FY2024 EPS Estimates for S&P Global Lifted by Zacks Research

S&P Global Inc. (NYSE:SPGI) – Analysts at Zacks Research lifted their FY2024 earnings estimates for shares of S&P Global in a research note issued to investors on Thursday, November 14th. Zacks Research analyst R. Department now forecasts that the business services provider will post earnings per share of $15.12 for the year, up from their previous estimate of $14.50. The consensus estimate for S&P Global’s current full-year earnings is $15.24 per share. Zacks Research also issued estimates for S&P Global’s Q1 2025 earnings at $4.05 EPS, Q2 2025 earnings at $4.03 EPS and FY2025 earnings at $16.14 EPS.

S&P Global (NYSE:SPGI) last announced its quarterly earnings results on Thursday, October 24th. The business services provider reported $3.89 EPS for the quarter, beating the consensus estimate of $3.64 by $0.25. S&P Global had a net margin of 25.80% and a return on equity of 13.72%. The firm had revenue of $3.58 billion during the quarter, compared to the consensus estimate of $3.43 billion. During the same period last year, the firm earned $3.21 EPS. The business’s quarterly revenue was up 15.9% compared to the same quarter last year.

Several other research analysts also recently commented on the stock. Evercore ISI assumed coverage on shares of S&P Global in a report on Wednesday, October 2nd. They issued an “outperform” rating and a $599.00 price target for the company. Morgan Stanley raised their price objective on shares of S&P Global from $564.00 to $570.00 and gave the company an “overweight” rating in a research report on Wednesday, October 9th. BMO Capital Markets lowered their price objective on shares of S&P Global from $589.00 to $564.00 and set an “outperform” rating on the stock in a research report on Friday, October 25th. Raymond James cut shares of S&P Global from an “outperform” rating to a “market perform” rating in a research report on Monday, September 23rd. Finally, Robert W. Baird raised their price objective on shares of S&P Global from $536.00 to $575.00 and gave the company an “outperform” rating in a research report on Friday, October 25th. Two investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $571.31.

S&P Global Stock Down 0.1 %

Shares of NYSE:SPGI opened at $503.00 on Monday. The firm has a fifty day moving average price of $510.21 and a two-hundred day moving average price of $480.23. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.94 and a quick ratio of 0.94. S&P Global has a one year low of $407.53 and a one year high of $533.29. The company has a market cap of $156.08 billion, a price-to-earnings ratio of 44.40, a PEG ratio of 2.57 and a beta of 1.18.

Hedge Funds Weigh In On S&P Global

Hedge funds have recently modified their holdings of the company. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA boosted its stake in shares of S&P Global by 107.2% during the 2nd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 5,725 shares of the business services provider’s stock valued at $2,798,000 after purchasing an additional 2,962 shares in the last quarter. Quadrature Capital Ltd bought a new stake in shares of S&P Global during the 1st quarter valued at about $2,236,000. O Shaughnessy Asset Management LLC boosted its stake in shares of S&P Global by 21.6% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 34,683 shares of the business services provider’s stock valued at $14,756,000 after purchasing an additional 6,162 shares in the last quarter. GDS Wealth Management boosted its stake in shares of S&P Global by 7.0% during the 3rd quarter. GDS Wealth Management now owns 27,358 shares of the business services provider’s stock valued at $14,134,000 after purchasing an additional 1,801 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. boosted its stake in shares of S&P Global by 4.9% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 30,014 shares of the business services provider’s stock valued at $13,386,000 after purchasing an additional 1,405 shares in the last quarter. Hedge funds and other institutional investors own 87.17% of the company’s stock.

S&P Global Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 11th. Investors of record on Tuesday, November 26th will be given a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a yield of 0.72%. The ex-dividend date of this dividend is Tuesday, November 26th. S&P Global’s payout ratio is presently 32.13%.

About S&P Global

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.