Zacks Research Raises Earnings Estimates for S&P Global

S&P Global Inc. (NYSE:SPGI) – Stock analysts at Zacks Research lifted their FY2024 earnings per share estimates for S&P Global in a research report issued on Thursday, November 14th. Zacks Research analyst R. Department now anticipates that the business services provider will post earnings per share of $15.12 for the year, up from their previous estimate of $14.50. The consensus estimate for S&P Global’s current full-year earnings is $15.24 per share. Zacks Research also issued estimates for S&P Global’s Q1 2025 earnings at $4.05 EPS, Q2 2025 earnings at $4.03 EPS and FY2025 earnings at $16.14 EPS.

A number of other brokerages have also weighed in on SPGI. JPMorgan Chase & Co. dropped their price objective on shares of S&P Global from $600.00 to $585.00 and set an “overweight” rating on the stock in a report on Friday, October 25th. Stifel Nicolaus upped their price objective on shares of S&P Global from $540.00 to $560.00 and gave the company a “buy” rating in a report on Monday, October 28th. Wells Fargo & Company boosted their target price on shares of S&P Global from $575.00 to $620.00 and gave the company an “overweight” rating in a research report on Wednesday, October 9th. Oppenheimer increased their price target on S&P Global from $540.00 to $590.00 and gave the stock an “outperform” rating in a research report on Thursday, October 3rd. Finally, UBS Group boosted their price objective on S&P Global from $605.00 to $610.00 and gave the company a “buy” rating in a report on Friday, October 25th. Two research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $571.31.

S&P Global Stock Down 0.1 %

NYSE:SPGI opened at $502.31 on Monday. The firm has a market cap of $155.87 billion, a PE ratio of 44.33, a price-to-earnings-growth ratio of 2.57 and a beta of 1.18. The company has a 50-day moving average of $509.86 and a 200 day moving average of $480.77. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.94 and a quick ratio of 0.94. S&P Global has a 1-year low of $407.53 and a 1-year high of $533.29.

S&P Global (NYSE:SPGI) last released its quarterly earnings data on Thursday, October 24th. The business services provider reported $3.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.64 by $0.25. The company had revenue of $3.58 billion during the quarter, compared to analysts’ expectations of $3.43 billion. S&P Global had a net margin of 25.80% and a return on equity of 13.72%. The firm’s quarterly revenue was up 15.9% on a year-over-year basis. During the same period in the previous year, the company earned $3.21 EPS.

S&P Global Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 11th. Shareholders of record on Tuesday, November 26th will be given a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a dividend yield of 0.72%. The ex-dividend date is Tuesday, November 26th. S&P Global’s dividend payout ratio is presently 32.13%.

Institutional Investors Weigh In On S&P Global

Several institutional investors have recently added to or reduced their stakes in SPGI. Soltis Investment Advisors LLC purchased a new stake in S&P Global during the 3rd quarter valued at approximately $215,000. Toronto Dominion Bank boosted its stake in shares of S&P Global by 1.3% during the 3rd quarter. Toronto Dominion Bank now owns 161,383 shares of the business services provider’s stock worth $83,374,000 after acquiring an additional 2,050 shares in the last quarter. Coldstream Capital Management Inc. grew its holdings in shares of S&P Global by 8.5% in the 3rd quarter. Coldstream Capital Management Inc. now owns 8,568 shares of the business services provider’s stock worth $4,423,000 after acquiring an additional 668 shares during the period. Geode Capital Management LLC grew its holdings in S&P Global by 1.8% in the third quarter. Geode Capital Management LLC now owns 6,473,774 shares of the business services provider’s stock valued at $3,332,016,000 after purchasing an additional 113,146 shares during the last quarter. Finally, Brophy Wealth Management LLC acquired a new position in S&P Global during the third quarter worth about $1,155,000. Hedge funds and other institutional investors own 87.17% of the company’s stock.

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.