Zacks Research Weighs in on S&P Global Inc.’s FY2024 Earnings (NYSE:SPGI)

S&P Global Inc. (NYSE:SPGI) – Analysts at Zacks Research upped their FY2024 earnings estimates for S&P Global in a research report issued on Tuesday, May 14th. Zacks Research analyst R. Department now anticipates that the business services provider will post earnings of $13.93 per share for the year, up from their prior estimate of $13.90. The consensus estimate for S&P Global’s current full-year earnings is $14.10 per share. Zacks Research also issued estimates for S&P Global’s FY2025 earnings at $15.57 EPS.

S&P Global (NYSE:SPGI) last posted its earnings results on Thursday, April 25th. The business services provider reported $4.01 EPS for the quarter, topping analysts’ consensus estimates of $3.68 by $0.33. S&P Global had a net margin of 22.01% and a return on equity of 12.20%. The business had revenue of $3.49 billion for the quarter, compared to analysts’ expectations of $3.39 billion.

Other analysts have also recently issued reports about the stock. Barclays upped their price target on shares of S&P Global from $500.00 to $520.00 and gave the company an “overweight” rating in a report on Tuesday, April 2nd. Erste Group Bank reaffirmed a “hold” rating on shares of S&P Global in a report on Wednesday, April 3rd. BMO Capital Markets upped their price target on shares of S&P Global from $480.00 to $483.00 and gave the company an “outperform” rating in a report on Monday, April 1st. Stifel Nicolaus upped their price target on shares of S&P Global from $442.00 to $446.00 and gave the company a “buy” rating in a report on Friday, April 26th. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $500.00 target price on shares of S&P Global in a research note on Friday, February 9th. Two research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, S&P Global has an average rating of “Moderate Buy” and an average target price of $467.89.

S&P Global Trading Up 0.5 %

SPGI opened at $438.02 on Thursday. The stock has a market capitalization of $137.06 billion, a PE ratio of 49.11, a P/E/G ratio of 2.39 and a beta of 1.14. The firm’s fifty day moving average price is $423.20 and its 200 day moving average price is $424.04. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.92 and a quick ratio of 0.92. S&P Global has a 12-month low of $340.49 and a 12-month high of $461.16.

Hedge Funds Weigh In On S&P Global

Institutional investors have recently modified their holdings of the company. Private Wealth Management Group LLC bought a new position in shares of S&P Global during the fourth quarter worth about $26,000. Pineridge Advisors LLC bought a new position in shares of S&P Global during the fourth quarter worth about $26,000. Valued Wealth Advisors LLC bought a new position in shares of S&P Global during the fourth quarter worth about $28,000. Oliver Lagore Vanvalin Investment Group grew its position in shares of S&P Global by 64.1% during the fourth quarter. Oliver Lagore Vanvalin Investment Group now owns 64 shares of the business services provider’s stock worth $28,000 after acquiring an additional 25 shares during the last quarter. Finally, LFA Lugano Financial Advisors SA grew its position in shares of S&P Global by 200.0% during the fourth quarter. LFA Lugano Financial Advisors SA now owns 75 shares of the business services provider’s stock worth $33,000 after acquiring an additional 50 shares during the last quarter. Institutional investors own 87.17% of the company’s stock.

S&P Global Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 12th. Stockholders of record on Wednesday, May 29th will be given a dividend of $0.91 per share. The ex-dividend date is Wednesday, May 29th. This represents a $3.64 annualized dividend and a dividend yield of 0.83%. S&P Global’s dividend payout ratio is currently 40.81%.

About S&P Global

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.