FY2018 Earnings Estimate for S&P Global Inc (SPGI) Issued By Piper Jaffray Companies

S&P Global Inc (NYSE:SPGI) – Analysts at Piper Jaffray Companies increased their FY2018 earnings estimates for shares of S&P Global in a research note issued to investors on Thursday, October 25th. Piper Jaffray Companies analyst P. Appert now forecasts that the business services provider will post earnings of $8.51 per share for the year, up from their prior estimate of $8.39. Piper Jaffray Companies also issued estimates for S&P Global’s Q3 2019 earnings at $2.37 EPS.

S&P Global (NYSE:SPGI) last announced its quarterly earnings data on Thursday, October 25th. The business services provider reported $2.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.01 by $0.10. The firm had revenue of $1.55 billion during the quarter, compared to the consensus estimate of $1.58 billion. S&P Global had a return on equity of 340.41% and a net margin of 27.10%.

Several other equities research analysts also recently issued reports on the company. Morgan Stanley set a $202.00 price objective on S&P Global and gave the stock a “hold” rating in a research note on Friday, October 26th. Raymond James reduced their price objective on S&P Global from $222.00 to $215.00 and set an “outperform” rating for the company in a research note on Friday, October 26th. BMO Capital Markets reduced their price objective on S&P Global from $197.00 to $185.00 and set a “market perform” rating for the company in a research note on Friday, October 26th. Wells Fargo & Co reduced their price objective on S&P Global from $205.00 to $180.00 and set a “market perform” rating for the company in a research note on Friday, October 26th. Finally, ValuEngine downgraded S&P Global from a “buy” rating to a “hold” rating in a research note on Tuesday, October 9th. Nine analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $206.69.

Shares of S&P Global stock opened at $176.61 on Monday. The stock has a market capitalization of $43.11 billion, a P/E ratio of 25.63, a price-to-earnings-growth ratio of 1.40 and a beta of 1.20. The company has a debt-to-equity ratio of 3.82, a current ratio of 1.44 and a quick ratio of 1.27. S&P Global has a 1 year low of $153.25 and a 1 year high of $217.31.

Institutional investors and hedge funds have recently bought and sold shares of the company. Kaizen Advisory LLC raised its stake in shares of S&P Global by 143.4% in the 2nd quarter. Kaizen Advisory LLC now owns 606 shares of the business services provider’s stock valued at $124,000 after acquiring an additional 357 shares in the last quarter. Sun Life Financial INC grew its holdings in S&P Global by 209.0% in the 2nd quarter. Sun Life Financial INC now owns 683 shares of the business services provider’s stock valued at $139,000 after buying an additional 462 shares during the last quarter. First Mercantile Trust Co. grew its holdings in S&P Global by 65.0% in the 2nd quarter. First Mercantile Trust Co. now owns 848 shares of the business services provider’s stock valued at $173,000 after buying an additional 334 shares during the last quarter. Clinton Group Inc. acquired a new stake in S&P Global in the 2nd quarter valued at approximately $201,000. Finally, Fiera Capital Corp acquired a new stake in S&P Global in the 2nd quarter valued at approximately $202,000. 84.00% of the stock is owned by institutional investors.

In other news, SVP Nancy Luquette sold 350 shares of the firm’s stock in a transaction dated Wednesday, August 22nd. The stock was sold at an average price of $203.35, for a total transaction of $71,172.50. Following the completion of the sale, the senior vice president now directly owns 531 shares of the company’s stock, valued at approximately $107,978.85. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Douglas L. Peterson sold 4,000 shares of the firm’s stock in a transaction dated Wednesday, August 15th. The stock was sold at an average price of $201.27, for a total value of $805,080.00. The disclosure for this sale can be found here. 0.20% of the stock is owned by company insiders.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 12th. Stockholders of record on Wednesday, November 28th will be paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.13%. The ex-dividend date is Tuesday, November 27th. S&P Global’s dividend payout ratio (DPR) is presently 29.03%.

S&P Global Company Profile

S&P Global Inc provides independent ratings, benchmarks, analytics, and data to the capital and commodity markets worldwide. It operates through three segments: Ratings, Market and Commodities Intelligence, and S&P Dow Jones Indices. The Ratings segment provides credit ratings, research, and analytics to investors, issuers, and other market participants.

Read More: Understanding Price to Earnings Ratio (PE)

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

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