FY2024 EPS Estimates for S&P Global Raised by William Blair

S&P Global Inc. (NYSE:SPGI) – Stock analysts at William Blair boosted their FY2024 earnings per share (EPS) estimates for shares of S&P Global in a report released on Tuesday, January 21st. William Blair analyst A. Nicholas now expects that the business services provider will post earnings per share of $15.39 for the year, up from their prior forecast of $15.23. The consensus estimate for S&P Global’s current full-year earnings is $15.30 per share. William Blair also issued estimates for S&P Global’s Q4 2024 earnings at $3.46 EPS, FY2025 earnings at $17.05 EPS and FY2026 earnings at $19.11 EPS.

S&P Global (NYSE:SPGI) last issued its quarterly earnings results on Thursday, October 24th. The business services provider reported $3.89 earnings per share for the quarter, topping the consensus estimate of $3.64 by $0.25. S&P Global had a return on equity of 13.72% and a net margin of 25.80%. The business had revenue of $3.58 billion during the quarter, compared to the consensus estimate of $3.43 billion. During the same quarter last year, the company earned $3.21 earnings per share. The company’s quarterly revenue was up 15.9% on a year-over-year basis.

Other equities research analysts also recently issued reports about the stock. Citigroup started coverage on shares of S&P Global in a research note on Friday, December 20th. They set a “buy” rating and a $600.00 price objective for the company. Wells Fargo & Company dropped their price target on 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. UBS Group lifted their target price on S&P Global from $605.00 to $610.00 and gave the stock a “buy” rating in a report on Friday, October 25th. BMO Capital Markets increased their price target on shares of S&P Global from $564.00 to $576.00 and gave the stock an “outperform” rating in a report on Tuesday. Finally, 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. Two analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $584.54.

S&P Global Stock Up 1.6 %

NYSE:SPGI opened at $509.79 on Wednesday. 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 has a twelve month low of $407.69 and a twelve month high of $533.29. The company has a market cap of $158.19 billion, a PE ratio of 45.00, a P/E/G ratio of 2.30 and a beta of 1.20. The company’s 50 day moving average is $504.64 and its two-hundred day moving average is $501.86.

Hedge Funds Weigh In On S&P Global

A number of hedge funds have recently bought and sold shares of the business. Nordea Investment Management AB raised its stake in shares of S&P Global by 52.0% during the 4th quarter. Nordea Investment Management AB now owns 658,766 shares of the business services provider’s stock worth $328,632,000 after buying an additional 225,370 shares during the period. GDS Wealth Management raised its position in S&P Global by 7.0% during the third quarter. GDS Wealth Management now owns 27,358 shares of the business services provider’s stock worth $14,134,000 after acquiring an additional 1,801 shares during the period. Sanctuary Advisors LLC lifted its holdings in S&P Global by 12.6% during the third quarter. Sanctuary Advisors LLC now owns 27,598 shares of the business services provider’s stock valued at $14,198,000 after purchasing an additional 3,093 shares in the last quarter. Oddo BHF Asset Management Sas acquired a new stake in shares of S&P Global in the third quarter valued at about $27,170,000. Finally, Eastern Bank increased its stake in shares of S&P Global by 3.1% during the fourth quarter. Eastern Bank now owns 50,157 shares of the business services provider’s stock worth $24,980,000 after purchasing an additional 1,530 shares in the last quarter. Hedge funds and other institutional investors own 87.17% of the company’s stock.

S&P Global Company Profile

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.