Zacks: Analysts Expect S&P Global Inc (SPGI) to Post $1.97 Earnings Per Share

Equities analysts expect that S&P Global Inc (NYSE:SPGI) will post earnings per share (EPS) of $1.97 for the current quarter, according to Zacks Investment Research. Four analysts have made estimates for S&P Global’s earnings, with the lowest EPS estimate coming in at $1.93 and the highest estimate coming in at $2.03. S&P Global posted earnings per share of $1.62 in the same quarter last year, which suggests a positive year over year growth rate of 21.6%. The company is scheduled to issue its next earnings results on Tuesday, April 24th.

On average, analysts expect that S&P Global will report full year earnings of $8.34 per share for the current year, with EPS estimates ranging from $7.26 to $8.55. For the next year, analysts expect that the firm will report earnings of $9.29 per share, with EPS estimates ranging from $8.25 to $9.71. Zacks’ earnings per share averages are an average based on a survey of sell-side research firms that follow S&P Global.

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

A number of research firms have recently weighed in on SPGI. Piper Jaffray Companies reissued an “overweight” rating and issued a $229.00 price objective (up previously from $224.00) on shares of S&P Global in a research report on Tuesday. Credit Suisse Group lifted their price target on S&P Global from $183.00 to $222.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 7th. Cantor Fitzgerald lifted their price target on S&P Global from $190.00 to $196.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 7th. Barclays lifted their price target on S&P Global from $190.00 to $205.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 7th. Finally, BMO Capital Markets lifted their price target on S&P Global from $183.00 to $186.00 and gave the stock a “market perform” rating in a research report on Wednesday, February 7th. Seven analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $186.64.

S&P Global (NYSE SPGI) traded up $4.09 during trading on Wednesday, hitting $186.03. The stock had a trading volume of 1,567,544 shares, compared to its average volume of 1,349,024. 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 firm has a market cap of $45,793.40, a PE ratio of 32.19, a price-to-earnings-growth ratio of 1.69 and a beta of 1.52. S&P Global has a 52-week low of $126.30 and a 52-week high of $186.39.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 12th. Stockholders of record on Monday, February 26th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 1.08%. The ex-dividend date of this dividend is Friday, February 23rd. This is a boost from S&P Global’s previous quarterly dividend of $0.41. S&P Global’s payout ratio is 28.37%.

Hedge funds have recently modified their holdings of the company. USA Mutuals Advisors Inc. acquired a new position in shares of S&P Global in the 4th quarter valued at about $108,000. Truewealth LLC acquired a new position in shares of S&P Global in the 4th quarter valued at about $112,000. Financial Gravity Companies Inc. acquired a new position in shares of S&P Global in the 4th quarter valued at about $115,000. Cerebellum GP LLC acquired a new position in shares of S&P Global in the 4th quarter valued at about $129,000. Finally, Bronfman E.L. Rothschild L.P. lifted its holdings in shares of S&P Global by 89.8% in the 4th quarter. Bronfman E.L. Rothschild L.P. now owns 837 shares of the business services provider’s stock valued at $142,000 after buying an additional 396 shares during the period. 85.21% of the stock is owned by institutional investors and hedge funds.

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S&P Global Company Profile

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

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