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.
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.
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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