Q3 2024 Earnings Estimate for S&P Global Inc. Issued By William Blair (NYSE:SPGI)

S&P Global Inc. (NYSE:SPGI) – William Blair lowered their Q3 2024 earnings per share estimates for S&P Global in a research note issued on Monday, April 29th. William Blair analyst A. Nicholas now expects that the business services provider will post earnings per share of $3.35 for the quarter, down from their prior estimate of $3.46. The consensus estimate for S&P Global’s current full-year earnings is $14.09 per share. William Blair also issued estimates for S&P Global’s Q4 2024 earnings at $3.21 EPS, Q1 2025 earnings at $4.27 EPS, Q2 2025 earnings at $3.89 EPS, Q3 2025 earnings at $3.86 EPS and Q4 2025 earnings at $3.72 EPS.

Several other research analysts have also commented on SPGI. Barclays lifted their price target on shares of S&P Global from $500.00 to $520.00 and gave the company an “overweight” rating in a report on Tuesday, April 2nd. BMO Capital Markets upped their price objective on S&P Global from $480.00 to $483.00 and gave the stock an “outperform” rating in a research note on Monday, April 1st. Raymond James raised their target price on S&P Global from $422.00 to $452.00 and gave the company an “outperform” rating in a research note on Tuesday, January 9th. Royal Bank of Canada restated an “outperform” rating and set a $500.00 price target on shares of S&P Global in a research report on Friday, February 9th. Finally, Stifel Nicolaus lifted their price objective on shares of S&P Global from $442.00 to $446.00 and gave the company a “buy” rating in a research report on Friday, April 26th. Two equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, S&P Global presently has a consensus rating of “Moderate Buy” and an average target price of $462.60.

S&P Global Stock Performance

S&P Global stock opened at $416.21 on Tuesday. The company has a market cap of $130.23 billion, a PE ratio of 46.66, a P/E/G ratio of 2.32 and a beta of 1.15. S&P Global has a 12 month low of $340.49 and a 12 month high of $461.16. The company has a fifty day moving average price of $423.26 and a two-hundred day moving average price of $418.76. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.92 and a quick ratio of 0.92.

S&P Global (NYSE:SPGI) last issued its earnings results on Thursday, April 25th. The business services provider reported $4.01 EPS for the quarter, topping the consensus estimate of $3.68 by $0.33. The company had revenue of $3.49 billion during the quarter, compared to analyst estimates of $3.39 billion. S&P Global had a return on equity of 12.20% and a net margin of 22.01%.

S&P Global Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 12th. Investors of record on Wednesday, May 29th will be paid a dividend of $0.91 per share. The ex-dividend date is Wednesday, May 29th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 0.87%. S&P Global’s dividend payout ratio is presently 40.81%.

Insider Buying and Selling

In other news, CEO Douglas L. Peterson sold 6,000 shares of the company’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $424.74, for a total value of $2,548,440.00. Following the completion of the sale, the chief executive officer now owns 162,530 shares in the company, valued at $69,032,992.20. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.10% of the stock is owned by corporate insiders.

Institutional Trading of S&P Global

A number of large investors have recently added to or reduced their stakes in SPGI. D.B. Root & Company LLC raised its position in shares of S&P Global by 3.6% during the fourth quarter. D.B. Root & Company LLC now owns 662 shares of the business services provider’s stock worth $292,000 after purchasing an additional 23 shares during the period. Mayflower Financial Advisors LLC lifted its position in shares of S&P Global by 3.3% in the 4th quarter. Mayflower Financial Advisors LLC now owns 714 shares of the business services provider’s stock valued at $315,000 after acquiring an additional 23 shares in the last quarter. Allworth Financial LP boosted its stake in S&P Global by 1.8% in the 4th quarter. Allworth Financial LP now owns 1,356 shares of the business services provider’s stock worth $598,000 after purchasing an additional 24 shares during the period. Oakworth Capital Inc. grew its position in S&P Global by 31.2% during the 4th quarter. Oakworth Capital Inc. now owns 101 shares of the business services provider’s stock worth $44,000 after purchasing an additional 24 shares in the last quarter. Finally, Independence Bank of Kentucky raised its stake in S&P Global by 1.7% during the 4th quarter. Independence Bank of Kentucky now owns 1,487 shares of the business services provider’s stock valued at $655,000 after purchasing an additional 25 shares during the period. 87.17% of the stock is currently owned by institutional investors.

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.