Q3 2020 EPS Estimates for S&P Global Inc Decreased by Analyst (SPGI)

S&P Global Inc (NYSE:SPGI) – Analysts at Piper Jaffray Companies lowered their Q3 2020 EPS estimates for shares of S&P Global in a research report issued to clients and investors on Thursday, February 7th. Piper Jaffray Companies analyst P. Appert now forecasts that the business services provider will post earnings of $2.13 per share for the quarter, down from their prior estimate of $2.63.

Several other equities analysts also recently commented on SPGI. Wells Fargo & Co decreased their target price on S&P Global from $205.00 to $180.00 and set a “market perform” rating on the stock in a research report on Friday, October 26th. BMO Capital Markets decreased their target price on S&P Global from $197.00 to $185.00 and set a “market perform” rating on the stock in a research report on Friday, October 26th. Raymond James decreased their target price on S&P Global from $222.00 to $215.00 and set an “outperform” rating on the stock in a research report on Friday, October 26th. Morgan Stanley set a $202.00 target price on S&P Global and gave the company a “hold” rating in a research report on Friday, October 26th. Finally, Goldman Sachs Group initiated coverage on S&P Global in a research report on Wednesday, November 14th. They issued a “buy” rating and a $225.00 target price on the stock. Six equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $207.75.

S&P Global stock opened at $195.25 on Monday. S&P Global has a 12 month low of $156.68 and a 12 month high of $217.31. The company has a debt-to-equity ratio of 5.35, a quick ratio of 1.44 and a current ratio of 1.37. The company has a market capitalization of $49.11 billion, a PE ratio of 22.97, a PEG ratio of 1.55 and a beta of 1.15.

S&P Global (NYSE:SPGI) last posted its earnings results on Thursday, February 7th. The business services provider reported $2.22 EPS for the quarter, beating the consensus estimate of $2.20 by $0.02. S&P Global had a return on equity of 367.09% and a net margin of 31.30%. The company had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $1.60 billion. During the same quarter in the prior year, the business earned $1.85 earnings per share. The firm’s revenue for the quarter was down 3.3% on a year-over-year basis.

A number of large investors have recently modified their holdings of SPGI. FMR LLC grew its position in S&P Global by 6.4% during the second quarter. FMR LLC now owns 10,698,339 shares of the business services provider’s stock worth $2,181,285,000 after buying an additional 642,229 shares in the last quarter. Advisors Asset Management Inc. grew its position in S&P Global by 21.9% during the second quarter. Advisors Asset Management Inc. now owns 38,413 shares of the business services provider’s stock worth $7,832,000 after buying an additional 6,902 shares in the last quarter. Milestone Resources Group Ltd grew its position in S&P Global by 2.1% during the third quarter. Milestone Resources Group Ltd now owns 473,428 shares of the business services provider’s stock worth $92,503,000 after buying an additional 9,626 shares in the last quarter. Krueger & Catalano Capital Partners LLC grew its position in S&P Global by 32.2% during the third quarter. Krueger & Catalano Capital Partners LLC now owns 1,481 shares of the business services provider’s stock worth $289,000 after buying an additional 361 shares in the last quarter. Finally, State of New Jersey Common Pension Fund D grew its position in S&P Global by 13.2% during the third quarter. State of New Jersey Common Pension Fund D now owns 43,000 shares of the business services provider’s stock worth $8,402,000 after buying an additional 5,000 shares in the last quarter. 84.66% of the stock is currently owned by institutional investors and hedge funds.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 12th. Investors of record on Tuesday, February 26th will be given a dividend of $0.57 per share. The ex-dividend date is Monday, February 25th. This represents a $2.28 dividend on an annualized basis and a yield of 1.17%. This is an increase from S&P Global’s previous quarterly dividend of $0.50. S&P Global’s dividend payout ratio is currently 23.53%.

About S&P Global

S&P Global Inc provides independent ratings, benchmarks, analytics, and data to the capital and commodity markets worldwide. It operates through three segments: Ratings, Market and Commodities Intelligence, and S&P Dow Jones Indices. The Ratings segment provides credit ratings, research, and analytics to investors, issuers, and other market participants.

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Earnings History and Estimates for S&P Global (NYSE:SPGI)

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