Equities research analysts expect S&P Global Inc (NYSE:SPGI) to report $1.74 billion in sales for the current quarter, Zacks reports. Five analysts have issued estimates for S&P Global's earnings. The highest sales estimate is $1.76 billion and the lowest is $1.73 billion. S&P Global reported sales of $1.69 billion during the same quarter last year, which would suggest a positive year-over-year growth rate of 3%. The company is scheduled to announce its next quarterly earnings results before the market opens on Tuesday, October 27th.
On average, analysts expect that S&P Global will report full-year sales of $7.21 billion for the current year, with estimates ranging from $7.15 billion to $7.29 billion. For the next financial year, analysts forecast that the company will post sales of $7.48 billion, with estimates ranging from $7.30 billion to $7.75 billion. Zacks' sales averages are an average based on a survey of sell-side research firms that follow S&P Global.
S&P Global (NYSE:SPGI) last issued its quarterly earnings results on Tuesday, July 28th. The business services provider reported $3.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.76 by $0.64. The business had revenue of $1.94 billion for the quarter, compared to analyst estimates of $1.78 billion. S&P Global had a return on equity of 1,072.73% and a net margin of 36.19%. The firm's revenue for the quarter was up 14.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.43 earnings per share.
A number of research analysts have recently weighed in on the stock. JPMorgan Chase & Co. increased their target price on shares of S&P Global from $325.00 to $390.00 and gave the company an "overweight" rating in a research report on Wednesday, July 29th. UBS Group increased their price objective on shares of S&P Global from $418.00 to $422.00 and gave the company a "buy" rating in a report on Tuesday, October 6th. Jefferies Financial Group lifted their price objective on S&P Global from $339.00 to $400.00 and gave the company a "buy" rating in a report on Wednesday, July 29th. Stifel Nicolaus raised their price target on shares of S&P Global from $351.00 to $353.00 and gave the company a "hold" rating in a research report on Friday, October 2nd. Finally, Oppenheimer assumed coverage on S&P Global in a research report on Tuesday, July 28th. They issued a "buy" rating and a $396.00 price objective for the company. Three analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company's stock. S&P Global has a consensus rating of "Buy" and an average price target of $362.23.
SPGI stock opened at $348.17 on Friday. The firm has a 50-day moving average price of $355.14 and a 200-day moving average price of $327.70. The stock has a market capitalization of $83.91 billion, a P/E ratio of 32.85, a price-to-earnings-growth ratio of 3.17 and a beta of 1.03. S&P Global has a 12 month low of $186.05 and a 12 month high of $379.87. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 14.74.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 10th. Investors of record on Wednesday, November 25th will be given a $0.67 dividend. The ex-dividend date of this dividend is Tuesday, November 24th. This represents a $2.68 annualized dividend and a dividend yield of 0.77%. S&P Global's dividend payout ratio is presently 28.12%.
In other news, CEO Douglas L. Peterson sold 30,000 shares of the company's stock in a transaction that occurred on Thursday, July 30th. The stock was sold at an average price of $351.44, for a total transaction of $10,543,200.00. Following the sale, the chief executive officer now owns 173,293 shares in the company, valued at approximately $60,902,091.92. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Courtney Geduldig sold 932 shares of S&P Global stock in a transaction on Thursday, July 30th. The stock was sold at an average price of $355.00, for a total value of $330,860.00. Following the sale, the executive vice president now directly owns 10,040 shares of the company's stock, valued at approximately $3,564,200. The disclosure for this sale can be found here. Insiders sold 43,710 shares of company stock valued at $15,363,454 in the last ninety days. 0.20% of the stock is owned by corporate insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in SPGI. Donaldson Capital Management LLC raised its holdings in shares of S&P Global by 1.7% during the second quarter. Donaldson Capital Management LLC now owns 1,841 shares of the business services provider's stock valued at $607,000 after acquiring an additional 31 shares in the last quarter. Profund Advisors LLC raised its stake in S&P Global by 0.8% in the 2nd quarter. Profund Advisors LLC now owns 4,122 shares of the business services provider's stock worth $1,358,000 after acquiring an additional 33 shares during the last quarter. Cpwm LLC boosted its holdings in S&P Global by 3.1% in the 2nd quarter. Cpwm LLC now owns 1,210 shares of the business services provider's stock worth $399,000 after buying an additional 36 shares during the last quarter. CNB Bank lifted its stake in shares of S&P Global by 10.7% in the 2nd quarter. CNB Bank now owns 382 shares of the business services provider's stock valued at $126,000 after purchasing an additional 37 shares during the last quarter. Finally, CX Institutional boosted its stake in shares of S&P Global by 21.8% in the 3rd quarter. CX Institutional now owns 218 shares of the business services provider's stock valued at $79,000 after buying an additional 39 shares during the period. 82.99% of the stock is owned by institutional investors and hedge funds.
S&P Global Company Profile
S&P Global Inc, together with its subsidiaries, provides ratings, benchmarks, analytics, and data to the capital and commodity markets worldwide. The company operates through four segments: S&P Global Ratings (Ratings), S&P Global Market Intelligence (Market Intelligence), S&P Global Platts (Platts), and S&P Dow Jones Indices (Indices).
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7 Stocks That Will Help You Forget About the Fed
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