S&P Global Inc. (NYSE:SPGI) Expected to Post Earnings of $1.55 Per Share
Wall Street analysts expect S&P Global Inc. (NYSE:SPGI) to post $1.55 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for S&P Global’s earnings, with estimates ranging from $1.48 to $1.58. S&P Global reported earnings per share of $1.44 in the same quarter last year, which indicates a positive year over year growth rate of 7.6%. The company is scheduled to report its next earnings results on Thursday, July 27th.
According to Zacks, analysts expect that S&P Global will report full year earnings of $6.17 per share for the current year, with EPS estimates ranging from $6.10 to $6.20. For the next financial year, analysts forecast that the company will post earnings of $6.82 per share, with EPS estimates ranging from $6.68 to $7.02. Zacks’ earnings per share calculations are an average based on a survey of analysts that follow S&P Global.
S&P Global (NYSE:SPGI) last announced its earnings results on Tuesday, April 25th. The business services provider reported $1.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.39 by $0.23. The business had revenue of $1.45 billion for the quarter, compared to analysts’ expectations of $1.37 billion. S&P Global had a return on equity of 245.38% and a net margin of 38.30%. S&P Global’s revenue was up 8.4% compared to the same quarter last year.
Several analysts recently commented on SPGI shares. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $153.00 target price (up from $139.00) on shares of S&P Global in a report on Wednesday, April 26th. Raymond James Financial, Inc. raised S&P Global from a “market perform” rating to an “outperform” rating and set a $143.00 target price on the stock in a report on Monday, April 17th. Argus reaffirmed a “buy” rating and set a $158.00 target price (up from $150.00) on shares of S&P Global in a report on Monday, May 29th. Zacks Investment Research raised S&P Global from a “hold” rating to a “buy” rating and set a $145.00 target price on the stock in a report on Tuesday, April 11th. Finally, Barclays PLC raised their target price on S&P Global from $150.00 to $155.00 and gave the stock an “overweight” rating in a report on Wednesday, June 28th. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $145.00.
In other S&P Global news, Director Marco Alvera purchased 400 shares of the stock in a transaction on Tuesday, May 30th. The shares were bought at an average price of $140.09 per share, for a total transaction of $56,036.00. Following the completion of the transaction, the director now owns 400 shares of the company’s stock, valued at approximately $56,036. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.20% of the stock is owned by company insiders.
A number of institutional investors have recently modified their holdings of the company. Lau Associates LLC acquired a new position in shares of S&P Global during the first quarter worth about $209,000. Highbridge Capital Management LLC acquired a new position in shares of S&P Global during the fourth quarter worth about $26,784,000. Kentucky Retirement Systems Insurance Trust Fund acquired a new position in shares of S&P Global during the fourth quarter worth about $902,000. Kentucky Retirement Systems acquired a new position in shares of S&P Global during the fourth quarter worth about $2,022,000. Finally, USA Financial Portformulas Corp increased its position in shares of S&P Global by 11.4% in the fourth quarter. USA Financial Portformulas Corp now owns 22,907 shares of the business services provider’s stock worth $2,463,000 after buying an additional 2,352 shares in the last quarter. Institutional investors own 88.33% of the company’s stock.
S&P Global (NYSE SPGI) traded up 1.67% on Thursday, hitting $148.79. The stock had a trading volume of 1,338,370 shares. S&P Global has a 12 month low of $104.75 and a 12 month high of $150.40. The stock has a market cap of $38.36 billion, a P/E ratio of 17.74 and a beta of 1.52. The company’s 50 day moving average is $143.34 and its 200-day moving average is $129.50.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 12th. Investors of record on Monday, August 28th will be issued a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a yield of 1.10%. The ex-dividend date is Thursday, August 24th. S&P Global’s dividend payout ratio (DPR) is 19.57%.
S&P Global Company Profile
S&P Global Inc, formerly McGraw Hill Financial Inc, is a provider of ratings, benchmarks, analytics and data to the capital and commodity markets around the world. The Company operates through three segments: Ratings, which provides credit ratings, research and analytics to investors, issuers and other market participants; Market and Commodities Intelligence, which offers multi-asset-class data, research and analytical capabilities that integrate cross-asset analytics and desktop services, and deliver their customers in the commodity and energy markets access to information, data, analytic services and pricing and benchmarks, and S&P Dow Jones Indices (Indices), which is an index provider that maintains a range of valuation and index benchmarks for investment advisors, wealth managers and institutional investors.
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