Wall Street analysts expect that S&P Global Inc (NYSE:SPGI) will announce sales of $1.62 billion for the current fiscal quarter, according to Zacks Investment Research. Five analysts have made estimates for S&P Global’s earnings. The lowest sales estimate is $1.59 billion and the highest is $1.64 billion. S&P Global reported sales of $1.59 billion during the same quarter last year, which indicates a positive year over year growth rate of 1.9%. The company is expected to announce its next earnings report on Tuesday, February 5th.
According to Zacks, analysts expect that S&P Global will report full year sales of $6.33 billion for the current financial year, with estimates ranging from $6.32 billion to $6.36 billion. For the next financial year, analysts expect that the business will post sales of $6.67 billion, with estimates ranging from $6.60 billion to $6.71 billion. Zacks Investment Research’s sales averages 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 released its quarterly earnings data on Thursday, October 25th. The business services provider reported $2.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.01 by $0.10. S&P Global had a net margin of 27.10% and a return on equity of 340.41%. The company had revenue of $1.55 billion during the quarter, compared to analyst estimates of $1.58 billion.
Shares of S&P Global stock traded down $1.78 during trading hours on Friday, hitting $183.42. The company’s stock had a trading volume of 473,691 shares, compared to its average volume of 1,489,102. S&P Global has a 1-year low of $162.25 and a 1-year high of $217.31. The firm has a market capitalization of $45.88 billion, a P/E ratio of 26.62, a PEG ratio of 1.48 and a beta of 1.17. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 3.82.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 12th. Stockholders of record on Wednesday, November 28th will be paid a $0.50 dividend. The ex-dividend date of this dividend is Tuesday, November 27th. This represents a $2.00 annualized dividend and a dividend yield of 1.09%. S&P Global’s dividend payout ratio (DPR) is presently 29.03%.
In other S&P Global news, SVP Nancy Luquette sold 225 shares of the stock in a transaction on Monday, November 5th. The shares were sold at an average price of $183.51, for a total transaction of $41,289.75. Following the transaction, the senior vice president now directly owns 306 shares in the company, valued at approximately $56,154.06. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.20% of the stock is currently owned by corporate insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Great Lakes Advisors LLC boosted its stake in S&P Global by 10.2% during the 3rd quarter. Great Lakes Advisors LLC now owns 2,387 shares of the business services provider’s stock valued at $466,000 after acquiring an additional 220 shares during the last quarter. Carnegie Capital Asset Management LLC boosted its stake in S&P Global by 100.0% during the 3rd quarter. Carnegie Capital Asset Management LLC now owns 2,100 shares of the business services provider’s stock valued at $380,000 after acquiring an additional 1,050 shares during the last quarter. Central Bank & Trust Co. boosted its stake in S&P Global by 1.4% during the 3rd quarter. Central Bank & Trust Co. now owns 33,761 shares of the business services provider’s stock valued at $6,596,000 after acquiring an additional 476 shares during the last quarter. Belpointe Asset Management LLC boosted its stake in S&P Global by 40.1% during the 3rd quarter. Belpointe Asset Management LLC now owns 4,005 shares of the business services provider’s stock valued at $783,000 after acquiring an additional 1,147 shares during the last quarter. Finally, Vanguard Group Inc. boosted its stake in S&P Global by 1.0% during the 3rd quarter. Vanguard Group Inc. now owns 20,446,977 shares of the business services provider’s stock valued at $3,995,135,000 after acquiring an additional 195,642 shares during the last quarter. Hedge funds and other institutional investors own 82.97% of the company’s stock.
S&P Global Company Profile
S&P Global Inc provides independent ratings, benchmarks, analytics, and data to the capital and commodity markets worldwide. It operates through three segments: Ratings, Market and Commodities Intelligence, and S&P Dow Jones Indices. The Ratings segment provides credit ratings, research, and analytics to investors, issuers, and other market participants.
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