Zacks Research Comments on S&P Global Inc.’s FY2024 Earnings (NYSE:SPGI)

S&P Global Inc. (NYSE:SPGI) – Equities research analysts at Zacks Research upped their FY2024 earnings per share (EPS) estimates for shares of S&P Global in a report released on Tuesday, May 14th. Zacks Research analyst R. Department now expects that the business services provider will post earnings of $13.93 per share for the year, up from their prior forecast of $13.90. The consensus estimate for S&P Global’s current full-year earnings is $14.10 per share. Zacks Research also issued estimates for S&P Global’s FY2025 earnings at $15.57 EPS.

Other equities research analysts have also issued research reports about the company. Stifel Nicolaus lifted their price objective on S&P Global from $442.00 to $446.00 and gave the stock a “buy” rating in a report on Friday, April 26th. BMO Capital Markets lifted their price objective on S&P Global from $480.00 to $483.00 and gave the stock an “outperform” rating in a report on Monday, April 1st. Barclays lifted 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. Erste Group Bank reissued a “hold” rating on shares of S&P Global in a report on Wednesday, April 3rd. Finally, Oppenheimer lifted their price objective on S&P Global from $480.00 to $482.00 and gave the stock an “outperform” rating in a report on Friday, April 26th. Two research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $467.89.

S&P Global Trading Up 0.9 %

NYSE SPGI opened at $441.88 on Thursday. The stock has a market capitalization of $138.26 billion, a price-to-earnings ratio of 49.54, a PEG ratio of 2.43 and a beta of 1.14. S&P Global has a one year low of $340.49 and a one year high of $461.16. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.92 and a quick ratio of 0.92. The business’s fifty day moving average is $423.47 and its 200-day moving average is $424.71.

S&P Global (NYSE:SPGI) last released its earnings results on Thursday, April 25th. The business services provider reported $4.01 EPS for the quarter, topping analysts’ consensus estimates of $3.68 by $0.33. The company had revenue of $3.49 billion for the quarter, compared to analysts’ expectations of $3.39 billion. S&P Global had a return on equity of 12.20% and a net margin of 22.01%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Private Wealth Management Group LLC purchased a new position in shares of S&P Global during the fourth quarter worth about $26,000. Pineridge Advisors LLC purchased a new position in shares of S&P Global during the fourth quarter worth about $26,000. Valued Wealth Advisors LLC purchased a new position in shares of S&P Global during the fourth quarter worth about $28,000. Oliver Lagore Vanvalin Investment Group grew its holdings in shares of S&P Global by 64.1% during the fourth quarter. Oliver Lagore Vanvalin Investment Group now owns 64 shares of the business services provider’s stock worth $28,000 after purchasing an additional 25 shares in the last quarter. Finally, Fortis Group Advisors LLC purchased a new position in shares of S&P Global during the third quarter worth about $33,000. Hedge funds and other institutional investors own 87.17% of the company’s stock.

S&P Global Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 12th. Shareholders of record on Wednesday, May 29th will be issued a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a yield of 0.82%. The ex-dividend date is Wednesday, May 29th. S&P Global’s payout ratio is presently 40.81%.

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.