S&P Global (NYSE:SPGI – Get Free Report) issued an update on its FY 2024 earnings guidance on Thursday morning. The company provided EPS guidance of 13.850-14.100 for the period, compared to the consensus EPS estimate of 14.110. The company issued revenue guidance of $13.2 billion-$13.5 billion, compared to the consensus revenue estimate of $13.4 billion. S&P Global also updated its FY24 guidance to $13.85-14.10 EPS.
Wall Street Analyst Weigh In
SPGI has been the topic of a number of analyst reports. Stifel Nicolaus lifted their price objective on shares of S&P Global from $442.00 to $446.00 and gave the stock a buy rating in a research report on Friday. Erste Group Bank reiterated a hold rating on shares of S&P Global in a report on Wednesday, April 3rd. Barclays raised their price objective on S&P Global from $500.00 to $520.00 and gave the stock an overweight rating in a research report on Tuesday, April 2nd. Oppenheimer upped their target price on S&P Global from $480.00 to $482.00 and gave the company an outperform rating in a research report on Friday. Finally, Raymond James boosted their price target on S&P Global from $422.00 to $452.00 and gave the stock an outperform rating in a research note on Tuesday, January 9th. Two equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of Moderate Buy and a consensus price target of $462.60.
Check Out Our Latest Research Report on S&P Global
S&P Global Stock Performance
S&P Global (NYSE:SPGI – Get Free Report) last released its quarterly earnings data on Thursday, April 25th. The business services provider reported $4.01 earnings per share for the quarter, beating analysts’ consensus estimates of $3.68 by $0.33. S&P Global had a return on equity of 11.34% and a net margin of 21.02%. The business had revenue of $3.49 billion during the quarter, compared to analyst estimates of $3.39 billion. As a group, research analysts predict that S&P Global will post 14.11 earnings per share for the current fiscal year.
Insider Activity
In related news, CEO Douglas L. Peterson sold 6,000 shares of the company’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $424.74, for a total transaction of $2,548,440.00. Following the completion of the transaction, the chief executive officer now owns 162,530 shares in the company, valued at approximately $69,032,992.20. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 0.10% of the company’s stock.
S&P Global Company Profile
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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