S&P Global (NYSE:SPGI) is set to announce its earnings results before the market opens on Tuesday, October 26th. Analysts expect the company to announce earnings of $3.17 per share for the quarter. S&P Global has set its FY 2021 guidance at $12.950-$13.150 EPS.Investors interested in participating in the company’s conference call can do so using this link.
S&P Global (NYSE:SPGI) last posted its quarterly earnings data on Thursday, July 29th. The business services provider reported $3.62 EPS for the quarter, beating the Zacks’ consensus estimate of $3.28 by $0.34. S&P Global had a net margin of 31.42% and a return on equity of 347.40%. The company had revenue of $2.11 billion for the quarter, compared to analyst estimates of $2 billion. On average, analysts expect S&P Global to post $13 EPS for the current fiscal year and $14 EPS for the next fiscal year.
NYSE:SPGI opened at $450.49 on Friday. The firm has a market cap of $108.57 billion, a P/E ratio of 44.25, a P/E/G ratio of 3.43 and a beta of 0.95. S&P Global has a 52 week low of $303.50 and a 52 week high of $456.63. The firm’s fifty day moving average is $440.34 and its 200-day moving average is $411.42. The company has a debt-to-equity ratio of 3.09, a quick ratio of 2.09 and a current ratio of 2.09.
SPGI has been the topic of several research analyst reports. Stifel Nicolaus increased their target price on shares of S&P Global from $446.00 to $467.00 and gave the stock a “buy” rating in a research note on Tuesday, July 6th. Raymond James upped their price objective on shares of S&P Global from $455.00 to $457.00 and gave the stock an “outperform” rating in a report on Tuesday, October 5th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of S&P Global from $450.00 to $475.00 and gave the stock a “buy” rating in a report on Friday, July 30th. Oppenheimer upped their price objective on shares of S&P Global from $476.00 to $550.00 and gave the stock an “outperform” rating in a report on Thursday, September 16th. Finally, Royal Bank of Canada began coverage on shares of S&P Global in a report on Wednesday, July 7th. They set an “outperform” rating and a $476.00 price objective on the stock. Ten equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $463.30.
An institutional investor recently bought a new position in S&P Global stock. Camden National Bank bought a new stake in S&P Global Inc. (NYSE:SPGI) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 13,686 shares of the business services provider’s stock, valued at approximately $4,499,000. Institutional investors own 92.36% of the company’s stock.
S&P Global Company Profile
S&P Global, Inc engages in the provision of transparent and independent ratings, benchmarks, analytics and data to the capital and commodity markets worldwide. It operates through the following segments: Ratings, Market Intelligence, Platts and Indices. The Ratings segment offers credit ratings, research, and analytics to investors, issuers, and other market participants.
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