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AMZN   3,217.01 (+0.31%)
TSLA   421.94 (-2.06%)
NVDA   545.82 (+1.09%)
BABA   309.81 (+1.48%)
CGC   18.88 (-4.69%)
GE   7.34 (+0.69%)
MU   53.53 (+1.71%)
AMD   81.56 (-0.54%)
T   26.76 (-0.45%)
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ACB   4.56 (-3.18%)
GILD   60.55 (-0.03%)
NFLX   525.42 (-1.00%)
BA   167.24 (+0.08%)
BAC   24.14 (+1.77%)
DIS   124.95 (+0.58%)
QQQ   284.41 (+0.21%)
AAPL   117.51 (+1.32%)
MSFT   214.65 (+0.20%)
FB   267.56 (+2.36%)
GOOGL   1,551.08 (+1.38%)
AMZN   3,217.01 (+0.31%)
TSLA   421.94 (-2.06%)
NVDA   545.82 (+1.09%)
BABA   309.81 (+1.48%)
CGC   18.88 (-4.69%)
GE   7.34 (+0.69%)
MU   53.53 (+1.71%)
AMD   81.56 (-0.54%)
T   26.76 (-0.45%)
F   7.74 (+1.98%)
ACB   4.56 (-3.18%)
GILD   60.55 (-0.03%)
NFLX   525.42 (-1.00%)
BA   167.24 (+0.08%)
BAC   24.14 (+1.77%)
DIS   124.95 (+0.58%)
QQQ   284.41 (+0.21%)
AAPL   117.51 (+1.32%)
MSFT   214.65 (+0.20%)
FB   267.56 (+2.36%)
GOOGL   1,551.08 (+1.38%)
AMZN   3,217.01 (+0.31%)
TSLA   421.94 (-2.06%)
NVDA   545.82 (+1.09%)
BABA   309.81 (+1.48%)
CGC   18.88 (-4.69%)
GE   7.34 (+0.69%)
MU   53.53 (+1.71%)
AMD   81.56 (-0.54%)
T   26.76 (-0.45%)
F   7.74 (+1.98%)
ACB   4.56 (-3.18%)
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$1.74 Billion in Sales Expected for S&P Global Inc (NYSE:SPGI) This Quarter

Last updated on Sunday, October 18, 2020 | 2020 MarketBeat

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).

Further Reading: What is the Ex-Dividend Date in Investing?

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Earnings History and Estimates for S&P Global (NYSE:SPGI)

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7 Stocks That Will Help You Forget About the Fed

Normally when the Federal Reserve (i.e. the Fed) makes an announcement, the market reacts predictably. That’s due, in large part, to the nature of what the Fed normally announces. Will interest rates go up, down, or remain unchanged? And for their part, the markets have a pretty good idea what the Fed will do before they do it.

But the Fed’s announcement of August 26 was a little different. They talked briefly about interest rates (they’re staying really low for a long time). But they were more concerned about inflation. Well, the Fed is always concerned about inflation, but this time they really mean it. Basic economics says that low-interest rates should spur inflation.

However, the market has been defying conventional wisdom and the Fed is not getting the inflation they want. So the Fed has basically said that they’re letting inflation go rogue. If it goes above their target 2% rate, so be it. The Fed is done trying to hit a target. At first, the markets cheered the news. Not only was the Fed not taking away the punch bowl, but they were also going to keep the low rate liquidity going for a long time!

But after a little while to digest things, investors are realizing they have to be grown-ups about this. And now investors are considering how to rebalance their portfolios for the remainder of 2020.

I don’t know about them, but if I were you I would target companies that have a high free cash flow (FCF). Whether it’s your personal finances or in evaluating a stock, cash flow is your friend.

When a corporation has high FCF, they have more strong growth in good markets and more flexibility during when the economy is weaker.

As institutional investors come back into the market, it’s time for you to reposition your portfolio for whatever comes next.

View the "7 Stocks That Will Help You Forget About the Fed".

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