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%.
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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.
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