$1.49 Billion in Sales Expected for S&P Global Inc (SPGI) This Quarter
Analysts expect S&P Global Inc (NYSE:SPGI) to post sales of $1.49 billion for the current fiscal quarter, according to Zacks Investment Research. Four analysts have provided estimates for S&P Global’s earnings, with estimates ranging from $1.47 billion to $1.51 billion. S&P Global reported sales of $1.40 billion in the same quarter last year, which indicates a positive year-over-year growth rate of 6.4%. The company is scheduled to report its next quarterly earnings report on Tuesday, February 6th.
According to Zacks, analysts expect that S&P Global will report full-year sales of $1.49 billion for the current year, with estimates ranging from $5.95 billion to $6.00 billion. For the next year, analysts expect that the business will post sales of $6.31 billion per share, with estimates ranging from $6.26 billion to $6.36 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research analysts that cover S&P Global.
S&P Global (NYSE:SPGI) last released its earnings results on Thursday, October 26th. The business services provider reported $1.71 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.52 by $0.19. S&P Global had a return on equity of 187.30% and a net margin of 30.15%. The firm had revenue of $1.51 billion for the quarter, compared to analysts’ expectations of $1.45 billion. During the same quarter in the previous year, the business posted $1.43 earnings per share. The business’s revenue for the quarter was up 5.1% on a year-over-year basis.
SPGI has been the topic of a number of recent analyst reports. BMO Capital Markets reiterated a “buy” rating and issued a $177.00 target price on shares of S&P Global in a research report on Friday, October 13th. Morgan Stanley lifted their target price on S&P Global from $154.00 to $158.00 and gave the company an “equal weight” rating in a research report on Friday, October 6th. Zacks Investment Research upgraded S&P Global from a “hold” rating to a “buy” rating and set a $197.00 target price on the stock in a research report on Thursday. Barclays lifted their target price on S&P Global from $170.00 to $180.00 and gave the company an “overweight” rating in a research report on Friday, October 27th. Finally, Goldman Sachs Group reiterated a “neutral” rating and issued a $176.00 target price on shares of S&P Global in a research report on Wednesday, October 18th. Seven equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $171.46.
In other news, CEO Douglas L. Peterson sold 4,000 shares of the business’s stock in a transaction dated Wednesday, November 15th. The stock was sold at an average price of $157.79, for a total transaction of $631,160.00. Following the sale, the chief executive officer now directly owns 140,743 shares in the company, valued at $22,207,837.97. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Courtney Geduldig sold 1,404 shares of the company’s stock in a transaction that occurred on Thursday, November 9th. The shares were sold at an average price of $159.38, for a total value of $223,769.52. Following the completion of the sale, the executive vice president now owns 1,259 shares in the company, valued at $200,659.42. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 7,000 shares of company stock worth $1,104,704. Company insiders own 0.20% of the company’s stock.
A number of hedge funds have recently made changes to their positions in SPGI. Janus Henderson Group PLC boosted its holdings in S&P Global by 4,882.5% in the second quarter. Janus Henderson Group PLC now owns 1,745,016 shares of the business services provider’s stock valued at $254,755,000 after acquiring an additional 1,709,993 shares during the last quarter. American Century Companies Inc. boosted its holdings in S&P Global by 109.6% in the third quarter. American Century Companies Inc. now owns 1,182,826 shares of the business services provider’s stock valued at $184,888,000 after acquiring an additional 618,411 shares during the last quarter. Atlantic Trust Group LLC boosted its holdings in S&P Global by 2,825.8% in the third quarter. Atlantic Trust Group LLC now owns 528,026 shares of the business services provider’s stock valued at $82,536,000 after acquiring an additional 509,979 shares during the last quarter. Milestone Resources Group Ltd bought a new stake in S&P Global in the fourth quarter valued at approximately $66,273,000. Finally, Vanguard Group Inc. boosted its holdings in S&P Global by 2.0% in the second quarter. Vanguard Group Inc. now owns 19,774,884 shares of the business services provider’s stock valued at $2,886,935,000 after acquiring an additional 379,537 shares during the last quarter. Institutional investors and hedge funds own 84.95% of the company’s stock.
S&P Global (SPGI) opened at $177.64 on Friday. S&P Global has a 12-month low of $111.94 and a 12-month high of $178.50. The company has a debt-to-equity ratio of 4.00, a current ratio of 1.52 and a quick ratio of 1.52. The stock has a market capitalization of $45,300.00, a PE ratio of 26.09, a price-to-earnings-growth ratio of 1.94 and a beta of 1.51.
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About S&P Global
S&P Global Inc, formerly McGraw Hill Financial Inc, is a provider of ratings, benchmarks, analytics and data to the capital and commodity markets around the world. The Company operates through three segments: Ratings, which provides credit ratings, research and analytics to investors, issuers and other market participants; Market and Commodities Intelligence, which offers multi-asset-class data, research and analytical capabilities that integrate cross-asset analytics and desktop services, and deliver their customers in the commodity and energy markets access to information, data, analytic services and pricing and benchmarks, and S&P Dow Jones Indices (Indices), which is an index provider that maintains a range of valuation and index benchmarks for investment advisors, wealth managers and institutional investors.
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