S&P Global (NYSE:SPGI) Releases Earnings Results, Beats Estimates By $0.21 EPS

S&P Global (NYSE:SPGI) issued its quarterly earnings results on Tuesday. The business services provider reported $2.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.64 by $0.21, MarketWatch Earnings reports. The firm had revenue of $1.85 billion for the quarter, compared to analyst estimates of $1.74 billion. S&P Global had a return on equity of 1,072.73% and a net margin of 36.19%. The firm’s quarterly revenue was up 9.3% on a year-over-year basis. During the same period last year, the company earned $2.46 EPS. S&P Global updated its FY 2020
Pre-Market guidance to 11.30-11.45 EPS.

S&P Global stock opened at $326.70 on Thursday. The firm has a market capitalization of $78.73 billion, a P/E ratio of 30.82, a P/E/G ratio of 3.05 and a beta of 0.99. The company has a 50-day simple moving average of $350.45 and a 200-day simple moving average of $333.19. S&P Global has a one year low of $186.05 and a one year high of $379.87. The company has a debt-to-equity ratio of 14.74, a quick ratio of 1.47 and a current ratio of 1.47.

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 10th. Stockholders of record on Wednesday, November 25th will be issued a dividend of $0.67 per share. This represents a $2.68 annualized dividend and a dividend yield of 0.82%. The ex-dividend date is Tuesday, November 24th. S&P Global’s dividend payout ratio (DPR) is 28.12%.

In other S&P Global news, EVP Courtney Geduldig sold 2,580 shares of the company’s stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $352.76, for a total value of $910,120.80. Following the completion of the transaction, the executive vice president now owns 10,040 shares in the company, valued at approximately $3,541,710.40. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 0.20% of the company’s stock.

SPGI has been the subject of several recent research reports. JPMorgan Chase & Co. increased their price target on S&P Global from $325.00 to $390.00 and gave the company an “overweight” rating in a report on Wednesday, July 29th. Oppenheimer started coverage on shares of S&P Global in a research report on Tuesday, July 28th. They set a “buy” rating and a $396.00 target price on the stock. UBS Group raised their price target on shares of S&P Global from $418.00 to $422.00 and gave the company a “buy” rating in a report on Tuesday, October 6th. BMO Capital Markets cut their price objective on shares of S&P Global from $375.00 to $392.00 in a report on Wednesday. Finally, Jefferies Financial Group raised their target price on S&P Global from $339.00 to $400.00 and gave the company a “buy” rating in a research note on Wednesday, July 29th. Three research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $362.92.

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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