S&P Global (NYSE:SPGI) Issues FY 2024 Earnings Guidance

S&P Global (NYSE:SPGI - Get Free Report) updated its FY 2024 earnings guidance on Thursday. The company provided earnings per share guidance of 13.850-14.100 for the period, compared to the consensus earnings per share estimate of 14.170. The company issued revenue guidance of $13.2 billion-$13.5 billion, compared to the consensus revenue estimate of $13.5 billion.

Analyst Ratings Changes

Several research firms recently issued reports on SPGI. Royal Bank of Canada reaffirmed an outperform rating and issued a $500.00 price objective on shares of S&P Global in a research note on Friday, June 21st. Barclays upped 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 report on Tuesday, April 2nd. Erste Group Bank reaffirmed a hold rating on shares of S&P Global in a research report on Wednesday, April 3rd. BMO Capital Markets upped their target price on shares of S&P Global from $480.00 to $483.00 and gave the company an outperform rating in a research note on Monday, April 1st. Finally, Oppenheimer upped their target price on shares of S&P Global from $480.00 to $482.00 and gave the company an outperform rating in a research note on Friday, April 26th. Two investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of Moderate Buy and a consensus target price of $467.89.

S&P Global Trading Up 0.1 %

NYSE SPGI traded up $0.55 during trading hours on Thursday, hitting $448.91. The company's stock had a trading volume of 1,051,173 shares, compared to its average volume of 1,280,763. The stock has a fifty day moving average of $430.07 and a 200 day moving average of $431.44. S&P Global has a twelve month low of $340.49 and a twelve month high of $461.16. The firm has a market capitalization of $140.46 billion, a P/E ratio of 50.33, a PEG ratio of 2.49 and a beta of 1.15. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.33.

S&P Global (NYSE:SPGI - Get Free Report) last announced its quarterly earnings data on Thursday, April 25th. The business services provider reported $4.01 earnings per share for the quarter, beating the consensus estimate of $3.68 by $0.33. S&P Global had a net margin of 22.01% and a return on equity of 12.20%. The business had revenue of $3.49 billion for the quarter, compared to analyst estimates of $3.39 billion. Equities research analysts forecast that S&P Global will post 14.1 earnings per share for the current fiscal year.

S&P Global Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 11th. Investors of record on Tuesday, August 27th will be issued a $0.91 dividend. The ex-dividend date is Tuesday, August 27th. This represents a $3.64 annualized dividend and a yield of 0.81%. S&P Global's dividend payout ratio is currently 40.81%.

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.