Zacks: Analysts Anticipate S&P Global Inc (NYSE:SPGI) Will Announce Quarterly Sales of $1.68 Billion

Analysts expect S&P Global Inc (NYSE:SPGI) to report $1.68 billion in sales for the current fiscal quarter, Zacks reports. Four analysts have issued estimates for S&P Global’s earnings, with the highest sales estimate coming in at $1.70 billion and the lowest estimate coming in at $1.66 billion. S&P Global reported sales of $1.54 billion during the same quarter last year, which indicates a positive year-over-year growth rate of 9.1%. The business is expected to announce its next quarterly earnings results on Thursday, February 6th.

According to Zacks, analysts expect that S&P Global will report full year sales of $6.64 billion for the current year, with estimates ranging from $6.58 billion to $6.66 billion. For the next financial year, analysts expect that the business will report sales of $7.04 billion, with estimates ranging from $6.95 billion to $7.11 billion. Zacks’ sales calculations are an average based on a survey of research analysts that that provide coverage for S&P Global.

S&P Global (NYSE:SPGI) last issued its earnings results on Tuesday, October 29th. The business services provider reported $2.46 EPS for the quarter, beating the consensus estimate of $2.34 by $0.12. The company had revenue of $1.69 billion during the quarter, compared to analysts’ expectations of $1.65 billion. S&P Global had a net margin of 32.22% and a return on equity of 448.14%. The business’s revenue for the quarter was up 9.2% compared to the same quarter last year. During the same period in the previous year, the company earned $2.11 EPS.

SPGI has been the subject of a number of research analyst reports. Morgan Stanley lowered their price objective on shares of S&P Global from $262.00 to $257.00 and set an “equal weight” rating for the company in a research report on Monday, October 7th. Edward Jones initiated coverage on shares of S&P Global in a research report on Wednesday, September 11th. They set a “buy” rating for the company. William Blair reiterated an “outperform” rating on shares of S&P Global in a research report on Wednesday, October 30th. Jefferies Financial Group initiated coverage on shares of S&P Global in a research report on Thursday, November 21st. They set a “buy” rating and a $298.00 price objective for the company. Finally, ValuEngine cut shares of S&P Global from a “buy” rating to a “hold” rating in a research report on Friday, September 27th. Six investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $264.83.

In other S&P Global news, CTO Nicholas Cafferillo sold 3,219 shares of the company’s stock in a transaction that occurred on Thursday, October 31st. The shares were sold at an average price of $257.90, for a total value of $830,180.10. Following the completion of the transaction, the chief technology officer now directly owns 2,707 shares in the company, valued at approximately $698,135.30. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Alexander Matturri, Jr. sold 1,098 shares of the company’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $262.10, for a total transaction of $287,785.80. Following the completion of the transaction, the chief executive officer now owns 20,465 shares of the company’s stock, valued at $5,363,876.50. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 6,077 shares of company stock valued at $1,565,992. 0.20% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Van ECK Associates Corp increased its position in S&P Global by 91.1% in the 2nd quarter. Van ECK Associates Corp now owns 5,996 shares of the business services provider’s stock valued at $1,366,000 after acquiring an additional 2,859 shares during the period. Greenleaf Trust increased its position in S&P Global by 3.9% in the 2nd quarter. Greenleaf Trust now owns 2,823 shares of the business services provider’s stock valued at $643,000 after acquiring an additional 106 shares during the period. BlackRock Inc. increased its position in S&P Global by 2.1% in the 2nd quarter. BlackRock Inc. now owns 16,706,719 shares of the business services provider’s stock valued at $3,805,622,000 after acquiring an additional 339,310 shares during the period. AustralianSuper Pty Ltd increased its position in S&P Global by 160.9% in the 2nd quarter. AustralianSuper Pty Ltd now owns 272,426 shares of the business services provider’s stock valued at $62,056,000 after acquiring an additional 168,027 shares during the period. Finally, Investec Asset Management North America Inc. increased its position in S&P Global by 44.6% in the 2nd quarter. Investec Asset Management North America Inc. now owns 19,572 shares of the business services provider’s stock valued at $4,458,000 after acquiring an additional 6,037 shares during the period. Hedge funds and other institutional investors own 82.61% of the company’s stock.

SPGI stock traded up $2.84 during trading on Monday, reaching $274.38. 1,542,497 shares of the company were exchanged, compared to its average volume of 1,198,598. The company has a 50-day moving average of $258.58 and a two-hundred day moving average of $245.93. The company has a market capitalization of $67.06 billion, a price-to-earnings ratio of 32.28, a P/E/G ratio of 2.82 and a beta of 1.06. S&P Global has a twelve month low of $156.68 and a twelve month high of $275.75. The company has a debt-to-equity ratio of 8.91, a current ratio of 1.10 and a quick ratio of 1.10.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 11th. Investors of record on Tuesday, November 26th will be given a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a yield of 0.83%. The ex-dividend date is Monday, November 25th. S&P Global’s dividend payout ratio is 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).

Read More: How Do Front-End Loads Impact an Investment?

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.