S&P Global (NYSE:SPGI) Releases Earnings Results, Beats Expectations By $0.14 EPS

S&P Global (NYSE:SPGI - Get Free Report) released its quarterly earnings data on Tuesday. The business services provider reported $4.37 EPS for the quarter, beating the consensus estimate of $4.23 by $0.14, Zacks reports. S&P Global had a net margin of 27.12% and a return on equity of 14.33%. S&P Global updated its FY 2025 guidance to 16.750-17.250 EPS.

S&P Global Stock Up 2.6 %

Shares of NYSE:SPGI opened at $492.39 on Tuesday. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.34. The firm has a 50 day simple moving average of $491.09 and a 200-day simple moving average of $502.59. The company has a market capitalization of $154.53 billion, a PE ratio of 38.77, a P/E/G ratio of 2.41 and a beta of 1.26. S&P Global has a twelve month low of $408.84 and a twelve month high of $545.39.

Hedge Funds Weigh In On S&P Global

An institutional investor recently raised its position in S&P Global stock. Brighton Jones LLC raised its position in S&P Global Inc. (NYSE:SPGI - Free Report) by 4.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,176 shares of the business services provider's stock after buying an additional 143 shares during the quarter. Brighton Jones LLC's holdings in S&P Global were worth $1,582,000 as of its most recent filing with the Securities and Exchange Commission. Institutional investors and hedge funds own 87.17% of the company's stock.

Analysts Set New Price Targets

SPGI has been the subject of several analyst reports. Oppenheimer decreased their price objective on S&P Global from $590.00 to $580.00 and set an "outperform" rating for the company in a report on Friday, January 3rd. Wells Fargo & Company dropped their price target on shares of S&P Global from $633.00 to $607.00 and set an "overweight" rating on the stock in a research report on Thursday, April 17th. JPMorgan Chase & Co. lowered their target price on shares of S&P Global from $618.00 to $565.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 16th. Bank of America initiated coverage on S&P Global in a report on Thursday, April 10th. They issued a "buy" rating and a $600.00 price objective on the stock. Finally, Morgan Stanley increased their price objective on shares of S&P Global from $595.00 to $600.00 and gave the company an "overweight" rating in a report on Wednesday, February 12th. Two investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $591.86.

S&P Global Company Profile

S&P Global, Inc engages in the provision of transparent and independent ratings, benchmarks, analytics, and data to the capital and commodity markets worldwide. It operates through the following segments: Market Intelligence, Ratings, Commodity Insights, Mobility, Indices, and Engineering Solutions.

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