Analysts Anticipate S&P Global Inc (NYSE:SPGI) to Announce $2.23 Earnings Per Share

Equities analysts predict that S&P Global Inc (NYSE:SPGI) will announce earnings of $2.23 per share for the current quarter, Zacks reports. Five analysts have issued estimates for S&P Global’s earnings. The highest EPS estimate is $2.31 and the lowest is $2.14. S&P Global posted earnings of $2.17 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 2.8%. The firm is expected to report its next quarterly earnings results on Thursday, July 25th.

According to Zacks, analysts expect that S&P Global will report full-year earnings of $9.01 per share for the current financial year, with EPS estimates ranging from $8.88 to $9.07. For the next year, analysts anticipate that the business will post earnings of $9.91 per share, with EPS estimates ranging from $9.52 to $10.10. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research analysts that follow S&P Global.

S&P Global (NYSE:SPGI) last issued its quarterly earnings data on Thursday, May 2nd. The business services provider reported $2.11 earnings per share for the quarter, missing the consensus estimate of $2.12 by ($0.01). S&P Global had a return on equity of 325.28% and a net margin of 29.99%. The business had revenue of $1.57 billion during the quarter, compared to the consensus estimate of $1.60 billion. During the same period in the prior year, the firm earned $2.00 EPS. The business’s revenue for the quarter was up .3% compared to the same quarter last year.

Several analysts recently weighed in on SPGI shares. UBS Group boosted their price objective on shares of S&P Global from $205.00 to $226.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 9th. Zacks Investment Research cut shares of S&P Global from a “hold” rating to a “sell” rating in a research note on Wednesday, April 10th. Morgan Stanley set a $226.00 price objective on shares of S&P Global and gave the stock a “hold” rating in a research note on Friday, May 3rd. Raymond James upped their price target on shares of S&P Global from $209.00 to $226.00 and gave the company an “outperform” rating in a research report on Tuesday, April 9th. Finally, Piper Jaffray Companies upped their price target on shares of S&P Global from $220.00 to $242.00 and gave the company an “overweight” rating in a research report on Friday, April 5th. Five analysts have rated the stock with a hold rating and seven have given a buy rating to the company. S&P Global presently has an average rating of “Buy” and a consensus price target of $217.27.

In other news, SVP Nancy Luquette sold 2,200 shares of the stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $216.85, for a total transaction of $477,070.00. Following the transaction, the senior vice president now owns 2,340 shares of the company’s stock, valued at approximately $507,429. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Ewout L. Steenbergen sold 8,000 shares of the stock in a transaction dated Monday, May 6th. The stock was sold at an average price of $215.59, for a total transaction of $1,724,720.00. Following the transaction, the chief financial officer now directly owns 15,694 shares in the company, valued at approximately $3,383,469.46. The disclosure for this sale can be found here. Insiders have sold a total of 20,305 shares of company stock worth $4,360,975 in the last three months. Insiders own 0.20% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Granite Investment Advisors LLC raised its holdings in shares of S&P Global by 0.4% in the 1st quarter. Granite Investment Advisors LLC now owns 13,249 shares of the business services provider’s stock worth $2,790,000 after acquiring an additional 50 shares during the last quarter. First Mercantile Trust Co. raised its holdings in shares of S&P Global by 7.1% in the 1st quarter. First Mercantile Trust Co. now owns 781 shares of the business services provider’s stock worth $164,000 after acquiring an additional 52 shares during the last quarter. Wambolt & Associates LLC raised its holdings in shares of S&P Global by 3.1% in the 1st quarter. Wambolt & Associates LLC now owns 1,744 shares of the business services provider’s stock worth $375,000 after acquiring an additional 53 shares during the last quarter. ETF Managers Group LLC raised its holdings in shares of S&P Global by 7.9% in the 1st quarter. ETF Managers Group LLC now owns 753 shares of the business services provider’s stock worth $159,000 after acquiring an additional 55 shares during the last quarter. Finally, CNB Bank raised its holdings in shares of S&P Global by 45.9% in the 1st quarter. CNB Bank now owns 178 shares of the business services provider’s stock worth $37,000 after acquiring an additional 56 shares during the last quarter. Institutional investors own 82.81% of the company’s stock.

Shares of S&P Global stock traded up $0.80 during trading on Monday, hitting $227.79. The company’s stock had a trading volume of 1,813,501 shares, compared to its average volume of 942,655. The company has a debt-to-equity ratio of 11.03, a quick ratio of 1.20 and a current ratio of 1.20. S&P Global has a 52 week low of $156.68 and a 52 week high of $235.58. The stock has a market capitalization of $55.88 billion, a PE ratio of 26.80, a price-to-earnings-growth ratio of 1.83 and a beta of 1.10. The firm’s 50-day moving average is $219.85.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 11th. Stockholders of record on Tuesday, August 27th will be given a dividend of $0.57 per share. The ex-dividend date is Monday, August 26th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 1.00%. S&P Global’s dividend payout ratio (DPR) is presently 26.82%.

About S&P Global

S&P Global Inc, together with its subsidiaries, provides ratings, benchmarks, analytics, and data to the capital and commodity markets worldwide. The company operates through four segments: S&P Global Ratings (Ratings), S&P Global Market Intelligence (Market Intelligence), S&P Global Platts (Platts), and S&P Dow Jones Indices (Indices).

See Also: What is a Swap?

Get a free copy of the Zacks research report on S&P Global (SPGI)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for S&P Global (NYSE:SPGI)

Receive News & Ratings for S&P Global Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for S&P Global and related companies with MarketBeat.com's FREE daily email newsletter.