Cantor Fitzgerald Weighs in on S&P Global Inc’s FY2018 Earnings (SPGI)

S&P Global Inc (NYSE:SPGI) – Stock analysts at Cantor Fitzgerald raised their FY2018 EPS estimates for S&P Global in a research report issued to clients and investors on Wednesday. Cantor Fitzgerald analyst J. Foresi now expects that the business services provider will post earnings of $8.53 per share for the year, up from their prior forecast of $7.32. Cantor Fitzgerald has a “Overweight” rating and a $196.00 price target on the stock.

S&P Global (NYSE:SPGI) last announced its quarterly earnings data on Tuesday, February 6th. The business services provider reported $1.85 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.63 by $0.22. S&P Global had a net margin of 24.69% and a return on equity of 199.44%. The business had revenue of $1.59 billion for the quarter, compared to analyst estimates of $1.50 billion. During the same period last year, the business earned $1.28 EPS. The company’s revenue was up 13.6% on a year-over-year basis.

SPGI has been the topic of a number of other reports. UBS Group raised their price objective on shares of S&P Global from $173.00 to $185.00 and gave the company a “buy” rating in a report on Friday, October 27th. BidaskClub lowered shares of S&P Global from a “strong-buy” rating to a “buy” rating in a report on Friday, October 20th. Credit Suisse Group raised their price objective on shares of S&P Global from $183.00 to $222.00 and gave the company an “outperform” rating in a report on Wednesday, February 7th. Wells Fargo & Co raised their price objective on shares of S&P Global from $159.00 to $165.00 and gave the company a “market perform” rating in a report on Friday, October 27th. Finally, Piper Jaffray Companies lifted their price target on shares of S&P Global from $150.00 to $168.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 10th. Seven analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. S&P Global presently has a consensus rating of “Buy” and a consensus target price of $182.29.

Shares of S&P Global (NYSE:SPGI) opened at $177.50 on Monday. S&P Global has a fifty-two week low of $125.46 and a fifty-two week high of $185.38. The firm has a market cap of $45,260.00, a price-to-earnings ratio of 30.71, a PEG ratio of 1.67 and a beta of 1.52. The company has a debt-to-equity ratio of 4.13, a current ratio of 1.35 and a quick ratio of 1.52.

The business also recently declared a quarterly dividend, which will be paid on Monday, March 12th. Investors of record on Monday, February 26th will be paid a dividend of $0.50 per share. This is a positive change from S&P Global’s previous quarterly dividend of $0.41. This represents a $2.00 annualized dividend and a yield of 1.13%. The ex-dividend date of this dividend is Friday, February 23rd. S&P Global’s dividend payout ratio (DPR) is currently 28.37%.

In other S&P Global news, CEO Douglas L. Peterson sold 4,000 shares of the firm’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 transaction, the chief executive officer now directly owns 140,743 shares of the company’s stock, valued at approximately $22,207,837.97. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.20% of the stock is owned by company insiders.

Institutional investors have recently modified their holdings of the business. Advisor Group Inc. boosted its holdings in shares of S&P Global by 4.2% in the second quarter. Advisor Group Inc. now owns 1,782 shares of the business services provider’s stock valued at $260,000 after acquiring an additional 72 shares in the last quarter. QS Investors LLC boosted its holdings in shares of S&P Global by 11.6% in the second quarter. QS Investors LLC now owns 4,294 shares of the business services provider’s stock valued at $627,000 after acquiring an additional 447 shares in the last quarter. Shelton Capital Management purchased a new stake in shares of S&P Global in the second quarter valued at about $295,000. Gotham Asset Management LLC boosted its holdings in shares of S&P Global by 211.6% in the second quarter. Gotham Asset Management LLC now owns 14,163 shares of the business services provider’s stock valued at $2,068,000 after acquiring an additional 9,618 shares in the last quarter. Finally, Colony Group LLC purchased a new stake in shares of S&P Global in the second quarter valued at about $351,000. 85.37% of the stock is currently owned by institutional investors.

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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.

Earnings History and Estimates for S&P Global (NYSE:SPGI)

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