Erste Group Bank Lowers Earnings Estimates for S&P Global

S&P Global Inc. (NYSE:SPGI) – Erste Group Bank cut their FY2026 earnings per share estimates for shares of S&P Global in a research note issued to investors on Wednesday, August 5th. Erste Group Bank analyst S. Lingnau now expects that the business services provider will post earnings of $17.85 per share for the year, down from their previous forecast of $18.68. The consensus estimate for S&P Global’s current full-year earnings is $17.74 per share.

S&P Global (NYSE:SPGI) last released its quarterly earnings data on Tuesday, July 28th. The business services provider reported $4.83 EPS for the quarter, beating the consensus estimate of $4.81 by $0.02. S&P Global had a return on equity of 17.74% and a net margin of 31.37%.The company had revenue of $4.15 billion during the quarter, compared to the consensus estimate of $4.09 billion. During the same quarter in the prior year, the firm posted $4.43 EPS. The firm’s revenue for the quarter was up 10.4% compared to the same quarter last year. S&P Global has set its FY 2026 guidance at 17.500-17.750 EPS.

A number of other analysts have also recently commented on the stock. Rothschild & Co Redburn cut their price target on shares of S&P Global from $540.00 to $520.00 and set a “buy” rating for the company in a research note on Thursday, June 18th. Mizuho upped their target price on shares of S&P Global from $551.00 to $554.00 and gave the company an “outperform” rating in a report on Tuesday, May 5th. Evercore cut their target price on shares of S&P Global from $625.00 to $560.00 and set an “outperform” rating for the company in a research note on Thursday, April 16th. Weiss Ratings reiterated a “hold (c)” rating on shares of S&P Global in a report on Monday, July 6th. Finally, Jefferies Financial Group boosted their price target on S&P Global from $500.00 to $535.00 and gave the stock a “buy” rating in a research report on Monday, April 27th. Eighteen investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $523.59.

S&P Global Price Performance

Shares of SPGI opened at $408.56 on Wednesday. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.40. The company’s fifty day simple moving average is $422.67 and its 200 day simple moving average is $430.91. S&P Global has a 1-year low of $381.61 and a 1-year high of $579.05. The company has a market cap of $120.44 billion, a price-to-earnings ratio of 24.94, a PEG ratio of 1.85 and a beta of 1.07.

Institutional Trading of S&P Global

A number of hedge funds have recently modified their holdings of the stock. Dorsey Asset Management LLC acquired a new stake in S&P Global during the 1st quarter worth approximately $94,716,000. Troy Asset Management Ltd grew its holdings in S&P Global by 26.2% in the 4th quarter. Troy Asset Management Ltd now owns 41,706 shares of the business services provider’s stock valued at $21,795,000 after buying an additional 8,652 shares in the last quarter. Capital International Inc. CA grew its holdings in S&P Global by 11.6% in the 4th quarter. Capital International Inc. CA now owns 70,716 shares of the business services provider’s stock valued at $36,955,000 after buying an additional 7,343 shares in the last quarter. Pictet Asset Management Holding SA increased its position in S&P Global by 6.1% during the 4th quarter. Pictet Asset Management Holding SA now owns 205,642 shares of the business services provider’s stock worth $107,480,000 after buying an additional 11,843 shares during the period. Finally, ABN Amro Investment Solutions increased its position in S&P Global by 6.3% during the 4th quarter. ABN Amro Investment Solutions now owns 151,284 shares of the business services provider’s stock worth $79,060,000 after buying an additional 8,997 shares during the period. Institutional investors and hedge funds own 87.17% of the company’s stock.

S&P Global Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Wednesday, August 26th will be given a $0.97 dividend. The ex-dividend date of this dividend is Wednesday, August 26th. This represents a $3.88 annualized dividend and a dividend yield of 0.9%. S&P Global’s dividend payout ratio is presently 23.69%.

S&P Global Company Profile

S&P Global is a leading provider of financial information, analytics and benchmark indices that serve investors, issuers, corporations and public institutions worldwide. The company operates through well-known businesses that include credit ratings, market intelligence and index licensing, as well as commodity and energy information services. Its products and services are used to assess creditworthiness, inform investment decisions, construct and track benchmark portfolios, and support risk and commodity market analysis.

S&P Global Ratings provides independent credit ratings, research and data used by fixed income investors and capital market participants to evaluate issuer and transaction risk.