last released its earnings results on Thursday, February 8th. The business services provider reported $3.13 earnings per share for the quarter, missing the consensus estimate of $3.15 by ($0.02). S&P Global had a net margin of 21.02% and a return on equity of 11.34%. The business had revenue of $3.15 billion for the quarter, compared to analysts’ expectations of $3.13 billion. During the same period last year, the firm earned $2.54 EPS. The company’s revenue was up 7.3% compared to the same quarter last year.

SPGI has been the subject of several other reports. Barclays lifted their price target on S&P Global from $500.00 to $520.00 and gave the company an “overweight” rating in a report on Tuesday, April 2nd. Royal Bank of Canada reiterated an “outperform” rating and set a $500.00 price target on shares of S&P Global in a report on Friday, February 9th. Raymond James boosted their target price on S&P Global from $422.00 to $452.00 and gave the stock an “outperform” rating in a report on Tuesday, January 9th. BMO Capital Markets boosted their target price on S&P Global from $480.00 to $483.00 and gave the stock an “outperform” rating in a report on Monday, April 1st. Finally, Erste Group Bank restated a “hold” rating on shares of S&P Global in a report on Wednesday, April 3rd. Two research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat.com, S&P Global currently has an average rating of “Moderate Buy” and an average target price of $464.22.

S&P Global Trading Down 0.2 %

NYSE:SPGI opened at $408.57 on Tuesday. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.84 and a quick ratio of 0.84. S&P Global has a fifty-two week low of $338.92 and a fifty-two week high of $461.16. The stock’s 50-day moving average is $426.65 and its two-hundred day moving average is $415.29. The stock has a market cap of $130.85 billion, a PE ratio of 49.64, a price-to-earnings-growth ratio of 2.36 and a beta of 1.15.

Institutional Trading of S&P Global

A number of institutional investors and hedge funds have recently modified their holdings of SPGI. Kathleen S. Wright Associates Inc. bought a new stake in shares of S&P Global during the third quarter valued at approximately $25,000. Private Wealth Management Group LLC bought a new stake in S&P Global in the fourth quarter valued at $26,000. Pineridge Advisors LLC bought a new stake in S&P Global in the fourth quarter valued at $26,000. Valued Wealth Advisors LLC bought a new stake in S&P Global in the fourth quarter valued at $28,000. Finally, Oliver Lagore Vanvalin Investment Group grew its position in S&P Global by 64.1% in the fourth quarter. Oliver Lagore Vanvalin Investment Group now owns 64 shares of the business services provider’s stock valued at $28,000 after acquiring an additional 25 shares during the period. 87.17% of the stock is currently owned by institutional investors.

Insider Transactions at S&P Global

In other news, CEO Douglas L. Peterson sold 6,000 shares of the company’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $424.74, for a total transaction of $2,548,440.00. Following the completion of the transaction, the chief executive officer now directly owns 162,530 shares in the company, valued at $69,032,992.20. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 0.10% of the company’s stock.

S&P Global Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 12th. Stockholders of record on Tuesday, February 27th were issued a dividend of $0.91 per share. The ex-dividend date of this dividend was Monday, February 26th. This is a positive change from S&P Global’s previous quarterly dividend of $0.90. This represents a $3.64 dividend on an annualized basis and a dividend yield of 0.89%. S&P Global’s payout ratio is 44.23%.

S&P Global Company Profile

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 through S&P Global Market Intelligence, S&P Global Ratings, S&P Global Commodity Insights, S&P Global Mobility, S&P Dow Jones Indices, and S&P Global Engineering Solutions segments.