Zacks: Brokerages Anticipate S&P Global Inc (SPGI) to Post $2.11 EPS

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Wall Street analysts expect that S&P Global Inc (NYSE:SPGI) will post earnings of $2.11 per share for the current fiscal quarter, Zacks Investment Research reports. Five analysts have provided estimates for S&P Global’s earnings, with the lowest EPS estimate coming in at $2.06 and the highest estimate coming in at $2.21. S&P Global reported earnings per share of $2.00 during the same quarter last year, which would indicate a positive year-over-year growth rate of 5.5%. The business is expected to issue its next quarterly earnings results before the market opens on Thursday, May 2nd.

According to Zacks, analysts expect that S&P Global will report full year earnings of $9.03 per share for the current fiscal year, with EPS estimates ranging from $8.90 to $9.15. For the next fiscal year, analysts anticipate that the business will report earnings of $9.94 per share, with EPS estimates ranging from $9.64 to $10.10. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research firms that cover S&P Global.

S&P Global (NYSE:SPGI) last posted its quarterly earnings results on Thursday, February 7th. The business services provider reported $2.22 earnings per share for the quarter, topping the consensus estimate of $2.20 by $0.02. The business had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.60 billion. S&P Global had a net margin of 31.30% and a return on equity of 367.09%. The firm’s revenue for the quarter was down 3.3% on a year-over-year basis. During the same period in the previous year, the firm posted $1.85 earnings per share.

SPGI has been the subject of several recent analyst reports. UBS Group upped their price objective on shares of S&P Global from $205.00 to $226.00 and gave the company a “neutral” rating in a research note on Tuesday, April 9th. Atlantic Securities upgraded shares of S&P Global from a “neutral” rating to an “overweight” rating and set a $210.00 price objective on the stock in a research report on Friday, January 11th. Raymond James decreased their price objective on shares of S&P Global from $215.00 to $209.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 8th. Zacks Investment Research downgraded shares of S&P Global from a “hold” rating to a “sell” rating in a research report on Wednesday, April 10th. Finally, Morgan Stanley set a $193.00 price objective on shares of S&P Global and gave the company a “hold” rating in a research report on Wednesday, January 23rd. One investment analyst has rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the stock. S&P Global currently has a consensus rating of “Hold” and a consensus target price of $212.18.

Shares of NYSE:SPGI traded up $1.81 during midday trading on Tuesday, hitting $217.20. 758,691 shares of the stock traded hands, compared to its average volume of 859,648. The company has a market cap of $53.45 billion, a price-to-earnings ratio of 25.55, a price-to-earnings-growth ratio of 1.37 and a beta of 1.16. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 5.35. S&P Global has a one year low of $156.68 and a one year high of $217.94.

In related news, CEO Alexander Matturri, Jr. sold 1,791 shares of S&P Global stock in a transaction dated Tuesday, February 12th. The shares were sold at an average price of $195.74, for a total transaction of $350,570.34. Following the completion of the transaction, the chief executive officer now directly owns 17,354 shares of the company’s stock, valued at approximately $3,396,871.96. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Alexander Matturri, Jr. sold 1,790 shares of S&P Global stock in a transaction dated Thursday, March 28th. The stock was sold at an average price of $205.88, for a total transaction of $368,525.20. Following the transaction, the chief executive officer now directly owns 19,478 shares of the company’s stock, valued at $4,010,130.64. The disclosure for this sale can be found here. Insiders have sold 19,041 shares of company stock valued at $3,805,815 over the last ninety days. 0.20% of the stock is currently owned by corporate insiders.

Several hedge funds have recently added to or reduced their stakes in SPGI. Wambolt & Associates LLC lifted its stake in shares of S&P Global by 3.1% in the 1st quarter. Wambolt & Associates LLC now owns 1,744 shares of the business services provider’s stock valued at $375,000 after purchasing an additional 53 shares during the period. Round Table Services LLC boosted its position in shares of S&P Global by 3.9% during the 1st quarter. Round Table Services LLC now owns 1,510 shares of the business services provider’s stock worth $318,000 after purchasing an additional 57 shares in the last quarter. Carroll Financial Associates Inc. boosted its position in shares of S&P Global by 12.6% during the 1st quarter. Carroll Financial Associates Inc. now owns 545 shares of the business services provider’s stock worth $114,000 after purchasing an additional 61 shares in the last quarter. Private Trust Co. NA boosted its position in shares of S&P Global by 1.2% during the 1st quarter. Private Trust Co. NA now owns 6,124 shares of the business services provider’s stock worth $1,289,000 after purchasing an additional 70 shares in the last quarter. Finally, Elite Wealth Management Inc. boosted its position in shares of S&P Global by 1.0% during the 4th quarter. Elite Wealth Management Inc. now owns 7,058 shares of the business services provider’s stock worth $1,199,000 after purchasing an additional 72 shares in the last quarter. 84.22% of the stock is owned by hedge funds and other institutional investors.

S&P Global Company Profile

S&P Global Inc provides independent ratings, benchmarks, analytics, and data to the capital and commodity markets worldwide. It operates through three segments: Ratings, Market and Commodities Intelligence, and S&P Dow Jones Indices. The Ratings segment provides credit ratings, research, and analytics to investors, issuers, and other market participants.

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Earnings History and Estimates for S&P Global (NYSE:SPGI)

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