S&P Global (NYSE:SPGI) Releases Earnings Results, Beats Estimates By $0.15 EPS

S&P Global (NYSE:SPGI) posted its earnings results on Thursday. The business services provider reported $2.43 EPS for the quarter, beating the Zacks’ consensus estimate of $2.28 by $0.15, Briefing.com reports. The firm had revenue of $1.70 billion for the quarter, compared to the consensus estimate of $1.65 billion. S&P Global had a net margin of 31.02% and a return on equity of 341.54%. The company’s revenue was up 5.9% on a year-over-year basis. During the same period last year, the firm posted $2.17 EPS. S&P Global updated its FY19 guidance to $9.10-9.25 EPS.

NYSE:SPGI traded down $3.27 during trading hours on Friday, reaching $253.95. 1,335,243 shares of the company’s stock were exchanged, compared to its average volume of 1,033,060. The firm has a market cap of $63.33 billion, a price-to-earnings ratio of 29.88, a price-to-earnings-growth ratio of 2.03 and a beta of 1.08. The firm’s 50-day moving average is $236.15. The company has a quick ratio of 1.20, a current ratio of 1.37 and a debt-to-equity ratio of 7.52. S&P Global has a 1-year low of $156.68 and a 1-year high of $262.83.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 11th. Investors of record on Tuesday, August 27th will be paid a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a yield of 0.90%. The ex-dividend date of this dividend is Monday, August 26th. S&P Global’s dividend payout ratio is currently 26.82%.

SPGI has been the topic of a number of recent analyst reports. Zacks Investment Research raised shares of S&P Global from a “sell” rating to a “hold” rating in a research report on Monday, May 6th. Cantor Fitzgerald increased their target price on shares of S&P Global from $244.00 to $294.00 and gave the company an “overweight” rating in a research report on Friday. Stifel Nicolaus increased their target price on shares of S&P Global from $231.00 to $274.00 and gave the company a “hold” rating in a research report on Friday. BMO Capital Markets increased their target price on shares of S&P Global to $255.00 and gave the company a “market perform” rating in a research report on Friday. Finally, Raymond James increased their target price on shares of S&P Global from $246.00 to $272.00 and gave the company an “outperform” rating in a research report on Friday. Five analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $244.92.

In other news, CEO Alexander Matturri, Jr. sold 1,007 shares of the firm’s stock in a transaction on Tuesday, July 9th. The shares were sold at an average price of $230.44, for a total value of $232,053.08. Following the completion of the sale, the chief executive officer now owns 18,723 shares in the company, valued at approximately $4,314,528.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Nancy Luquette sold 2,200 shares of the firm’s stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $216.85, for a total transaction of $477,070.00. Following the completion of the sale, the senior vice president now owns 2,340 shares of the company’s stock, valued at approximately $507,429. The disclosure for this sale can be found here. In the last quarter, insiders have sold 21,312 shares of company stock valued at $4,593,028. 0.20% of the stock is owned by company insiders.

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 for S&P Global (NYSE:SPGI)

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