S&P Global Inc (SPGI) Expected to Post Earnings of $1.97 Per Share

Analysts predict that S&P Global Inc (NYSE:SPGI) will announce earnings per share (EPS) of $1.97 for the current quarter, according to Zacks. Four analysts have made estimates for S&P Global’s earnings, with estimates ranging from $1.93 to $2.03. S&P Global posted earnings per share of $1.62 in the same quarter last year, which would indicate a positive year-over-year growth rate of 21.6%. The firm is scheduled to announce its next quarterly earnings report before the market opens on Thursday, April 26th.

According to Zacks, analysts expect that S&P Global will report full year earnings of $8.52 per share for the current year, with EPS estimates ranging from $8.47 to $8.55. For the next fiscal year, analysts anticipate that the firm will post earnings of $9.44 per share, with EPS estimates ranging from $9.30 to $9.71. Zacks Investment Research’s EPS calculations are an average based on a survey of research firms that follow S&P Global.

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S&P Global (NYSE:SPGI) last posted its earnings results on Tuesday, February 6th. The business services provider reported $1.85 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.63 by $0.22. S&P Global had a return on equity of 199.44% and a net margin of 24.69%. The firm had revenue of $1.59 billion for the quarter, compared to analyst estimates of $1.50 billion. During the same quarter in the prior year, the company earned $1.28 EPS. S&P Global’s revenue was up 13.6% on a year-over-year basis.

SPGI has been the topic of several research reports. Barclays reissued an “overweight” rating and set a $190.00 target price (up previously from $185.00) on shares of S&P Global in a research note on Friday, December 15th. Zacks Investment Research lowered S&P Global from a “buy” rating to a “hold” rating in a research note on Friday, January 12th. Stifel Nicolaus started coverage on S&P Global in a research note on Tuesday, December 19th. They set a “hold” rating and a $186.00 target price on the stock. Piper Jaffray increased their price target on S&P Global from $150.00 to $168.00 and gave the company an “overweight” rating in a research report on Wednesday, January 10th. Finally, Nomura started coverage on S&P Global in a research report on Thursday, January 11th. They issued a “neutral” rating and a $160.00 price target on the stock. Seven equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $190.36.

SPGI traded down $4.05 during mid-day trading on Friday, hitting $185.69. 523,873 shares of the stock were exchanged, compared to its average volume of 1,370,862. S&P Global has a 1-year low of $128.26 and a 1-year high of $197.76. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 4.13. The firm has a market cap of $48,103.89, a price-to-earnings ratio of 27.04, a PEG ratio of 1.53 and a beta of 1.36.

The business also recently declared a quarterly dividend, which was paid on Monday, March 12th. Shareholders of record on Monday, February 26th were given a $0.50 dividend. The ex-dividend date was Friday, February 23rd. This represents a $2.00 dividend on an annualized basis and a yield of 1.08%. This is a positive change from S&P Global’s previous quarterly dividend of $0.41. S&P Global’s dividend payout ratio (DPR) is currently 29.03%.

In other news, insider John L. Berisford sold 15,902 shares of the stock in a transaction dated Thursday, March 8th. The stock was sold at an average price of $192.19, for a total value of $3,056,205.38. Following the transaction, the insider now owns 25,455 shares in the company, valued at approximately $4,892,196.45. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Nancy Luquette sold 890 shares of the stock in a transaction dated Wednesday, March 7th. The shares were sold at an average price of $188.53, for a total value of $167,791.70. The disclosure for this sale can be found here. Insiders sold a total of 20,792 shares of company stock worth $3,973,197 in the last ninety days. 0.20% of the stock is owned by corporate insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Advisor Group Inc. increased its holdings in shares of S&P Global by 13.1% in the 4th quarter. Advisor Group Inc. now owns 2,401 shares of the business services provider’s stock valued at $406,000 after acquiring an additional 278 shares during the last quarter. Virtu Financial LLC increased its holdings in shares of S&P Global by 18.4% in the 4th quarter. Virtu Financial LLC now owns 1,837 shares of the business services provider’s stock valued at $311,000 after acquiring an additional 286 shares during the last quarter. Jane Street Group LLC increased its holdings in shares of S&P Global by 6.7% in the 4th quarter. Jane Street Group LLC now owns 4,540 shares of the business services provider’s stock valued at $769,000 after acquiring an additional 287 shares during the last quarter. HAP Trading LLC grew its stake in S&P Global by 1.4% during the 4th quarter. HAP Trading LLC now owns 21,653 shares of the business services provider’s stock worth $3,668,000 after buying an additional 291 shares during the last quarter. Finally, San Francisco Sentry Investment Group CA grew its stake in S&P Global by 26.3% during the 4th quarter. San Francisco Sentry Investment Group CA now owns 1,465 shares of the business services provider’s stock worth $248,000 after buying an additional 305 shares during the last quarter. Institutional investors and hedge funds own 85.58% of the company’s stock.

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S&P Global Company Profile

S&P Global Inc, formerly McGraw Hill Financial Inc, is a provider of ratings, benchmarks, analytics and data to the capital and commodity markets around the world. The Company operates through three segments: Ratings, which provides credit ratings, research and analytics to investors, issuers and other market participants; Market and Commodities Intelligence, which offers multi-asset-class data, research and analytical capabilities that integrate cross-asset analytics and desktop services, and deliver their customers in the commodity and energy markets access to information, data, analytic services and pricing and benchmarks, and S&P Dow Jones Indices (Indices), which is an index provider that maintains a range of valuation and index benchmarks for investment advisors, wealth managers and institutional investors.

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

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