S&P Global (SPGI) Updates FY18 Earnings Guidance

S&P Global (NYSE:SPGI) issued an update on its FY18 earnings guidance on Tuesday morning. The company provided earnings per share guidance of $8.45-8.60 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $7.38.

Shares of S&P Global (NYSE SPGI) opened at $182.69 on Thursday. The company has a current ratio of 1.35, a quick ratio of 1.52 and a debt-to-equity ratio of 4.13. The firm has a market capitalization of $45,889.80, a price-to-earnings ratio of 26.08, a price-to-earnings-growth ratio of 1.96 and a beta of 1.52. S&P Global has a twelve month low of $124.64 and a twelve month high of $185.38.

S&P Global (NYSE:SPGI) last posted its earnings results on Tuesday, February 6th. The business services provider reported $1.85 earnings per share for the quarter, topping analysts’ consensus estimates of $1.59 by $0.26. The company had revenue of $1.59 billion during the quarter, compared to analyst estimates of $1.50 billion. S&P Global had a return on equity of 199.44% and a net margin of 24.69%. S&P Global’s revenue was up 13.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.28 earnings per share. equities analysts forecast that S&P Global will post 7.35 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 12th. Stockholders of record on Monday, February 26th will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 1.09%. The ex-dividend date is Friday, February 23rd. This is a positive change from S&P Global’s previous quarterly dividend of $0.41. S&P Global’s dividend payout ratio is currently 28.37%.

Several analysts have recently commented on SPGI shares. BMO Capital Markets reiterated a buy rating and set a $177.00 price objective on shares of S&P Global in a report on Friday, October 13th. Zacks Investment Research upgraded S&P Global from a hold rating to a buy rating and set a $204.00 price objective for the company in a report on Tuesday, January 23rd. Barclays increased their price objective on S&P Global from $170.00 to $180.00 and gave the company an overweight rating in a report on Friday, October 27th. Goldman Sachs Group reiterated a neutral rating and set a $176.00 price objective on shares of S&P Global in a report on Wednesday, October 18th. Finally, Cantor Fitzgerald increased their price objective on S&P Global from $190.00 to $196.00 and gave the company an overweight rating in a report on Wednesday. Seven equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The stock has an average rating of Buy and an average target price of $182.29.

In related news, CEO Douglas L. Peterson sold 4,000 shares of the company’s stock in a transaction on Wednesday, November 15th. The stock was sold at an average price of $157.79, for a total value of $631,160.00. Following the transaction, the chief executive officer now directly owns 140,743 shares of the company’s stock, valued at approximately $22,207,837.97. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.20% of the stock is owned by corporate insiders.

WARNING: This story was first posted by Sports Perspectives and is the property of of Sports Perspectives. If you are accessing this story on another publication, it was copied illegally and reposted in violation of international copyright laws. The legal version of this story can be viewed at https://sportsperspectives.com/2018/02/08/sp-global-spgi-updates-fy18-earnings-guidance-2.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.

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.

Latest News

Leave a Reply