FY2024 EPS Estimates for S&P Global Lifted by Zacks Research

S&P Global Inc. (NYSE:SPGI) – Equities research analysts at Zacks Research lifted their FY2024 earnings per share estimates for S&P Global in a research note issued to investors on Thursday, November 14th. Zacks Research analyst R. Department now anticipates that the business services provider will earn $15.12 per share for the year, up from their prior 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.

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

Other equities analysts also recently issued reports about the stock. UBS Group upped their price target on shares of S&P Global from $605.00 to $610.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Raymond James downgraded S&P Global from an “outperform” rating to a “market perform” rating in a research note on Monday, September 23rd. Wells Fargo & Company boosted their price target on S&P Global from $575.00 to $620.00 and gave the company an “overweight” rating in a research note on Wednesday, October 9th. Morgan Stanley raised their price objective on shares of S&P Global from $564.00 to $570.00 and gave the company an “overweight” rating in a research report on Wednesday, October 9th. Finally, Oppenheimer boosted their target price on shares of S&P Global from $540.00 to $590.00 and gave the stock an “outperform” rating in a research report on Thursday, October 3rd. Two analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $571.31.

S&P Global Stock Performance

Shares of SPGI opened at $503.29 on Monday. The company has a market capitalization of $156.17 billion, a PE ratio of 44.42, a PEG ratio of 2.57 and a beta of 1.18. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.94 and a current ratio of 0.94. The company’s 50 day moving average price is $510.47 and its 200 day moving average price is $479.62. S&P Global has a 52 week low of $401.79 and a 52 week high of $533.29.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. First National Corp MA ADV boosted its holdings in S&P Global by 0.9% in the 3rd quarter. First National Corp MA ADV now owns 2,344 shares of the business services provider’s stock valued at $1,211,000 after purchasing an additional 20 shares during the period. Kathleen S. Wright Associates Inc. raised its position in shares of S&P Global by 25.0% during the third quarter. Kathleen S. Wright Associates Inc. now owns 100 shares of the business services provider’s stock valued at $51,000 after buying an additional 20 shares during the last quarter. Trust Point Inc. raised its position in shares of S&P Global by 1.4% during the third quarter. Trust Point Inc. now owns 1,404 shares of the business services provider’s stock valued at $725,000 after buying an additional 20 shares during the last quarter. Headinvest LLC lifted its stake in shares of S&P Global by 2.0% in the third quarter. Headinvest LLC now owns 997 shares of the business services provider’s stock valued at $515,000 after buying an additional 20 shares during the period. Finally, EWA LLC grew its position in S&P Global by 4.2% during the third quarter. EWA LLC now owns 498 shares of the business services provider’s stock worth $254,000 after buying an additional 20 shares in the last quarter. 87.17% of the stock is currently owned by institutional investors and hedge funds.

S&P Global Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 11th. Stockholders of record on Tuesday, November 26th will be paid a $0.91 dividend. The ex-dividend date is Tuesday, November 26th. This represents a $3.64 dividend on an annualized basis and a dividend 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.