Zacks Research Increases Earnings Estimates for S&P Global

S&P Global Inc. (NYSE:SPGI) – Equities researchers at Zacks Research upped their FY2024 EPS estimates for S&P Global in a report issued on Thursday, November 14th. Zacks Research analyst R. Department now anticipates that the business services provider will post earnings per share of $15.12 for the year, up from their prior estimate of $14.50. The consensus estimate for S&P Global’s current full-year earnings is $15.24 per share. Zacks Research also issued estimates for S&P Global’s Q1 2025 earnings at $4.05 EPS, Q2 2025 earnings at $4.03 EPS and FY2025 earnings at $16.14 EPS.

S&P Global (NYSE:SPGI) last announced its quarterly earnings data on Thursday, October 24th. The business services provider reported $3.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.64 by $0.25. The company had revenue of $3.58 billion during the quarter, compared to analysts’ expectations of $3.43 billion. S&P Global had a net margin of 25.80% and a return on equity of 13.72%. The business’s quarterly revenue was up 15.9% compared to the same quarter last year. During the same period in the previous year, the company earned $3.21 EPS.

A number of other equities analysts have also recently weighed in on the company. Evercore ISI initiated coverage on S&P Global in a report on Wednesday, October 2nd. They issued an “outperform” rating and a $599.00 price target for the company. UBS Group upped their price objective on shares of S&P Global from $605.00 to $610.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Raymond James cut S&P Global from an “outperform” rating to a “market perform” rating in a research note on Monday, September 23rd. BMO Capital Markets cut their target price on S&P Global from $589.00 to $564.00 and set an “outperform” rating on the stock in a research report on Friday, October 25th. Finally, Wells Fargo & Company lifted their price target on shares of S&P Global from $575.00 to $620.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 9th. Two equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $571.31.

S&P Global Trading Down 0.1 %

NYSE:SPGI opened at $502.31 on Monday. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.94 and a quick ratio of 0.94. S&P Global has a 12 month low of $407.53 and a 12 month high of $533.29. The firm has a market capitalization of $155.87 billion, a PE ratio of 44.33, a price-to-earnings-growth ratio of 2.57 and a beta of 1.18. The business’s 50-day moving average is $509.86 and its two-hundred day moving average is $480.77.

S&P Global Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 11th. Investors of record on Tuesday, November 26th will be issued a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a yield of 0.72%. The ex-dividend date of this dividend is Tuesday, November 26th. S&P Global’s payout ratio is 32.13%.

Institutional Trading of S&P Global

Large investors have recently added to or reduced their stakes in the company. HWG Holdings LP bought a new position in S&P Global during the second quarter valued at approximately $27,000. Northwest Investment Counselors LLC bought a new position in shares of S&P Global in the 3rd quarter valued at approximately $27,000. Sachetta LLC lifted its holdings in S&P Global by 103.4% in the 2nd quarter. Sachetta LLC now owns 59 shares of the business services provider’s stock worth $29,000 after purchasing an additional 30 shares during the last quarter. First Personal Financial Services acquired a new position in S&P Global during the third quarter valued at approximately $29,000. Finally, Hobbs Group Advisors LLC bought a new position in shares of S&P Global in the second quarter valued at approximately $31,000. 87.17% of the stock is owned by institutional investors and hedge funds.

About S&P Global

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.