S&P Global Inc. Expected to Post Q3 2024 Earnings of $3.35 Per Share (NYSE:SPGI)

S&P Global Inc. (NYSE:SPGI) – Investment analysts at William Blair dropped their Q3 2024 EPS estimates for S&P Global in a research note issued to investors on Monday, April 29th. William Blair analyst A. Nicholas now expects that the business services provider will post earnings of $3.35 per share for the quarter, down from their previous estimate of $3.46. The consensus estimate for S&P Global’s current full-year earnings is $14.03 per share. William Blair also issued estimates for S&P Global’s Q4 2024 earnings at $3.21 EPS, Q1 2025 earnings at $4.27 EPS, Q2 2025 earnings at $3.89 EPS, Q3 2025 earnings at $3.86 EPS and Q4 2025 earnings at $3.72 EPS.

S&P Global (NYSE:SPGI) last posted its quarterly earnings data on Thursday, April 25th. The business services provider reported $4.01 earnings per share for the quarter, topping the consensus estimate of $3.68 by $0.33. The business had revenue of $3.49 billion during the quarter, compared to the consensus estimate of $3.39 billion. S&P Global had a net margin of 22.01% and a return on equity of 12.20%.

Several other analysts also recently issued reports on the company. Stifel Nicolaus boosted their price objective on S&P Global from $442.00 to $446.00 and gave the stock a “buy” rating in a report on Friday, April 26th. Barclays boosted their price objective on S&P Global from $500.00 to $520.00 and gave the stock an “overweight” rating in a report on Tuesday, April 2nd. Oppenheimer boosted their price objective on S&P Global from $480.00 to $482.00 and gave the stock an “outperform” rating in a report on Friday, April 26th. BMO Capital Markets boosted their price objective on S&P Global from $480.00 to $483.00 and gave the stock an “outperform” rating in a report on Monday, April 1st. Finally, Royal Bank of Canada restated an “outperform” rating and set a $500.00 price objective on shares of S&P Global in a report on Friday, February 9th. Two research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $462.60.

S&P Global Stock Performance

SPGI stock opened at $415.83 on Tuesday. S&P Global has a fifty-two week low of $340.49 and a fifty-two week high of $461.16. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.33. The company has a market capitalization of $130.11 billion, a P/E ratio of 46.62, a PEG ratio of 2.35 and a beta of 1.15. The company has a 50-day simple moving average of $423.42 and a 200 day simple moving average of $418.78.

S&P Global Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 12th. Investors of record on Wednesday, May 29th will be issued a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a yield of 0.88%. S&P Global’s dividend payout ratio is currently 40.81%.

Insider Buying and Selling

In other S&P Global news, CEO Douglas L. Peterson sold 6,000 shares of the company’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $424.74, for a total transaction of $2,548,440.00. Following the completion of 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 document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.10% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On S&P Global

Large investors have recently added to or reduced their stakes in the stock. D.B. Root & Company LLC boosted its position in shares of S&P Global by 3.6% in the fourth quarter. D.B. Root & Company LLC now owns 662 shares of the business services provider’s stock valued at $292,000 after acquiring an additional 23 shares during the period. Mayflower Financial Advisors LLC lifted its position in S&P Global by 3.3% in the fourth quarter. Mayflower Financial Advisors LLC now owns 714 shares of the business services provider’s stock worth $315,000 after purchasing an additional 23 shares during the period. Allworth Financial LP lifted its position in S&P Global by 1.8% in the fourth quarter. Allworth Financial LP now owns 1,356 shares of the business services provider’s stock worth $598,000 after purchasing an additional 24 shares during the period. Oakworth Capital Inc. lifted its position in S&P Global by 31.2% in the fourth quarter. Oakworth Capital Inc. now owns 101 shares of the business services provider’s stock worth $44,000 after purchasing an additional 24 shares during the period. Finally, Independence Bank of Kentucky lifted its position in S&P Global by 1.7% in the fourth quarter. Independence Bank of Kentucky now owns 1,487 shares of the business services provider’s stock worth $655,000 after purchasing an additional 25 shares during the period. Institutional investors own 87.17% of the company’s stock.

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.