S&P Global Inc (NYSE:SPGI) Expected to Announce Quarterly Sales of $1.63 Billion

Brokerages expect that S&P Global Inc (NYSE:SPGI) will post sales of $1.63 billion for the current quarter, according to Zacks. Five analysts have issued estimates for S&P Global’s earnings. The highest sales estimate is $1.68 billion and the lowest is $1.59 billion. S&P Global reported sales of $1.61 billion during the same quarter last year, which would suggest a positive year-over-year growth rate of 1.2%. The company is expected to announce its next earnings results on Thursday, July 25th.

On average, analysts expect that S&P Global will report full-year sales of $6.50 billion for the current financial year, with estimates ranging from $6.48 billion to $6.52 billion. For the next year, analysts forecast that the business will report sales of $6.92 billion, with estimates ranging from $6.84 billion to $7.01 billion. Zacks’ sales averages are a mean average based on a survey of research firms that follow S&P Global.

S&P Global (NYSE:SPGI) last released its quarterly earnings data on Thursday, May 2nd. The business services provider reported $2.11 earnings per share for the quarter, missing the consensus estimate of $2.12 by ($0.01). S&P Global had a net margin of 29.99% and a return on equity of 325.28%. The company had revenue of $1.57 billion for the quarter, compared to analysts’ expectations of $1.60 billion. During the same period in the previous year, the firm earned $2.00 earnings per share. The firm’s revenue for the quarter was up .3% on a year-over-year basis.

Several research analysts have recently weighed in on SPGI shares. UBS Group raised shares of S&P Global from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $228.00 to $252.00 in a report on Tuesday, May 21st. Morgan Stanley boosted their price objective on shares of S&P Global from $226.00 to $232.00 and gave the company an “equal weight” rating in a report on Tuesday, June 11th. Zacks Investment Research raised shares of S&P Global from a “sell” rating to a “hold” rating in a report on Monday, May 6th. Raymond James boosted their price objective on shares of S&P Global from $209.00 to $226.00 and gave the company an “outperform” rating in a report on Tuesday, April 9th. Finally, Piper Jaffray Companies boosted their target price on shares of S&P Global from $220.00 to $242.00 and gave the company an “overweight” rating in a research report on Friday, April 5th. Five analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. S&P Global has a consensus rating of “Buy” and an average price target of $217.27.

SPGI opened at $227.98 on Wednesday. The company has a debt-to-equity ratio of 11.03, a current ratio of 1.20 and a quick ratio of 1.20. The firm’s 50 day moving average is $219.04. S&P Global has a twelve month low of $156.68 and a twelve month high of $235.58. The stock has a market capitalization of $56.31 billion, a PE ratio of 26.82, a price-to-earnings-growth ratio of 1.84 and a beta of 1.10.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 12th. Investors of record on Wednesday, May 29th were given a dividend of $0.57 per share. The ex-dividend date of this dividend was Tuesday, May 28th. This represents a $2.28 annualized dividend and a yield of 1.00%. S&P Global’s dividend payout ratio (DPR) is 26.82%.

In other S&P Global news, CFO Ewout L. Steenbergen sold 8,000 shares of the company’s stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $215.59, for a total value of $1,724,720.00. Following the completion of the transaction, the chief financial officer now directly owns 15,694 shares in the company, valued at $3,383,469.46. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Alexander Matturri, Jr. sold 1,790 shares of the company’s stock in a transaction that occurred on Thursday, March 28th. The stock was sold at an average price of $205.88, for a total transaction of $368,525.20. Following the completion of the transaction, the chief executive officer now 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 22,095 shares of company stock valued at $4,729,500 over the last 90 days. 0.20% of the stock is currently owned by company insiders.

Several institutional investors and hedge funds have recently bought and sold shares of the business. Comerica Securities Inc. acquired a new stake in shares of S&P Global in the 4th quarter valued at about $235,000. FDx Advisors Inc. grew its holdings in shares of S&P Global by 67.7% in the 4th quarter. FDx Advisors Inc. now owns 2,803 shares of the business services provider’s stock valued at $476,000 after acquiring an additional 1,132 shares in the last quarter. LPL Financial LLC grew its holdings in shares of S&P Global by 31.0% in the 4th quarter. LPL Financial LLC now owns 23,272 shares of the business services provider’s stock valued at $3,955,000 after acquiring an additional 5,511 shares in the last quarter. Dean Capital Investments Management LLC bought a new position in shares of S&P Global in the 4th quarter valued at about $408,000. Finally, Cpwm LLC grew its holdings in shares of S&P Global by 9.0% in the 4th quarter. Cpwm LLC now owns 1,606 shares of the business services provider’s stock valued at $273,000 after acquiring an additional 133 shares in the last quarter. Institutional investors and hedge funds own 82.81% of the company’s stock.

About S&P Global

S&P Global Inc, together with its subsidiaries, provides ratings, benchmarks, analytics, and data to the capital and commodity markets worldwide. The company operates through four segments: S&P Global Ratings (Ratings), S&P Global Market Intelligence (Market Intelligence), S&P Global Platts (Platts), and S&P Dow Jones Indices (Indices).

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

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