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

S&P Global (NYSE:SPGI) is scheduled to post its quarterly earnings results before the market opens on Thursday, April 25th. Analysts expect S&P Global to post 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.Individual interested in listening to the company’s earnings conference call can do so using this link.

S&P Global (NYSE:SPGI) last announced 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). The business had revenue of $3.15 billion for the quarter, compared to analysts’ expectations of $3.13 billion. S&P Global had a return on equity of 11.34% and a net margin of 21.02%. The business’s revenue was up 7.3% on a year-over-year basis. During the same quarter last year, the business posted $2.54 earnings per share. 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

Shares of SPGI opened at $416.93 on Tuesday. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.33. The firm has a market cap of $133.53 billion, a PE ratio of 50.66, a price-to-earnings-growth ratio of 2.32 and a beta of 1.15. The company’s 50 day simple moving average is $424.47 and its 200-day simple moving average is $416.76. S&P Global has a 12-month low of $338.92 and a 12-month high of $461.16.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. Oppenheimer restated an “outperform” rating and set a $480.00 target price on shares of S&P Global in a research report on Tuesday, April 2nd. Royal Bank of Canada reiterated an “outperform” rating and issued a $500.00 price objective on shares of S&P Global in a research report on Friday, February 9th. BMO Capital Markets lifted their price objective on shares of S&P Global from $480.00 to $483.00 and gave the company an “outperform” rating in a research report on Monday, April 1st. Barclays lifted their price objective on shares of S&P Global from $500.00 to $520.00 and gave the company an “overweight” rating in a research report on Tuesday, April 2nd. Finally, Stifel Nicolaus lowered their price objective on shares of S&P Global from $460.00 to $442.00 and set a “buy” rating on the stock in a research report on Thursday, April 18th. Two research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat, S&P Global currently has an average rating of “Moderate Buy” and an average price target of $462.00.

Insider Buying and Selling at S&P Global

In other S&P Global news, CEO Douglas L. Peterson sold 6,000 shares of the firm’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $424.74, for a total value of $2,548,440.00. Following the completion of the sale, the chief executive officer now owns 162,530 shares of the company’s stock, valued at $69,032,992.20. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 0.10% of the stock is owned by corporate insiders.

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.