Brokerages predict that S&P Global Inc (NYSE:SPGI) will report $1.97 earnings per share (EPS) for the current quarter, according to Zacks. Four analysts have provided estimates for S&P Global’s earnings, with estimates ranging from $1.93 to $2.03. S&P Global reported earnings of $1.62 per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 21.6%. The business is expected to report its next quarterly earnings report on Tuesday, April 24th.

According to Zacks, analysts expect that S&P Global will report full year earnings of $8.34 per share for the current fiscal year, with EPS estimates ranging from $7.26 to $8.55. For the next fiscal year, analysts anticipate that the business will post earnings of $9.29 per share, with EPS estimates ranging from $8.25 to $9.71. Zacks’ EPS averages are a mean average based on a survey of sell-side analysts that cover S&P Global.

S&P Global (NYSE:SPGI) last posted its earnings results on Tuesday, February 6th. The business services provider reported $1.85 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.63 by $0.22. The business had revenue of $1.59 billion for the quarter, compared to analyst estimates of $1.50 billion. S&P Global had a net margin of 24.69% and a return on equity of 199.44%. The business’s quarterly revenue was up 13.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.28 EPS.

Several research firms recently weighed in on SPGI. BMO Capital Markets lifted their target price on shares of S&P Global from $183.00 to $186.00 and gave the company a “market perform” rating in a report on Wednesday, February 7th. Credit Suisse Group boosted their price objective on shares of S&P Global from $183.00 to $222.00 and gave the stock an “outperform” rating in a report on Wednesday, February 7th. Barclays boosted their price objective on shares of S&P Global from $190.00 to $205.00 and gave the stock an “overweight” rating in a report on Wednesday, February 7th. Cantor Fitzgerald boosted their price objective on shares of S&P Global from $190.00 to $196.00 and gave the stock an “overweight” rating in a report on Wednesday, February 7th. Finally, Zacks Investment Research upgraded shares of S&P Global from a “hold” rating to a “buy” rating and set a $204.00 price objective on the stock in a report on Tuesday, January 23rd. Seven research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $186.64.

S&P Global (SPGI) traded up $4.09 during trading hours on Wednesday, hitting $186.03. 1,567,544 shares of the company traded hands, compared to its average volume of 1,349,024. The company has a debt-to-equity ratio of 4.13, a current ratio of 1.35 and a quick ratio of 1.52. The firm has a market cap of $45,793.40, a price-to-earnings ratio of 32.19, a price-to-earnings-growth ratio of 1.69 and a beta of 1.52. S&P Global has a 1-year low of $126.30 and a 1-year high of $186.39.

The business also recently announced a quarterly dividend, which will be paid on Monday, March 12th. Stockholders of record on Monday, February 26th will be given a $0.50 dividend. The ex-dividend date of this dividend is Friday, February 23rd. This represents a $2.00 annualized dividend and a dividend yield of 1.08%. This is an increase from S&P Global’s previous quarterly dividend of $0.41. S&P Global’s payout ratio is presently 28.37%.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Korea Investment CORP increased its position in shares of S&P Global by 11.1% in the 3rd quarter. Korea Investment CORP now owns 310,109 shares of the business services provider’s stock worth $48,473,000 after purchasing an additional 30,900 shares during the last quarter. Prudential Financial Inc. increased its position in shares of S&P Global by 3.4% in the 3rd quarter. Prudential Financial Inc. now owns 1,441,961 shares of the business services provider’s stock worth $225,392,000 after purchasing an additional 47,930 shares during the last quarter. Milestone Resources Group Ltd bought a new stake in shares of S&P Global in the 4th quarter worth about $66,273,000. Twin Capital Management Inc. increased its position in shares of S&P Global by 90.5% in the 4th quarter. Twin Capital Management Inc. now owns 56,080 shares of the business services provider’s stock worth $9,500,000 after purchasing an additional 26,640 shares during the last quarter. Finally, Meag Munich Ergo Kapitalanlagegesellschaft MBH bought a new stake in shares of S&P Global in the 3rd quarter worth about $23,854,000. 85.21% of the stock is owned by institutional investors.

TRADEMARK VIOLATION WARNING: “” was originally published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this report on another publication, it was copied illegally and republished in violation of international copyright and trademark laws. The legal version of this report can be viewed at https://www.thecerbatgem.com/2018/02/14/1901440.html.

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.

Get a free copy of the Zacks research report on S&P Global (SPGI)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for S&P Global Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for S&P Global and related companies with MarketBeat.com's FREE daily email newsletter.