S&P Global (NYSE:SPGI – Get Free Report) issued an update on its FY 2024 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of 13.850-14.100 for the period, compared to the consensus 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.
Analyst Upgrades and Downgrades
SPGI has been the topic of a number of recent analyst reports. Royal Bank of Canada restated an outperform rating and issued a $500.00 price target on shares of S&P Global in a research report on Friday, February 9th. Raymond James boosted their target price on shares of S&P Global from $422.00 to $452.00 and gave the company an outperform rating in a report on Tuesday, January 9th. Stifel Nicolaus increased their price target on S&P Global from $442.00 to $446.00 and gave the stock a buy rating in a report on Friday. BMO Capital Markets boosted their price objective on S&P Global from $480.00 to $483.00 and gave the company an outperform rating in a research note on Monday, April 1st. Finally, 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. Two equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of Moderate Buy and an average price target of $462.60.
Check Out Our Latest Analysis on SPGI
S&P Global Stock Up 0.1 %
S&P Global (NYSE:SPGI – Get Free Report) last issued its quarterly earnings data on Thursday, April 25th. The business services provider reported $4.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.68 by $0.33. S&P Global had a net margin of 21.02% and a return on equity of 11.34%. The firm had revenue of $3.49 billion during the quarter, compared to analysts’ expectations of $3.39 billion. Equities research analysts predict that S&P Global will post 14.11 earnings per share for the current fiscal year.
Insider Activity at S&P Global
In other S&P Global news, CEO Douglas L. Peterson sold 6,000 shares of S&P Global stock in a transaction on 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 transaction, the chief executive officer now directly owns 162,530 shares of the company’s stock, valued at approximately $69,032,992.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.10% of the stock is owned by insiders.
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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