S&P Global (NYSE:SPGI) posted its earnings results on Thursday. The business services provider reported $2.43 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.28 by $0.15, Briefing.com reports. The firm had revenue of $1.70 billion during the quarter, compared to the consensus estimate of $1.65 billion. S&P Global had a net margin of 31.02% and a return on equity of 341.54%. The firm’s revenue for the quarter was up 5.9% on a year-over-year basis. During the same period last year, the firm posted $2.17 EPS. S&P Global updated its FY19 guidance to $9.10-9.25 EPS.
Shares of NYSE SPGI traded down $3.27 during midday trading on Friday, reaching $253.95. 1,335,243 shares of the stock were exchanged, compared to its average volume of 1,033,060. The stock’s 50 day simple moving average is $236.15. The company has a debt-to-equity ratio of 7.52, a current ratio of 1.37 and a quick ratio of 1.20. S&P Global has a 52-week low of $156.68 and a 52-week high of $262.83. The stock has a market capitalization of $63.33 billion, a P/E ratio of 29.88, a P/E/G ratio of 2.03 and a beta of 1.08.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 11th. Stockholders of record on Tuesday, August 27th will be issued a dividend of $0.57 per share. The ex-dividend date is Monday, August 26th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 0.90%. S&P Global’s dividend payout ratio (DPR) is presently 26.82%.
In related news, CEO Alexander Matturri, Jr. sold 1,007 shares of the firm’s stock in a transaction that occurred on Tuesday, July 9th. The shares were sold at an average price of $230.44, for a total value of $232,053.08. Following the sale, the chief executive officer now directly owns 18,723 shares of the company’s stock, valued at $4,314,528.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Courtney Geduldig sold 4,105 shares of the firm’s stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $217.57, for a total transaction of $893,124.85. Following the completion of the sale, the executive vice president now directly owns 7,917 shares in the company, valued at $1,722,501.69. The disclosure for this sale can be found here. Insiders sold 21,312 shares of company stock worth $4,593,028 over the last three months. Corporate insiders own 0.20% of the company’s stock.
A number of equities research analysts have recently commented on SPGI shares. BMO Capital Markets lifted their price target on shares of S&P Global to $255.00 and gave the stock a “market perform” rating in a report on Friday. Cantor Fitzgerald lifted their price target on shares of S&P Global from $244.00 to $294.00 and gave the stock an “overweight” rating in a report on Friday. Stifel Nicolaus lifted their price target on shares of S&P Global from $231.00 to $274.00 and gave the stock a “hold” rating in a report on Friday. Morgan Stanley lifted their price target on shares of S&P Global from $254.00 to $262.00 and gave the stock an “equal weight” rating in a report on Friday. Finally, UBS Group lifted their price target on shares of S&P Global from $252.00 to $260.00 and gave the stock a “buy” rating in a report on Wednesday, July 10th. Five equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $244.92.
About S&P Global
S&P Global Inc, together with its subsidiaries, provides ratings, benchmarks, analytics, and data to the capital and commodity markets worldwide. The company operates through four segments: S&P Global Ratings (Ratings), S&P Global Market Intelligence (Market Intelligence), S&P Global Platts (Platts), and S&P Dow Jones Indices (Indices).
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