S&P Global (NYSE:SPGI) Issues FY 2024 Earnings Guidance

S&P Global (NYSE:SPGI) updated its FY 2024 earnings guidance on Thursday. The company provided EPS guidance of 13.850-14.100 for the period, compared to the consensus EPS estimate of 14.110. The company issued revenue guidance of $13.2 billion-$13.5 billion, compared to the consensus revenue estimate of $13.4 billion.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Royal Bank of Canada restated an outperform rating and set a $500.00 target price on shares of S&P Global in a research report on Friday, February 9th. Barclays lifted their price target on S&P Global from $500.00 to $520.00 and gave the stock an overweight rating in a research note on Tuesday, April 2nd. Raymond James lifted their price target on S&P Global from $422.00 to $452.00 and gave the stock an outperform rating in a research note on Tuesday, January 9th. Erste Group Bank reaffirmed a hold rating on shares of S&P Global in a research note on Wednesday, April 3rd. Finally, Stifel Nicolaus cut their price target on S&P Global from $460.00 to $442.00 and set a buy rating for the company in a research note on Thursday, April 18th. Two analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, S&P Global has a consensus rating of Moderate Buy and an average target price of $462.00.

S&P Global Trading Up 0.0 %

NYSE SPGI opened at $413.28 on Thursday. S&P Global has a 12 month low of $338.92 and a 12 month high of $461.16. The company has a 50-day moving average of $424.13 and a 200-day moving average of $417.08. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.84 and a quick ratio of 0.84. The company has a market cap of $132.36 billion, a P/E ratio of 50.22, a P/E/G ratio of 2.32 and a beta of 1.15.

S&P Global (NYSE:SPGI) last posted its quarterly earnings data on Thursday, February 8th. The business services provider reported $3.13 EPS for the quarter, missing analysts’ consensus estimates of $3.15 by ($0.02). S&P Global had a net margin of 21.02% and a return on equity of 11.34%. The company had revenue of $3.15 billion for the quarter, compared to analyst estimates of $3.13 billion. During the same period in the prior year, the company earned $2.54 EPS. The company’s revenue was up 7.3% compared to the same quarter last year. As a group, equities analysts predict that S&P Global will post 14.11 earnings per share for the current year.

Insider Transactions at S&P Global

In other news, CEO Douglas L. Peterson sold 6,000 shares of the business’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $424.74, for a total transaction of $2,548,440.00. Following the completion of the sale, the chief executive officer now owns 162,530 shares in the company, valued at approximately $69,032,992.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.10% of the company’s stock.

About S&P Global

S&P Global Inc, together with its subsidiaries, provides credit ratings, benchmarks, analytics, and workflow solutions in the global capital, commodity, and automotive markets. It operates through S&P Global Market Intelligence, S&P Global Ratings, S&P Global Commodity Insights, S&P Global Mobility, S&P Dow Jones Indices, and S&P Global Engineering Solutions segments.