S&P Global (SPGI) to Release Quarterly Earnings on Thursday

S&P Global (NYSE:SPGI) is scheduled to announce its earnings results before the market opens on Thursday, April 25th. Analysts expect the company to announce earnings of $3.46 per share for the quarter. S&P Global has set its FY24 guidance at $13.75-14.00 EPS and its FY 2024 guidance at 13.750-14.000 EPS.Parties interested in registering for the company’s conference call can do so using this link.

S&P Global (NYSE:SPGI) last released its earnings results on Thursday, February 8th. The business services provider reported $3.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $3.13 billion. During the same period in the prior year, the business earned $2.54 earnings per share. The business’s quarterly revenue was up 7.3% compared to the same quarter last year. On average, analysts expect S&P Global to post $14 EPS for the current fiscal year and $16 EPS for the next fiscal year.

S&P Global Stock Performance

NYSE:SPGI opened at $412.11 on Thursday. The company has a market capitalization of $131.98 billion, a P/E ratio of 50.07, a P/E/G ratio of 2.32 and a beta of 1.15. S&P Global has a 1 year low of $338.92 and a 1 year high of $461.16. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.84 and a quick ratio of 0.84. The business has a fifty day simple moving average of $425.70 and a two-hundred day simple moving average of $415.27.

S&P Global Increases Dividend

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

Insider Activity at S&P Global

In related news, CEO Douglas L. Peterson sold 6,000 shares of S&P Global stock in a transaction on 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 transaction, the chief executive officer now directly owns 162,530 shares in the company, valued at $69,032,992.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.10% of the stock is owned by company insiders.

Institutional Investors Weigh In On S&P Global

Institutional investors and hedge funds have recently bought and sold shares of the business. Hobbs Group Advisors LLC bought a new stake in shares of S&P Global in the fourth quarter worth about $31,000. Aspect Partners LLC bought a new stake in S&P Global during the fourth quarter worth approximately $34,000. Harbour Investments Inc. increased its stake in S&P Global by 45.8% during the third quarter. Harbour Investments Inc. now owns 86 shares of the business services provider’s stock worth $31,000 after acquiring an additional 27 shares during the last quarter. Clarity Asset Management Inc. bought a new stake in S&P Global during the fourth quarter worth approximately $42,000. Finally, Pin Oak Investment Advisors Inc. increased its stake in S&P Global by 110.5% during the second quarter. Pin Oak Investment Advisors Inc. now owns 120 shares of the business services provider’s stock worth $48,000 after acquiring an additional 63 shares during the last quarter. 87.17% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on SPGI. BMO Capital Markets upped their target price on S&P Global from $480.00 to $483.00 and gave the stock an “outperform” rating in a research note on Monday, April 1st. Barclays upped their target price on S&P Global from $500.00 to $520.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 2nd. Erste Group Bank restated a “hold” rating on shares of S&P Global in a research note on Wednesday, April 3rd. Oppenheimer restated an “outperform” rating and issued a $480.00 target price on shares of S&P Global in a research note on Tuesday, April 2nd. Finally, Raymond James upped their target price on S&P Global from $422.00 to $452.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 9th. Two research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat.com, S&P Global presently has an average rating of “Moderate Buy” and a consensus target price of $464.22.

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.