S&P Global Inc (NYSE:SPGI) Expected to Post Quarterly Sales of $1.74 Billion
Analysts expect S&P Global Inc (NYSE:SPGI) to announce $1.74 billion in sales for the current fiscal quarter, according to Zacks Investment Research. Five analysts have provided estimates for S&P Global’s earnings, with the highest sales estimate coming in at $1.76 billion and the lowest estimate coming in at $1.73 billion. S&P Global reported sales of $1.69 billion in the same quarter last year, which indicates a positive year-over-year growth rate of 3%. The company is scheduled to report its next earnings report before the market opens on Tuesday, October 27th.
According to Zacks, analysts expect that S&P Global will report full year sales of $7.21 billion for the current fiscal year, with estimates ranging from $7.15 billion to $7.29 billion. For the next financial year, analysts anticipate that the firm will report sales of $7.48 billion, with estimates ranging from $7.30 billion to $7.75 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side analysts that that provide coverage for S&P Global.
S&P Global (NYSE:SPGI) last announced its quarterly earnings results on Tuesday, July 28th. The business services provider reported $3.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.76 by $0.64. The company had revenue of $1.94 billion for the quarter, compared to analyst estimates of $1.78 billion. S&P Global had a net margin of 36.19% and a return on equity of 1,072.73%. The firm’s revenue was up 14.0% on a year-over-year basis. During the same period in the previous year, the firm posted $2.43 EPS.
In related news, CEO Douglas L. Peterson sold 30,000 shares of the business’s stock in a transaction on Thursday, July 30th. The shares were sold at an average price of $351.44, for a total transaction of $10,543,200.00. Following the transaction, the chief executive officer now owns 173,293 shares in the company, valued at approximately $60,902,091.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Martina Cheung sold 1,398 shares of the business’s stock in a transaction on Thursday, July 30th. The shares were sold at an average price of $353.42, for a total transaction of $494,081.16. Following the transaction, the insider now owns 8,506 shares in the company, valued at approximately $3,006,190.52. The disclosure for this sale can be found here. Insiders sold a total of 43,710 shares of company stock worth $15,363,454 in the last 90 days. Corporate insiders own 0.20% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the stock. Creative Financial Designs Inc. ADV lifted its position in shares of S&P Global by 111.6% during the 3rd quarter. Creative Financial Designs Inc. ADV now owns 91 shares of the business services provider’s stock valued at $33,000 after acquiring an additional 48 shares during the period. NuWave Investment Management LLC acquired a new position in shares of S&P Global during the 2nd quarter valued at $31,000. Beese Fulmer Investment Management Inc. acquired a new position in shares of S&P Global during the 2nd quarter valued at $43,000. CX Institutional raised its holdings in S&P Global by 179.7% during the second quarter. CX Institutional now owns 179 shares of the business services provider’s stock worth $59,000 after buying an additional 115 shares during the last quarter. Finally, Coastal Capital Group Inc. raised its holdings in S&P Global by 62.5% during the second quarter. Coastal Capital Group Inc. now owns 195 shares of the business services provider’s stock worth $65,000 after buying an additional 75 shares during the last quarter. Institutional investors own 82.99% of the company’s stock.
Shares of S&P Global stock opened at $348.17 on Friday. The firm has a market capitalization of $83.91 billion, a PE ratio of 32.85, a price-to-earnings-growth ratio of 3.17 and a beta of 1.03. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 14.74. The firm’s 50 day moving average is $355.14 and its 200 day moving average is $327.70. S&P Global has a 1 year low of $186.05 and a 1 year high of $379.87.
The company also recently declared a quarterly dividend, which will be paid on Thursday, December 10th. Stockholders of record on Wednesday, November 25th will be given a $0.67 dividend. The ex-dividend date is Tuesday, November 24th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 0.77%. S&P Global’s dividend payout ratio (DPR) is currently 28.12%.
S&P Global Company Profile
S&P Global Inc, together with its subsidiaries, provides ratings, benchmarks, analytics, and data to the capital and commodity markets worldwide. The company operates through four segments: S&P Global Ratings (Ratings), S&P Global Market Intelligence (Market Intelligence), S&P Global Platts (Platts), and S&P Dow Jones Indices (Indices).
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