William Blair Weighs in on S&P Global Inc’s FY2019 Earnings (SPGI)

S&P Global Inc (NYSE:SPGI) – Stock analysts at William Blair lowered their FY2019 earnings estimates for S&P Global in a research report issued on Thursday, October 25th. William Blair analyst T. Mchugh now forecasts that the business services provider will post earnings of $9.20 per share for the year, down from their prior forecast of $9.30.

S&P Global (NYSE:SPGI) last released its quarterly earnings results on Thursday, October 25th. The business services provider reported $2.11 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.01 by $0.10. The company had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.58 billion. S&P Global had a net margin of 27.10% and a return on equity of 340.41%.



SPGI has been the topic of several other research reports. Stifel Nicolaus raised their price target on shares of S&P Global from $186.00 to $214.00 and gave the company a “hold” rating in a research report on Friday, July 27th. Zacks Investment Research lowered shares of S&P Global from a “hold” rating to a “sell” rating in a research report on Wednesday, September 26th. BMO Capital Markets lifted their target price on shares of S&P Global from $209.00 to $214.00 and gave the company a “market perform” rating in a research report on Friday, July 27th. Atlantic Securities lowered shares of S&P Global from an “overweight” rating to a “neutral” rating in a research report on Wednesday, August 1st. Finally, Morgan Stanley set a $202.00 target price on shares of S&P Global and gave the company a “hold” rating in a research report on Friday. Nine equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $206.69.

SPGI stock opened at $172.25 on Monday. The firm has a market cap of $43.11 billion, a P/E ratio of 25.00, a PEG ratio of 1.40 and a beta of 1.20. The company has a current ratio of 1.44, a quick ratio of 1.27 and a debt-to-equity ratio of 3.82. S&P Global has a one year low of $153.25 and a one year high of $217.31.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Kaizen Advisory LLC raised its stake in S&P Global by 143.4% during the second quarter. Kaizen Advisory LLC now owns 606 shares of the business services provider’s stock worth $124,000 after purchasing an additional 357 shares during the period. Sun Life Financial INC raised its stake in S&P Global by 209.0% during the second quarter. Sun Life Financial INC now owns 683 shares of the business services provider’s stock worth $139,000 after purchasing an additional 462 shares during the period. First Mercantile Trust Co. raised its stake in S&P Global by 65.0% during the second quarter. First Mercantile Trust Co. now owns 848 shares of the business services provider’s stock worth $173,000 after purchasing an additional 334 shares during the period. Clinton Group Inc. purchased a new position in S&P Global during the second quarter worth about $201,000. Finally, Fiera Capital Corp purchased a new position in S&P Global during the second quarter worth about $202,000. Hedge funds and other institutional investors own 84.00% of the company’s stock.

In related news, SVP Nancy Luquette sold 350 shares of the business’s stock in a transaction dated Wednesday, August 22nd. The shares were sold at an average price of $203.35, for a total transaction of $71,172.50. Following the transaction, the senior vice president now directly owns 531 shares in the company, valued at $107,978.85. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Douglas L. Peterson sold 4,000 shares of the business’s stock in a transaction dated Wednesday, August 15th. The stock was sold at an average price of $201.27, for a total transaction of $805,080.00. The disclosure for this sale can be found here. 0.20% of the stock is owned by company insiders.

About S&P Global

S&P Global Inc provides independent ratings, benchmarks, analytics, and data to the capital and commodity markets worldwide. It operates through three segments: Ratings, Market and Commodities Intelligence, and S&P Dow Jones Indices. The Ratings segment provides credit ratings, research, and analytics to investors, issuers, and other market participants.

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

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