Q4 2024 EPS Estimates for S&P Global Inc. Cut by Analyst (NYSE:SPGI)

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

S&P Global (NYSE:SPGI) last posted its quarterly earnings results on Thursday, February 8th. The business services provider reported $3.13 earnings per share 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 the consensus estimate of $3.13 billion. During the same quarter in the previous year, the company posted $2.54 EPS. The firm’s revenue was up 7.3% compared to the same quarter last year.

Other analysts have also recently issued reports about the stock. Oppenheimer restated an “outperform” rating and set a $480.00 price target on shares of S&P Global in a research note on Tuesday, April 2nd. Royal Bank of Canada reissued an “outperform” rating and set a $500.00 target price on shares of S&P Global in a report on Friday, February 9th. Erste Group Bank reaffirmed a “hold” rating on shares of S&P Global in a report on Wednesday, April 3rd. Raymond James lifted their price target on S&P Global from $422.00 to $452.00 and gave the company an “outperform” rating in a research report on Tuesday, January 9th. Finally, Barclays increased their price objective on S&P Global from $500.00 to $520.00 and gave the stock an “overweight” rating in a report on Tuesday, April 2nd. Two equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $464.22.

S&P Global Price Performance

Shares of NYSE:SPGI opened at $412.11 on Tuesday. The firm has a market capitalization of $131.98 billion, a PE ratio of 50.07, a P/E/G ratio of 2.32 and a beta of 1.15. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.33. The company has a 50-day moving average price of $425.70 and a two-hundred day moving average price of $415.27. S&P Global has a twelve month low of $338.92 and a twelve month high of $461.16.

Institutional Investors Weigh In On S&P Global

A number of large investors have recently added to or reduced their stakes in SPGI. D.B. Root & Company LLC grew its position in S&P Global by 40.9% during the first quarter. D.B. Root & Company LLC now owns 933 shares of the business services provider’s stock valued at $397,000 after acquiring an additional 271 shares during the last quarter. Red Door Wealth Management LLC boosted its stake in shares of S&P Global by 24.7% in the 1st quarter. Red Door Wealth Management LLC now owns 605 shares of the business services provider’s stock valued at $257,000 after purchasing an additional 120 shares in the last quarter. Physician Wealth Advisors Inc. bought a new position in shares of S&P Global during the 1st quarter valued at $236,000. New Mexico Educational Retirement Board raised its position in S&P Global by 20.5% in the 1st quarter. New Mexico Educational Retirement Board now owns 20,586 shares of the business services provider’s stock worth $8,444,000 after purchasing an additional 3,500 shares during the period. Finally, Foguth Wealth Management LLC. bought a new stake in S&P Global in the first quarter worth $205,000. Hedge funds and other institutional investors own 87.17% of the company’s stock.

Insiders Place Their Bets

In related 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 directly owns 162,530 shares in the company, valued at $69,032,992.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.10% of the company’s stock.

S&P Global Increases Dividend

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

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.