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.

ILLEGAL ACTIVITY WARNING: This article was first published by Watch List News and is owned by of Watch List News. If you are reading this article on another website, it was illegally stolen and reposted in violation of international trademark & copyright laws. The legal version of this article can be accessed at https://www.watchlistnews.com/1-49-billion-in-sales-expected-for-sp-global-inc-spgi-this-quarter/1805350.html.

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.

Get a free copy of the Zacks research report on S&P Global (SPGI)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for S&P Global Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for S&P Global and related companies with MarketBeat.com's FREE daily email newsletter.