S&P Global Inc. (NYSE:SPGI) updated its FY17 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $6.15-6.30 for the period, compared to the Thomson Reuters consensus estimate of $6.21.
Several brokerages have issued reports on SPGI. UBS AG boosted their price target on S&P Global from $154.00 to $175.00 and gave the company a buy rating in a research note on Friday. Morgan Stanley reissued an equal weight rating and issued a $146.00 price target (up from $145.00) on shares of S&P Global in a research note on Friday, July 14th. BMO Capital Markets boosted their price target on S&P Global from $152.00 to $161.00 and gave the company a no rating at time rating in a research note on Friday, July 14th. Zacks Investment Research raised S&P Global from a hold rating to a buy rating and set a $167.00 price target on the stock in a research note on Monday, July 17th. Finally, Barclays PLC boosted their price target on S&P Global from $150.00 to $155.00 and gave the company an overweight rating in a research note on Wednesday, June 28th. One research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the stock. The company currently has an average rating of Buy and a consensus target price of $153.55.
Shares of S&P Global Inc. (SPGI) traded up 0.22% during trading on Friday, reaching $153.78. The company’s stock had a trading volume of 593,945 shares. The stock’s 50 day moving average price is $148.64 and its 200-day moving average price is $134.63. S&P Global Inc. has a 52-week low of $107.21 and a 52-week high of $158.35. The stock has a market cap of $39.64 billion, a price-to-earnings ratio of 18.34 and a beta of 1.52.
S&P Global (NYSE:SPGI) last released its quarterly earnings data on Thursday, July 27th. The business services provider reported $1.72 earnings per share for the quarter, topping the consensus estimate of $1.57 by $0.15. S&P Global had a return on equity of 245.38% and a net margin of 38.30%. The business had revenue of $1.51 billion during the quarter, compared to analysts’ expectations of $1.46 billion. During the same quarter last year, the business posted $1.44 EPS. The business’s revenue was up 1.8% on a year-over-year basis. Equities analysts anticipate that S&P Global Inc. will post $6.25 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 12th. Shareholders of record on Monday, August 28th will be issued a $0.41 dividend. This represents a $1.64 annualized dividend and a yield of 1.07%. The ex-dividend date is Thursday, August 24th. S&P Global’s dividend payout ratio (DPR) is currently 19.57%.
In other S&P Global news, Director Marco Alvera acquired 400 shares of the company’s stock in a transaction on Tuesday, May 30th. The stock was acquired at an average price of $140.09 per share, for a total transaction of $56,036.00. Following the acquisition, the director now owns 400 shares in the company, valued at approximately $56,036. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.20% of the company’s stock.
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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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