S&P Global (NYSE:SPGI – Get Free Report) is scheduled to be posting its quarterly earnings results before the market opens on Thursday, April 25th. Analysts expect S&P Global to post earnings of $3.46 per share for the quarter. S&P Global has set its FY24 guidance at $13.75-14.00 EPS and its FY 2024 guidance at 13.750-14.000 EPS.Individual that are interested in registering for the company’s earnings conference call can do so using this link.
S&P Global (NYSE:SPGI – Get Free Report) last posted its quarterly earnings results on Thursday, February 8th. The business services provider reported $3.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.15 by ($0.02). S&P Global had a net margin of 21.02% and a return on equity of 11.34%. The business had revenue of $3.15 billion during the quarter, compared to analyst estimates of $3.13 billion. During the same period in the previous year, the business posted $2.54 EPS. The business’s revenue for the quarter was up 7.3% compared to the same quarter last year. On average, analysts expect S&P Global to post $14 EPS for the current fiscal year and $16 EPS for the next fiscal year.
S&P Global Stock Performance
NYSE SPGI opened at $413.25 on Wednesday. The company has a fifty day simple moving average of $424.29 and a 200 day simple moving average of $417.10. S&P Global has a 12-month low of $338.92 and a 12-month high of $461.16. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.33. The company has a market cap of $132.35 billion, a P/E ratio of 50.21, a PEG ratio of 2.32 and a beta of 1.15.
Insider Activity at S&P Global
Analyst Upgrades and Downgrades
A number of research firms have recently commented on SPGI. Oppenheimer reiterated an “outperform” rating and set a $480.00 target price on shares of S&P Global in a research note on Tuesday, April 2nd. Stifel Nicolaus reduced their target price on S&P Global from $460.00 to $442.00 and set a “buy” rating for the company in a report on Thursday, April 18th. Barclays boosted their price objective on S&P Global from $500.00 to $520.00 and gave the stock an “overweight” rating in a report on Tuesday, April 2nd. Erste Group Bank reissued a “hold” rating on shares of S&P Global in a report on Wednesday, April 3rd. Finally, BMO Capital Markets boosted their price objective on S&P Global from $480.00 to $483.00 and gave the stock an “outperform” rating in a report on Monday, April 1st. Two investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, S&P Global has a consensus rating of “Moderate Buy” and an average price target of $462.00.
Check Out Our Latest Research Report on SPGI
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.
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