Wall Street brokerages expect that S&P Global Inc (NYSE:SPGI) will post sales of $1.62 billion for the current fiscal quarter, according to Zacks Investment Research. Five analysts have issued estimates for S&P Global’s earnings, with estimates ranging from $1.59 billion to $1.64 billion. S&P Global posted sales of $1.59 billion in the same quarter last year, which would indicate a positive year over year growth rate of 1.9%. The company is expected to announce its next earnings results on Tuesday, February 5th.
On average, 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 year, analysts anticipate that the company will report sales of $6.67 billion, with estimates ranging from $6.60 billion to $6.71 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for S&P Global.
S&P Global (NYSE:SPGI) last announced its quarterly earnings results on Thursday, October 25th. The business services provider reported $2.11 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.01 by $0.10. S&P Global had a return on equity of 340.41% and a net margin of 27.10%. The business had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.58 billion.
SPGI has been the topic of several research reports. UBS Group decreased their target price on S&P Global from $242.00 to $241.00 and set a “buy” rating on the stock in a research note on Friday, September 21st. Goldman Sachs Group initiated coverage on S&P Global in a research note on Wednesday, November 14th. They set a “buy” rating and a $225.00 target price on the stock. Morgan Stanley set a $202.00 target price on S&P Global and gave the stock a “hold” rating in a research note on Friday, October 26th. ValuEngine lowered S&P Global from a “buy” rating to a “hold” rating in a research note on Tuesday, October 9th. Finally, Zacks Investment Research raised S&P Global from a “sell” rating to a “hold” rating in a research note on Friday, October 5th. Nine investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. S&P Global has a consensus rating of “Hold” and a consensus target price of $208.00.
In other S&P Global news, SVP Nancy Luquette sold 225 shares of the stock in a transaction dated Monday, November 5th. The stock was sold at an average price of $183.51, for a total value of $41,289.75. Following the sale, the senior vice president now owns 306 shares of the company’s stock, valued at approximately $56,154.06. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.20% of the stock is owned by company insiders.
Hedge funds have recently bought and sold shares of the business. Glenmede Trust Co. NA raised its position in S&P Global by 1,004.1% in the 2nd quarter. Glenmede Trust Co. NA now owns 177,092 shares of the business services provider’s stock valued at $36,107,000 after purchasing an additional 161,052 shares in the last quarter. Bank of America Corp DE raised its position in S&P Global by 1.2% in the 2nd quarter. Bank of America Corp DE now owns 1,194,906 shares of the business services provider’s stock valued at $243,630,000 after purchasing an additional 13,859 shares in the last quarter. USS Investment Management Ltd raised its position in S&P Global by 24.2% in the 3rd quarter. USS Investment Management Ltd now owns 966,695 shares of the business services provider’s stock valued at $188,887,000 after purchasing an additional 188,210 shares in the last quarter. Davy Asset Management Ltd acquired a new stake in S&P Global in the 2nd quarter valued at about $1,576,000. Finally, Marshall Wace LLP raised its position in S&P Global by 3,985.1% in the 2nd quarter. Marshall Wace LLP now owns 389,800 shares of the business services provider’s stock valued at $79,476,000 after purchasing an additional 380,258 shares in the last quarter. 82.97% of the stock is currently owned by institutional investors.
SPGI traded down $4.13 during mid-day trading on Friday, hitting $173.49. 3,663,400 shares of the stock were exchanged, compared to its average volume of 1,310,283. S&P Global has a 1-year low of $164.99 and a 1-year high of $217.31. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 3.82. The firm has a market cap of $44.56 billion, a price-to-earnings ratio of 24.86, a PEG ratio of 1.44 and a beta of 1.16.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 12th. Shareholders of record on Wednesday, November 28th will be given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 1.15%. The ex-dividend date is Tuesday, November 27th. S&P Global’s dividend payout ratio is currently 29.03%.
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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