Wall Street analysts predict that S&P Global Inc (NYSE:SPGI) will report sales of $1.49 billion for the current quarter, according to Zacks. Four analysts have made estimates for S&P Global’s earnings. The lowest sales estimate is $1.47 billion and the highest is $1.51 billion. S&P Global reported sales of $1.40 billion during the same quarter last year, which indicates a positive year-over-year growth rate of 6.4%. The firm is expected to report its next quarterly earnings results on Tuesday, February 6th.
According to Zacks, analysts expect that S&P Global will report full-year sales of $1.49 billion for the current fiscal year, with estimates ranging from $5.95 billion to $6.00 billion. For the next year, analysts forecast that the firm will post sales of $6.31 billion per share, with estimates ranging from $6.26 billion to $6.36 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that follow S&P Global.
S&P Global (NYSE:SPGI) last issued its quarterly earnings data on Thursday, October 26th. The business services provider reported $1.71 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.52 by $0.19. S&P Global had a net margin of 30.15% and a return on equity of 187.30%. The business had revenue of $1.51 billion during the quarter, compared to analysts’ expectations of $1.45 billion. During the same period in the previous year, the company earned $1.43 earnings per share. S&P Global’s revenue for the quarter was up 5.1% on a year-over-year basis.
A number of brokerages have recently weighed in on SPGI. Nomura began coverage on shares of S&P Global in a research note on Thursday. They issued a “neutral” rating and a $160.00 price objective for the company. Zacks Investment Research upgraded shares of S&P Global from a “hold” rating to a “buy” rating and set a $197.00 price objective for the company in a research note on Thursday. BMO Capital Markets cut shares of S&P Global from an “outperform” rating to a “market perform” rating and set a $166.00 price objective for the company. in a research note on Friday, October 27th. Goldman Sachs Group restated a “neutral” rating and issued a $176.00 price objective on shares of S&P Global in a research note on Wednesday, October 18th. Finally, Morgan Stanley boosted their price objective on shares of S&P Global from $154.00 to $158.00 and gave the stock an “equal weight” rating in a research note on Friday, October 6th. Seven investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. S&P Global currently has a consensus rating of “Buy” and an average price target of $171.46.
Shares of S&P Global (NYSE:SPGI) opened at $177.64 on Friday. The company has a debt-to-equity ratio of 4.00, a current ratio of 1.52 and a quick ratio of 1.52. S&P Global has a one year low of $111.94 and a one year high of $178.50. The firm has a market cap of $45,300.00, a price-to-earnings ratio of 26.09, a PEG ratio of 1.94 and a beta of 1.51.
In related news, CEO Douglas L. Peterson sold 4,000 shares of the company’s stock in a transaction on Wednesday, November 15th. The shares were sold at an average price of $157.79, for a total transaction of $631,160.00. Following the completion of the transaction, the chief executive officer now directly owns 140,743 shares in the company, valued at approximately $22,207,837.97. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Courtney Geduldig sold 1,404 shares of the company’s stock in a transaction on Thursday, November 9th. The shares were sold at an average price of $159.38, for a total transaction of $223,769.52. Following the transaction, the executive vice president now owns 1,259 shares of the company’s stock, valued at $200,659.42. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 7,000 shares of company stock valued at $1,104,704. Corporate insiders own 0.20% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in SPGI. Korea Investment CORP increased its holdings in S&P Global by 11.1% in the 3rd quarter. Korea Investment CORP now owns 310,109 shares of the business services provider’s stock valued at $48,473,000 after buying an additional 30,900 shares during the period. Prudential Financial Inc. increased its holdings in S&P Global by 3.4% in the 3rd quarter. Prudential Financial Inc. now owns 1,441,961 shares of the business services provider’s stock valued at $225,392,000 after buying an additional 47,930 shares during the period. New York State Common Retirement Fund increased its holdings in S&P Global by 4.3% in the 2nd quarter. New York State Common Retirement Fund now owns 889,431 shares of the business services provider’s stock valued at $129,848,000 after buying an additional 36,605 shares during the period. Meag Munich Ergo Kapitalanlagegesellschaft MBH bought a new stake in S&P Global in the 3rd quarter valued at $23,854,000. Finally, Tesco Pension Investment Ltd bought a new stake in S&P Global in the 3rd quarter valued at $45,406,000. Hedge funds and other institutional investors own 84.95% of the company’s stock.
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About S&P Global
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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