S&P Global (SPGI) Scheduled to Post Quarterly Earnings on Thursday

S&P Global (NYSE:SPGI) is scheduled to issue its quarterly earnings data before the market opens on Thursday, April 25th. Analysts expect the company to announce earnings of $3.46 per share for the quarter. S&P Global has set its FY24 guidance at $13.75-14.00 EPS and its FY 2024 guidance at 13.750-14.000 EPS.Parties that are interested in participating in the company’s conference call can do so using this link.

S&P Global (NYSE:SPGI) last posted its quarterly earnings data on Thursday, February 8th. The business services provider reported $3.13 EPS for the quarter, missing analysts’ consensus estimates of $3.15 by ($0.02). S&P Global had a return on equity of 11.34% and a net margin of 21.02%. The company had revenue of $3.15 billion for the quarter, compared to the consensus estimate of $3.13 billion. During the same quarter last year, the business earned $2.54 EPS. S&P Global’s revenue was up 7.3% on a year-over-year basis. On average, analysts expect S&P Global to post $14 EPS for the current fiscal year and $16 EPS for the next fiscal year.

S&P Global Price Performance

S&P Global stock opened at $416.93 on Tuesday. The stock’s fifty day moving average price is $424.47 and its two-hundred day moving average price is $416.76. S&P Global has a one year low of $338.92 and a one year high of $461.16. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.84 and a quick ratio of 0.84. The firm has a market cap of $133.53 billion, a PE ratio of 50.66, a price-to-earnings-growth ratio of 2.32 and a beta of 1.15.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on SPGI. Stifel Nicolaus decreased their price target on S&P Global from $460.00 to $442.00 and set a “buy” rating on the stock in a research note on Thursday, April 18th. Oppenheimer reiterated an “outperform” rating and issued a $480.00 target price on shares of S&P Global in a research report on Tuesday, April 2nd. BMO Capital Markets increased their target price on shares of S&P Global from $480.00 to $483.00 and gave the stock an “outperform” rating in a report on Monday, April 1st. Barclays lifted their price target on shares of S&P Global from $500.00 to $520.00 and gave the company an “overweight” rating in a report on Tuesday, April 2nd. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $500.00 price objective on shares of S&P Global in a research note on Friday, February 9th. Two equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, S&P Global has an average rating of “Moderate Buy” and an average price target of $462.00.

Insider Buying and Selling

In related news, CEO Douglas L. Peterson sold 6,000 shares of the business’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $424.74, for a total value of $2,548,440.00. Following the sale, the chief executive officer now owns 162,530 shares of the company’s stock, valued at $69,032,992.20. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.10% of the stock is currently owned by insiders.

S&P Global Company Profile

S&P Global Inc, together with its subsidiaries, provides credit ratings, benchmarks, analytics, and workflow solutions in the global capital, commodity, and automotive markets. It operates through S&P Global Market Intelligence, S&P Global Ratings, S&P Global Commodity Insights, S&P Global Mobility, S&P Dow Jones Indices, and S&P Global Engineering Solutions segments.