Q4 2024 Earnings Estimate for S&P Global Inc. (NYSE:SPGI) Issued By William Blair

S&P Global Inc. (NYSE:SPGI) – William Blair cut their Q4 2024 earnings per share estimates for shares of S&P Global in a report issued on Monday, April 15th. William Blair analyst A. Nicholas now forecasts that the business services provider will post earnings of $3.36 per share for the quarter, down from their previous forecast of $3.39. The consensus estimate for S&P Global’s current full-year earnings is $14.02 per share.

A number of other equities research analysts also recently issued reports on SPGI. Raymond James boosted their target price on shares of S&P Global from $422.00 to $452.00 and gave the company an “outperform” rating in a report on Tuesday, January 9th. Oppenheimer reiterated an “outperform” rating and issued a $480.00 price target on shares of S&P Global in a report on Tuesday, April 2nd. Erste Group Bank reaffirmed a “hold” rating on shares of S&P Global in a research report on Wednesday, April 3rd. Barclays boosted their target price on shares of S&P Global from $500.00 to $520.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 2nd. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $500.00 price target on shares of S&P Global in a report on Friday, February 9th. Two equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $464.22.

S&P Global Price Performance

SPGI stock opened at $412.11 on Tuesday. The stock’s 50 day moving average price is $425.70 and its 200 day moving average price is $415.27. The firm has a market cap of $131.98 billion, a P/E ratio of 50.07, a PEG ratio of 2.32 and a beta of 1.15. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.84 and a current ratio of 0.84. S&P Global has a 1 year low of $338.92 and a 1 year high of $461.16.

S&P Global (NYSE:SPGI) last announced its quarterly earnings results on Thursday, February 8th. The business services provider reported $3.13 EPS for the quarter, missing the consensus estimate of $3.15 by ($0.02). S&P Global had a return on equity of 11.34% and a net margin of 21.02%. The firm had revenue of $3.15 billion for the quarter, compared to analysts’ expectations of $3.13 billion. During the same period last year, the firm earned $2.54 EPS. S&P Global’s revenue was up 7.3% compared to the same quarter last year.

S&P Global Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 12th. Stockholders of record on Tuesday, February 27th were issued a $0.91 dividend. The ex-dividend date of this dividend was Monday, February 26th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 0.88%. This is a positive change from S&P Global’s previous quarterly dividend of $0.90. S&P Global’s dividend payout ratio is presently 44.23%.

Insider Transactions at S&P Global

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

Hedge Funds Weigh In On S&P Global

Hedge funds and other institutional investors have recently bought and sold shares of the business. BCK Partners Inc. bought a new stake in shares of S&P Global in the first quarter worth $1,969,000. Markel Corp boosted its stake in shares of S&P Global by 0.8% during the 1st quarter. Markel Corp now owns 149,790 shares of the business services provider’s stock worth $61,441,000 after buying an additional 1,250 shares during the last quarter. Synovus Financial Corp grew its holdings in shares of S&P Global by 1.6% in the 1st quarter. Synovus Financial Corp now owns 2,239 shares of the business services provider’s stock valued at $919,000 after acquiring an additional 36 shares in the last quarter. Sequoia Financial Advisors LLC increased its position in shares of S&P Global by 115.4% in the first quarter. Sequoia Financial Advisors LLC now owns 2,154 shares of the business services provider’s stock valued at $883,000 after acquiring an additional 1,154 shares during the last quarter. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its holdings in S&P Global by 12.4% during the first quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 736 shares of the business services provider’s stock worth $302,000 after acquiring an additional 81 shares in the last quarter. 87.17% of the stock is owned by institutional investors.

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.