Brokerages Expect S&P Global Inc. (SPGI) to Post $1.51 Earnings Per Share
Equities analysts expect S&P Global Inc. (NYSE:SPGI) to post $1.51 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for S&P Global’s earnings, with the lowest EPS estimate coming in at $1.44 and the highest estimate coming in at $1.57. S&P Global reported earnings per share of $1.43 during the same quarter last year, which suggests a positive year-over-year growth rate of 5.6%. The company is scheduled to report its next quarterly earnings report on Thursday, November 2nd.
According to Zacks, analysts expect that S&P Global will report full year earnings of $6.32 per share for the current year, with EPS estimates ranging from $6.25 to $6.45. For the next year, analysts anticipate that the company will post earnings of $6.95 per share, with EPS estimates ranging from $6.83 to $7.10. Zacks’ EPS calculations are an average based on a survey of research firms that cover S&P Global.
S&P Global (NYSE:SPGI) last issued its quarterly earnings results on Thursday, July 27th. The business services provider reported $1.72 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.57 by $0.15. The business had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.46 billion. S&P Global had a net margin of 38.78% and a return on equity of 202.37%. The firm’s quarterly revenue was up 1.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.44 EPS.
A number of brokerages recently issued reports on SPGI. Zacks Investment Research upgraded shares of S&P Global from a “hold” rating to a “buy” rating and set a $175.00 price objective for the company in a report on Thursday. Barclays PLC boosted their price objective on shares of S&P Global from $160.00 to $170.00 and gave the company an “overweight” rating in a report on Friday, September 15th. UBS AG boosted their price objective on shares of S&P Global from $154.00 to $175.00 and gave the company a “buy” rating in a report on Friday, July 28th. BMO Capital Markets boosted their price objective on shares of S&P Global from $161.00 to $164.00 and gave the company an “outperform” rating in a report on Friday, July 28th. Finally, Morgan Stanley restated an “equal weight” rating and set a $146.00 price objective (up previously from $145.00) on shares of S&P Global in a report on Friday, July 14th. One investment analyst has rated the stock with a hold rating and nine have given a buy rating to the company. S&P Global currently has a consensus rating of “Buy” and a consensus price target of $157.50.
In other news, SVP Nancy Luquette sold 860 shares of the company’s stock in a transaction that occurred on Wednesday, August 23rd. The shares were sold at an average price of $151.50, for a total value of $130,290.00. Following the completion of the transaction, the senior vice president now owns 106 shares in the company, valued at $16,059. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.20% of the stock is owned by corporate insiders.
Several institutional investors have recently added to or reduced their stakes in the company. Wedbush Securities Inc. lifted its position in shares of S&P Global by 0.3% in the second quarter. Wedbush Securities Inc. now owns 2,012 shares of the business services provider’s stock worth $294,000 after purchasing an additional 6 shares in the last quarter. Guardian Life Insurance Co. of America lifted its position in shares of S&P Global by 1.0% in the first quarter. Guardian Life Insurance Co. of America now owns 999 shares of the business services provider’s stock worth $131,000 after purchasing an additional 10 shares in the last quarter. Segall Bryant & Hamill LLC lifted its position in shares of S&P Global by 0.4% in the first quarter. Segall Bryant & Hamill LLC now owns 7,780 shares of the business services provider’s stock worth $1,017,000 after purchasing an additional 30 shares in the last quarter. TNB Financial lifted its position in shares of S&P Global by 1.9% in the second quarter. TNB Financial now owns 2,202 shares of the business services provider’s stock worth $321,000 after purchasing an additional 42 shares in the last quarter. Finally, Parallel Advisors LLC lifted its position in shares of S&P Global by 5.4% in the first quarter. Parallel Advisors LLC now owns 971 shares of the business services provider’s stock worth $131,000 after purchasing an additional 50 shares in the last quarter. Institutional investors own 85.34% of the company’s stock.
Shares of S&P Global (SPGI) traded up 0.69% during midday trading on Friday, hitting $156.82. 820,964 shares of the company traded hands. The stock has a market capitalization of $40.30 billion, a P/E ratio of 18.27 and a beta of 1.51. The stock’s 50-day moving average is $151.93 and its 200 day moving average is $142.61. S&P Global has a 12-month low of $107.21 and a 12-month high of $158.35.
The business also recently declared a quarterly dividend, which was paid on Tuesday, September 12th. Stockholders of record on Monday, August 28th were issued a $0.41 dividend. This represents a $1.64 annualized dividend and a dividend yield of 1.05%. The ex-dividend date was Thursday, August 24th. S&P Global’s dividend payout ratio (DPR) is presently 19.16%.
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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