S&P Global Inc. Forecasted to Post Q4 2024 Earnings of $3.36 Per Share (NYSE:SPGI)

S&P Global Inc. (NYSE:SPGI) – Investment analysts at William Blair lowered their Q4 2024 EPS estimates for S&P Global in a note issued to investors on Monday, April 15th. William Blair analyst A. Nicholas now expects that the business services provider will earn $3.36 per share for the quarter, down from their prior forecast of $3.39. The consensus estimate for S&P Global’s current full-year earnings is $14.02 per share.

A number of other equities research analysts have also recently commented on SPGI. Erste Group Bank reiterated a “hold” rating on shares of S&P Global in a research report on Wednesday, April 3rd. Royal Bank of Canada reaffirmed an “outperform” rating and set a $500.00 target price on shares of S&P Global in a research note on Friday, February 9th. Raymond James increased their target price on shares of S&P Global from $422.00 to $452.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 9th. Barclays raised their price objective on shares of S&P Global from $500.00 to $520.00 and gave the company an “overweight” rating in a research note on Tuesday, April 2nd. Finally, Oppenheimer reissued an “outperform” rating and issued a $480.00 price objective on shares of S&P Global in a research note on Tuesday, April 2nd. Two investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $464.22.

S&P Global Price Performance

Shares of NYSE SPGI opened at $408.57 on Tuesday. The firm has a 50-day simple moving average of $426.65 and a 200-day simple moving average of $415.29. The stock has a market capitalization of $130.85 billion, a price-to-earnings ratio of 49.64, a price-to-earnings-growth ratio of 2.36 and a beta of 1.15. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.33. S&P Global has a 52 week low of $338.92 and a 52 week high of $461.16.

S&P Global (NYSE:SPGI) last issued its earnings results on Thursday, February 8th. The business services provider reported $3.13 EPS for the quarter, missing analysts’ consensus estimates of $3.15 by ($0.02). The business had revenue of $3.15 billion during the quarter, compared to analyst estimates of $3.13 billion. S&P Global had a net margin of 21.02% and a return on equity of 11.34%. S&P Global’s quarterly revenue was up 7.3% on a year-over-year basis. During the same quarter last year, the company earned $2.54 earnings per share.

S&P Global Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 12th. Shareholders of record on Tuesday, February 27th were issued a dividend of $0.91 per share. The ex-dividend date of this dividend was Monday, February 26th. This represents a $3.64 dividend on an annualized basis and a yield of 0.89%. This is a boost from S&P Global’s previous quarterly dividend of $0.90. S&P Global’s dividend payout ratio (DPR) is presently 44.23%.

Insiders Place Their Bets

In other news, CEO Douglas L. Peterson sold 6,000 shares of S&P Global stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $424.74, for a total value of $2,548,440.00. Following the transaction, the chief executive officer now directly owns 162,530 shares of the company’s stock, valued at approximately $69,032,992.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.10% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On S&P Global

Several institutional investors have recently bought and sold shares of the company. BCK Partners Inc. purchased a new stake in shares of S&P Global in the 1st quarter worth about $1,969,000. Markel Corp raised its stake in S&P Global by 0.8% in the 1st quarter. Markel Corp now owns 149,790 shares of the business services provider’s stock valued at $61,441,000 after purchasing an additional 1,250 shares during the last quarter. Synovus Financial Corp raised its stake in S&P Global by 1.6% in the 1st quarter. Synovus Financial Corp now owns 2,239 shares of the business services provider’s stock valued at $919,000 after purchasing an additional 36 shares during the last quarter. Sequoia Financial Advisors LLC increased its stake in shares of S&P Global by 115.4% during the 1st quarter. Sequoia Financial Advisors LLC now owns 2,154 shares of the business services provider’s stock valued at $883,000 after acquiring an additional 1,154 shares during the last quarter. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its stake in shares of S&P Global by 12.4% during the 1st quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 736 shares of the business services provider’s stock valued at $302,000 after acquiring an additional 81 shares during the last quarter. 87.17% of the stock is owned by institutional investors and hedge funds.

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.