S&P Global (NYSE:SPGI – Get Free Report) issued an update on its FY 2024 earnings guidance on Thursday morning. The company provided earnings per share guidance of 13.850-14.100 for the period, compared to the consensus earnings per share estimate of 14.170. The company issued revenue guidance of $13.2 billion-$13.5 billion, compared to the consensus revenue estimate of $13.5 billion.
Analysts Set New Price Targets
A number of equities research analysts recently issued reports on SPGI shares. Stifel Nicolaus increased their price objective on S&P Global from $442.00 to $446.00 and gave the stock a buy rating in a research report on Friday, April 26th. Barclays raised their price target on S&P Global from $500.00 to $520.00 and gave the company 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. BMO Capital Markets raised their target price on shares of S&P Global from $480.00 to $483.00 and gave the company an outperform rating in a research note on Monday, April 1st. Finally, Royal Bank of Canada reissued an outperform rating and issued a $500.00 price target on shares of S&P Global in a research note on Friday, June 21st. Two research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of Moderate Buy and an average target price of $467.89.
Check Out Our Latest Analysis on S&P Global
S&P Global Price Performance
S&P Global (NYSE:SPGI – Get Free Report) last released its quarterly earnings data on Thursday, April 25th. The business services provider reported $4.01 EPS for the quarter, topping the consensus estimate of $3.68 by $0.33. The firm had revenue of $3.49 billion for the quarter, compared to the consensus estimate of $3.39 billion. S&P Global had a return on equity of 12.20% and a net margin of 22.01%. Research analysts anticipate that S&P Global will post 14.1 earnings per share for the current year.
S&P Global Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 11th. Stockholders of record on Tuesday, August 27th will be issued a $0.91 dividend. This represents a $3.64 annualized dividend and a dividend yield of 0.82%. The ex-dividend date is Tuesday, August 27th. S&P Global’s dividend payout ratio is 40.81%.
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.
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