S&P Global Inc. to Post Q3 2024 Earnings of $3.35 Per Share, William Blair Forecasts (NYSE:SPGI)

S&P Global Inc. (NYSE:SPGI) – Equities researchers at William Blair reduced their Q3 2024 EPS estimates for S&P Global in a research note issued on Monday, April 29th. William Blair analyst A. Nicholas now anticipates that the business services provider will earn $3.35 per share for the quarter, down from their previous forecast of $3.46. The consensus estimate for S&P Global’s current full-year earnings is $14.03 per share. William Blair also issued estimates for S&P Global’s Q4 2024 earnings at $3.21 EPS, Q1 2025 earnings at $4.27 EPS, Q2 2025 earnings at $3.89 EPS, Q3 2025 earnings at $3.86 EPS and Q4 2025 earnings at $3.72 EPS.

S&P Global (NYSE:SPGI) last posted its quarterly earnings data on Thursday, April 25th. The business services provider reported $4.01 EPS for the quarter, beating the consensus estimate of $3.68 by $0.33. S&P Global had a net margin of 22.01% and a return on equity of 12.20%. The firm had revenue of $3.49 billion during the quarter, compared to analyst estimates of $3.39 billion.

Other research analysts have also recently issued research reports about the company. Oppenheimer boosted their price objective on S&P Global from $480.00 to $482.00 and gave the stock an “outperform” rating in a research report on Friday. Stifel Nicolaus increased their price target on shares of S&P Global from $442.00 to $446.00 and gave the company a “buy” rating in a research report on Friday. BMO Capital Markets lifted their price objective on shares of S&P Global from $480.00 to $483.00 and gave the stock an “outperform” rating in a research report on Monday, April 1st. Royal Bank of Canada reiterated an “outperform” rating and issued a $500.00 target price on shares of S&P Global in a research note on Friday, February 9th. Finally, Erste Group Bank restated a “hold” rating on shares of S&P Global in a research note on Wednesday, April 3rd. Two equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, S&P Global presently has a consensus rating of “Moderate Buy” and an average price target of $462.60.

S&P Global Stock Performance

SPGI stock opened at $415.33 on Tuesday. The business has a 50 day moving average of $423.63 and a 200-day moving average of $418.41. The firm has a market cap of $129.96 billion, a PE ratio of 46.56, a P/E/G ratio of 2.35 and a beta of 1.15. S&P Global has a 12-month low of $340.49 and a 12-month high of $461.16. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.33.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. D.B. Root & Company LLC boosted its stake in S&P Global by 3.6% during the fourth quarter. D.B. Root & Company LLC now owns 662 shares of the business services provider’s stock valued at $292,000 after buying an additional 23 shares during the period. Mayflower Financial Advisors LLC raised its holdings in shares of S&P Global by 3.3% in the 4th quarter. Mayflower Financial Advisors LLC now owns 714 shares of the business services provider’s stock valued at $315,000 after acquiring an additional 23 shares in the last quarter. Allworth Financial LP boosted its position in shares of S&P Global by 1.8% during the 4th quarter. Allworth Financial LP now owns 1,356 shares of the business services provider’s stock valued at $598,000 after acquiring an additional 24 shares during the last quarter. Oakworth Capital Inc. grew its holdings in shares of S&P Global by 31.2% during the fourth quarter. Oakworth Capital Inc. now owns 101 shares of the business services provider’s stock worth $44,000 after purchasing an additional 24 shares in the last quarter. Finally, Independence Bank of Kentucky increased its position in shares of S&P Global by 1.7% in the fourth quarter. Independence Bank of Kentucky now owns 1,487 shares of the business services provider’s stock worth $655,000 after purchasing an additional 25 shares during the last quarter. 87.17% of the stock is owned by institutional investors.

Insider Activity

In other S&P Global news, CEO Douglas L. Peterson sold 6,000 shares of S&P Global stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $424.74, for a total transaction of $2,548,440.00. Following the completion of the transaction, the chief executive officer now owns 162,530 shares of the company’s stock, valued at approximately $69,032,992.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.10% of the stock is owned by company insiders.

S&P Global Company Profile

S&P Global Inc, together with its subsidiaries, provides credit ratings, benchmarks, analytics, and workflow solutions in the global capital, commodity, and automotive markets. It operates through S&P Global Market Intelligence, S&P Global Ratings, S&P Global Commodity Insights, S&P Global Mobility, S&P Dow Jones Indices, and S&P Global Engineering Solutions segments.