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.

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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.

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