Brokerages Expect S&P Global Inc. (NYSE: SPGI) to Post EPS of $ 3.07
Analysts expect S&P Global Inc. (NYSE: SPGI) to post earnings of $ 3.07 per share for the current fiscal quarter, according to Zacks investment research. Five analysts have provided earnings estimates for S&P Global. The lowest EPS estimate is $ 3.03 and the highest is $ 3.16. S&P Global reported earnings of $ 2.71 per share for the same quarter last year, indicating a positive year-over-year growth rate of 13.3%. The company is expected to announce its next quarterly earnings report on Tuesday, February 8.
According to Zacks, analysts expect S&P Global to report annual earnings of $ 13.62 per share for the current year, with EPS estimates ranging from $ 13.59 to $ 13.71. For the next fiscal year, analysts expect the company to report earnings of $ 14.56 per share, with EPS estimates ranging from $ 14.03 to $ 15.30. Zacks EPS Averages is an average based on a survey of seller-side research analysts who follow S&P Global.
S&P Global (NYSE: SPGI) last released its quarterly results on Tuesday, October 26. The business services provider reported EPS of $ 3.54 for the quarter, beating analyst consensus estimates of $ 3.18 by $ 0.36. S&P Global reported a return on equity of 260.75% and a net margin of 34.72%. The company posted revenue of $ 2.09 billion for the quarter, compared to analysts’ expectations of $ 1.99 billion. During the same period of the previous year, the company achieved earnings per share of $ 2.85. The company’s revenue increased 13.1% compared to the same quarter last year.
Several research firms recently commented on SPGI. Oppenheimer increased its price target on S&P Global from $ 476.00 to $ 550.00 and rated the company as “outperforming” in a report released Thursday, September 16. Raymond James increased his price target on S&P Global from $ 457.00 to $ 497.00 and gave the company an âoutperformanceâ rating in a report released on Wednesday, October 27. Finally, Morgan Stanley increased its price target on S&P Global from $ 483.00 to $ 508.00 and assigned the company an “overweight” rating in a report released on Wednesday, October 27. Ten research analysts rated the stock with a buy rating. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $ 469.80.
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A number of large investors have recently changed their positions in the stock. Eastern Bank increased its position in S&P Global by 0.8% in the third quarter. Eastern Bank now owns 2,908 shares of the business services provider valued at $ 1,236,000 after purchasing 23 additional shares during the period. Private Trust Co. NA increased its position in S&P Global by 0.6% in the third quarter. Private Trust Co. NA now owns 4,067 shares of the business service provider valued at $ 1,728,000 after purchasing 24 additional shares during the period. Farmers & Merchants Investments Inc. increased its stake in S&P Global by 18.9% in the third quarter. Farmers & Merchants Investments Inc. now owns 151 shares of the business service provider valued at $ 64,000 after purchasing 24 additional shares in the last quarter. Hamilton Point Investment Advisors LLC increased its stake in S&P Global by 0.6% in the third quarter. Hamilton Point Investment Advisors LLC now owns 3,824 shares of the business services provider valued at $ 1,625,000 after buying 24 more shares in the last quarter. Finally, Checchi Capital Advisers LLC increased its stake in S&P Global by 1.1% in the second quarter. Checchi Capital Advisers LLC now owns 2,358 shares of the business services provider valued at $ 968,000 after buying 25 more shares in the last quarter. Hedge funds and other institutional investors hold 91.38% of the company’s shares.
Actions of S&P Global Equities traded up $ 0.48 during trading hours on Friday, reaching $ 473.74. 1,342,569 shares of the company were traded, for an average volume of 1,393,686. S&P Global has a 1-year low of $ 303.50 and a 1-year high of $ 484.21. The stock’s fifty-day moving average is $ 462.19 and its 200-day moving average is $ 439.84. The company has a debt to equity ratio of 2.15, a rapid ratio of 2.26, and a current ratio of 2.26. The company has a market cap of $ 114.17 billion, a PE ratio of 40.84, a PEG ratio of 2.88 and a beta of 0.99.
The company also recently announced a quarterly dividend, which was paid on Friday, December 10. Shareholders of record on Friday, November 26 received a dividend of $ 0.77 per share. The ex-dividend date was Wednesday, November 24. This represents an annualized dividend of $ 3.08 and a dividend yield of 0.65%. S&P Global’s dividend payout ratio (DPR) is 26.55%.
About S&P Global
S&P Global, Inc is committed to providing transparent and independent ratings, benchmarks, analysis and data to capital and commodity markets around the world. It operates through the following segments: ratings, market intelligence, platforms and indices. The Ratings segment offers credit ratings, research and analysis to investors, issuers and other market participants.
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