FY2024 EPS Estimates for S&P Global Increased by Analyst

S&P Global Inc. (NYSE:SPGI - Free Report) - Equities research analysts at Zacks Research increased their FY2024 EPS estimates for S&P Global in a research note issued to investors on Thursday, November 14th. Zacks Research analyst R. Department now forecasts that the business services provider will post earnings per share of $15.12 for the year, up from their previous forecast of $14.50. The consensus estimate for S&P Global's current full-year earnings is $15.24 per share. Zacks Research also issued estimates for S&P Global's Q1 2025 earnings at $4.05 EPS, Q2 2025 earnings at $4.03 EPS and FY2025 earnings at $16.14 EPS.

SPGI has been the topic of a number of other reports. Wells Fargo & Company boosted their target price on shares of S&P Global from $575.00 to $620.00 and gave the stock an "overweight" rating in a report on Wednesday, October 9th. Stifel Nicolaus boosted their price objective on shares of S&P Global from $540.00 to $560.00 and gave the stock a "buy" rating in a research note on Monday, October 28th. Royal Bank of Canada raised their target price on S&P Global from $500.00 to $552.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 31st. Evercore ISI initiated coverage on S&P Global in a research report on Wednesday, October 2nd. They issued an "outperform" rating and a $599.00 price target on the stock. Finally, UBS Group lifted their price objective on S&P Global from $605.00 to $610.00 and gave the stock a "buy" rating in a research note on Friday, October 25th. Two investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company's stock. According to MarketBeat, S&P Global presently has a consensus rating of "Moderate Buy" and a consensus target price of $571.31.

S&P Global Price Performance

Shares of SPGI traded down $0.29 during midday trading on Monday, hitting $503.00. The company's stock had a trading volume of 1,174,232 shares, compared to its average volume of 1,210,120. The company's fifty day simple moving average is $510.21 and its two-hundred day simple moving average is $480.23. The stock has a market capitalization of $156.08 billion, a price-to-earnings ratio of 44.40, a price-to-earnings-growth ratio of 2.57 and a beta of 1.18. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.33. S&P Global has a one year low of $407.53 and a one year high of $533.29.

S&P Global (NYSE:SPGI - Get Free Report) last posted its quarterly earnings data on Thursday, October 24th. The business services provider reported $3.89 earnings per share for the quarter, topping the consensus estimate of $3.64 by $0.25. S&P Global had a net margin of 25.80% and a return on equity of 13.72%. The business had revenue of $3.58 billion during the quarter, compared to analysts' expectations of $3.43 billion. During the same quarter in the prior year, the business posted $3.21 earnings per share. S&P Global's revenue was up 15.9% compared to the same quarter last year.

Institutional Investors Weigh In On S&P Global

A number of institutional investors have recently made changes to their positions in SPGI. Northwest Investment Counselors LLC bought a new position in S&P Global in the third quarter worth about $27,000. First Personal Financial Services bought a new position in shares of S&P Global in the 3rd quarter worth approximately $29,000. Sachetta LLC lifted its stake in shares of S&P Global by 103.4% in the 2nd quarter. Sachetta LLC now owns 59 shares of the business services provider's stock valued at $29,000 after purchasing an additional 30 shares during the period. Capital Performance Advisors LLP bought a new stake in shares of S&P Global during the third quarter valued at approximately $31,000. Finally, HWG Holdings LP purchased a new stake in S&P Global in the second quarter worth $27,000. Hedge funds and other institutional investors own 87.17% of the company's stock.

S&P Global Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 11th. Shareholders of record on Tuesday, November 26th will be given a dividend of $0.91 per share. The ex-dividend date is Tuesday, November 26th. This represents a $3.64 annualized dividend and a yield of 0.72%. S&P Global's payout ratio is presently 32.13%.

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.