Zacks: Brokerages Expect S&P Global Inc. (NYSE:SPGI) Will Announce Quarterly Sales of $1.44 Billion

Wall Street analysts expect S&P Global Inc. (NYSE:SPGI) to post sales of $1.44 billion for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for S&P Global’s earnings, with estimates ranging from $1.41 billion to $1.46 billion. S&P Global also reported sales of $1.44 billion in the same quarter last year. The business is expected to issue its next quarterly earnings results on Thursday, November 2nd.

According to Zacks, analysts expect that S&P Global will report full year sales of $1.44 billion for the current financial year, with estimates ranging from $5.70 billion to $5.86 billion. For the next year, analysts forecast that the business will post sales of $6.13 billion per share, with estimates ranging from $6.04 billion to $6.21 billion. Zacks’ sales calculations are a mean average based on a survey of research firms that that provide coverage for S&P Global.

S&P Global (NYSE:SPGI) last issued its earnings results on Thursday, July 27th. The business services provider reported $1.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.57 by $0.15. The business had revenue of $1.51 billion for the quarter, compared to analysts’ expectations of $1.46 billion. S&P Global had a net margin of 38.78% and a return on equity of 202.37%. The business’s revenue for the quarter was up 1.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.44 EPS.

SPGI has been the topic of a number of research reports. Zacks Investment Research upgraded shares of S&P Global from a “hold” rating to a “buy” rating and set a $167.00 target price on the stock in a report on Monday, July 17th. UBS AG upped their price target on shares of S&P Global from $154.00 to $175.00 and gave the stock a “buy” rating in a research report on Friday. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $153.00 price target (up previously from $139.00) on shares of S&P Global in a research report on Wednesday, April 26th. BMO Capital Markets upped their price target on shares of S&P Global from $152.00 to $161.00 and gave the stock a “no rating at time” rating in a research report on Friday, July 14th. Finally, Morgan Stanley reiterated an “equal weight” rating and set a $146.00 price objective (up previously from $145.00) on shares of S&P Global in a research note on Friday, July 14th. One research analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $153.82.

In related news, Director Marco Alvera purchased 400 shares of the company’s stock in a transaction on Tuesday, May 30th. The stock was acquired at an average cost of $140.09 per share, for a total transaction of $56,036.00. Following the completion of the transaction, the director now directly owns 400 shares in the company, valued at $56,036. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.20% of the stock is owned by company insiders.

Several large investors have recently made changes to their positions in SPGI. BLS Capital Fondsmaeglerselskab A S acquired a new position in S&P Global during the fourth quarter valued at approximately $11,037,000. Quadrature Capital Ltd acquired a new position in S&P Global during the fourth quarter valued at approximately $224,000. Lau Associates LLC acquired a new position in S&P Global during the first quarter valued at approximately $209,000. Chevy Chase Trust Holdings Inc. raised its position in S&P Global by 2.9% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 222,944 shares of the business services provider’s stock valued at $29,148,000 after buying an additional 6,250 shares during the last quarter. Finally, CENTRAL TRUST Co raised its position in S&P Global by 2.6% in the first quarter. CENTRAL TRUST Co now owns 3,786 shares of the business services provider’s stock valued at $495,000 after buying an additional 96 shares during the last quarter. Institutional investors and hedge funds own 85.94% of the company’s stock.

Shares of S&P Global (NYSE:SPGI) opened at 153.59 on Tuesday. The firm’s 50-day moving average is $149.06 and its 200 day moving average is $135.56. The stock has a market capitalization of $39.47 billion, a price-to-earnings ratio of 17.89 and a beta of 1.52. S&P Global has a 52-week low of $107.21 and a 52-week high of $158.35.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 12th. Investors of record on Monday, August 28th will be given a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a yield of 1.07%. The ex-dividend date of this dividend is Thursday, August 24th. S&P Global’s payout ratio is currently 19.16%.

TRADEMARK VIOLATION WARNING: “Zacks: Brokerages Expect S&P Global Inc. (NYSE:SPGI) Will Announce Quarterly Sales of $1.44 Billion” was originally reported by Community Financial News and is owned by of Community Financial News. If you are viewing this article on another publication, it was stolen and republished in violation of US and international trademark and copyright laws. The correct version of this article can be viewed at https://www.com-unik.info/2017/08/19/zacks-brokerages-expect-sp-global-inc-nysespgi-will-announce-quarterly-sales-of-1-44-billion-updated-updated.html.

About S&P Global

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.

Get a free copy of the Zacks research report on S&P Global (SPGI)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

What are top analysts saying about S&P Global Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for S&P Global Inc. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit