S&P Global (NYSE:SPGI) Releases Quarterly Earnings Results, Beats Expectations By $0.36 EPS

S&P Global (NYSE:SPGI) released its quarterly earnings data on Tuesday. The business services provider reported $3.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.41 by $0.36, Zacks reports. S&P Global had a return on equity of 13.72% and a net margin of 25.80%. During the same quarter in the previous year, the business earned $3.13 earnings per share. S&P Global updated its FY 2025 guidance to 17.000-17.250 EPS.

S&P Global Trading Up 4.9 %

Shares of S&P Global stock opened at $540.80 on Wednesday. S&P Global has a 1 year low of $407.69 and a 1 year high of $542.00. The company’s fifty day simple moving average is $506.13 and its 200-day simple moving average is $506.36. The company has a market cap of $167.81 billion, a price-to-earnings ratio of 47.73, a PEG ratio of 2.39 and a beta of 1.20. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.33.

S&P Global Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 12th. Shareholders of record on Wednesday, February 26th will be given a $0.96 dividend. This is an increase from S&P Global’s previous quarterly dividend of $0.91. This represents a $3.84 annualized dividend and a yield of 0.71%. The ex-dividend date of this dividend is Wednesday, February 26th. S&P Global’s payout ratio is currently 32.13%.

Wall Street Analysts Forecast Growth

SPGI has been the subject of several research reports. BMO Capital Markets lifted their price target on S&P Global from $564.00 to $576.00 and gave the company an “outperform” rating in a report on Tuesday, January 21st. Robert W. Baird boosted their target price on shares of S&P Global from $536.00 to $575.00 and gave the stock an “outperform” rating in a research report on Friday, October 25th. Wells Fargo & Company dropped their price target on shares of S&P Global from $620.00 to $617.00 and set an “overweight” rating on the stock in a research note on Friday, January 10th. Morgan Stanley lifted their price objective on shares of S&P Global from $570.00 to $595.00 and gave the company an “overweight” rating in a research note on Thursday, December 12th. Finally, JPMorgan Chase & Co. lowered their target price on shares of S&P Global from $600.00 to $585.00 and set an “overweight” rating on the stock in a research report on Friday, October 25th. Two equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $584.54.

About S&P Global

S&P Global, Inc engages in the provision of transparent and independent ratings, benchmarks, analytics, and data to the capital and commodity markets worldwide. It operates through the following segments: Market Intelligence, Ratings, Commodity Insights, Mobility, Indices, and Engineering Solutions.