Q1 2024 EPS Estimates for S&P Global Inc. Boosted by Analyst (NYSE:SPGI)

S&P Global Inc. (NYSE:SPGI - Free Report) - Equities researchers at William Blair boosted their Q1 2024 earnings per share (EPS) estimates for shares of S&P Global in a report released on Monday, April 15th. William Blair analyst A. Nicholas now anticipates that the business services provider will post earnings of $3.69 per share for the quarter, up from their previous forecast of $3.57. The consensus estimate for S&P Global's current full-year earnings is $14.02 per share. William Blair also issued estimates for S&P Global's Q2 2024 earnings at $3.49 EPS, FY2024 earnings at $14.00 EPS and FY2025 earnings at $15.80 EPS.

S&P Global (NYSE:SPGI - Get Free Report) last announced its quarterly earnings data on Thursday, February 8th. The business services provider reported $3.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.15 by ($0.02). S&P Global had a net margin of 21.02% and a return on equity of 11.34%. The company had revenue of $3.15 billion for the quarter, compared to analysts' expectations of $3.13 billion. During the same period in the prior year, the firm earned $2.54 earnings per share. The firm's quarterly revenue was up 7.3% on a year-over-year basis.

Several other analysts have also recently issued reports on SPGI. Oppenheimer reissued an "outperform" rating and set a $480.00 price objective on shares of S&P Global in a research note on Tuesday, April 2nd. Raymond James upped their price target on shares of S&P Global from $422.00 to $452.00 and gave the stock an "outperform" rating in a research report on Tuesday, January 9th. Erste Group Bank reaffirmed a "hold" rating on shares of S&P Global in a research report on Wednesday, April 3rd. BMO Capital Markets upped their price target on shares of S&P Global from $480.00 to $483.00 and gave the stock an "outperform" rating in a research report on Monday, April 1st. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and set a $500.00 price target on shares of S&P Global in a research report on Friday, February 9th. Two equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $464.22.

S&P Global Trading Up 0.9 %

Shares of NYSE SPGI traded up $3.55 during trading on Wednesday, hitting $412.11. 844,576 shares of the company traded hands, compared to its average volume of 1,312,286. S&P Global has a 1 year low of $338.92 and a 1 year high of $461.16. The company has a 50-day moving average price of $425.70 and a 200-day moving average price of $415.27. The firm has a market capitalization of $131.98 billion, a P/E 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.

S&P Global Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 12th. Stockholders of record on Tuesday, February 27th were paid a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a dividend yield of 0.88%. The ex-dividend date of this dividend was Monday, February 26th. This is a positive change from S&P Global's previous quarterly dividend of $0.90. S&P Global's dividend payout ratio is 44.23%.

Insider Activity

In other news, CEO Douglas L. Peterson sold 6,000 shares of the company's stock in a transaction dated 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 sale, the chief executive officer now owns 162,530 shares in the company, valued at approximately $69,032,992.20. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.10% of the company's stock.

Institutional Investors Weigh In On S&P Global

Several institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. raised its stake in S&P Global by 1.2% during the fourth quarter. Vanguard Group Inc. now owns 28,796,066 shares of the business services provider's stock worth $12,685,243,000 after acquiring an additional 339,097 shares during the period. Wellington Management Group LLP grew its position in S&P Global by 13.2% in the 3rd quarter. Wellington Management Group LLP now owns 7,579,943 shares of the business services provider's stock worth $2,769,787,000 after purchasing an additional 881,215 shares during the last quarter. Morgan Stanley grew its position in S&P Global by 8.2% in the 3rd quarter. Morgan Stanley now owns 5,658,865 shares of the business services provider's stock worth $2,067,807,000 after purchasing an additional 428,737 shares during the last quarter. Capital International Investors grew its position in S&P Global by 12.6% in the 4th quarter. Capital International Investors now owns 5,502,039 shares of the business services provider's stock worth $2,423,762,000 after purchasing an additional 616,732 shares during the last quarter. Finally, Norges Bank bought a new position in S&P Global in the 4th quarter worth about $1,652,862,000. Institutional investors and hedge funds own 87.17% of the company's stock.

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.