Zacks: Brokerages Anticipate S&P Global Inc. (SPGI) Will Post Quarterly Sales of $1.49 Billion
Equities research analysts expect that S&P Global Inc. (NYSE:SPGI) will post sales of $1.49 billion for the current quarter, according to Zacks Investment Research. Three analysts have provided estimates for S&P Global’s earnings. The highest sales estimate is $1.51 billion and the lowest is $1.47 billion. S&P Global posted sales of $1.40 billion in the same quarter last year, which would indicate a positive year over year growth rate of 6.4%. The firm is scheduled to announce its next earnings report 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 financial year, with estimates ranging from $5.95 billion to $5.99 billion. For the next financial year, analysts forecast that the firm will report sales of $6.31 billion per share, with estimates ranging from $6.26 billion to $6.36 billion. Zacks’ sales averages are a mean average based on a survey of research analysts that cover S&P Global.
S&P Global (NYSE:SPGI) last announced its quarterly earnings data on Thursday, October 26th. The business services provider reported $1.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.52 by $0.19. The firm had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.45 billion. S&P Global had a return on equity of 187.30% and a net margin of 30.15%. The business’s revenue for the quarter was up 5.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.43 EPS.
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In other news, CEO Douglas L. Peterson sold 4,000 shares of the stock in a transaction on Wednesday, November 15th. The stock was 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 owns 140,743 shares in the company, valued at approximately $22,207,837.97. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Courtney Geduldig sold 1,404 shares of the stock in a transaction dated Thursday, November 9th. The stock was sold at an average price of $159.38, for a total value of $223,769.52. Following the sale, the executive vice president now directly owns 1,259 shares in the company, valued at approximately $200,659.42. The disclosure for this sale can be found here. Insiders have sold a total of 7,000 shares of company stock valued at $1,104,704 in the last quarter. 0.20% of the stock is owned by corporate insiders.
A number of institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. lifted its holdings in S&P Global by 2.0% during the 2nd quarter. Vanguard Group Inc. now owns 19,774,884 shares of the business services provider’s stock worth $2,886,935,000 after purchasing an additional 379,537 shares in the last quarter. BlackRock Inc. lifted its holdings in S&P Global by 11.3% during the 2nd quarter. BlackRock Inc. now owns 17,197,188 shares of the business services provider’s stock worth $2,510,617,000 after purchasing an additional 1,744,482 shares in the last quarter. Artisan Partners Limited Partnership lifted its holdings in S&P Global by 0.3% during the 2nd quarter. Artisan Partners Limited Partnership now owns 7,089,999 shares of the business services provider’s stock worth $1,035,069,000 after purchasing an additional 18,758 shares in the last quarter. Edgewood Management LLC lifted its holdings in S&P Global by 2.4% during the 3rd quarter. Edgewood Management LLC now owns 6,025,481 shares of the business services provider’s stock worth $941,843,000 after purchasing an additional 141,206 shares in the last quarter. Finally, Independent Franchise Partners LLP lifted its holdings in S&P Global by 0.6% during the 2nd quarter. Independent Franchise Partners LLP now owns 4,984,751 shares of the business services provider’s stock worth $727,723,000 after purchasing an additional 30,708 shares in the last quarter. 85.77% of the stock is currently owned by institutional investors and hedge funds.
S&P Global (SPGI) opened at $163.70 on Wednesday. The stock has a market capitalization of $41,360.00, a price-to-earnings ratio of 25.37, a price-to-earnings-growth ratio of 1.93 and a beta of 1.51. 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 12 month low of $107.21 and a 12 month high of $166.17.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 12th. Stockholders of record on Tuesday, November 28th will be paid a dividend of $0.41 per share. The ex-dividend date of this dividend is Monday, November 27th. This represents a $1.64 annualized dividend and a dividend yield of 1.00%. S&P Global’s payout ratio is 24.08%.
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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