S&P Global (NYSE:SPGI) Releases FY 2022 Earnings Guidance

S&P Global (NYSE:SPGIGet Rating) updated its FY 2022 earnings guidance on Tuesday. The company provided EPS guidance of $11.35-$11.55 for the period, compared to the consensus EPS estimate of $12.24. The company issued revenue guidance of -. S&P Global also updated its FY22 guidance to $11.35-11.55 EPS.

Analysts Set New Price Targets

Several brokerages have issued reports on SPGI. Deutsche Bank Aktiengesellschaft lowered their price target on shares of S&P Global from $483.00 to $418.00 in a research note on Thursday, June 2nd. UBS Group lowered their price target on shares of S&P Global from $441.00 to $407.00 and set a buy rating on the stock in a research note on Monday, June 6th. Redburn Partners began coverage on shares of S&P Global in a research note on Tuesday, May 17th. They issued a buy rating on the stock. Raymond James lowered their price target on shares of S&P Global from $462.00 to $417.00 and set an outperform rating on the stock in a research note on Tuesday, July 12th. Finally, Morgan Stanley lowered their price target on shares of S&P Global from $398.00 to $390.00 and set an overweight rating on the stock in a research note on Wednesday. Two equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and a consensus target price of $422.00.

S&P Global Stock Performance

Shares of SPGI stock traded down $1.25 during midday trading on Friday, hitting $376.65. 976,852 shares of the company were exchanged, compared to its average volume of 2,379,472. The firm has a market capitalization of $128.00 billion, a P/E ratio of 28.16, a PEG ratio of 2.67 and a beta of 1.04. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.38 and a current ratio of 1.26. The firm’s 50 day moving average price is $345.46 and its two-hundred day moving average price is $372.64. S&P Global has a 52 week low of $311.87 and a 52 week high of $484.21.

S&P Global (NYSE:SPGIGet Rating) last announced its earnings results on Tuesday, August 2nd. The business services provider reported $2.81 EPS for the quarter, missing the consensus estimate of $2.93 by ($0.12). The company had revenue of $2.99 billion for the quarter, compared to the consensus estimate of $3 billion. S&P Global had a return on equity of 17.22% and a net margin of 38.49%. The business’s quarterly revenue was up 42.1% on a year-over-year basis. During the same period in the previous year, the firm posted $3.62 EPS. As a group, equities research analysts anticipate that S&P Global will post 11.5 earnings per share for the current year.

S&P Global Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 12th. Investors of record on Friday, August 26th will be issued a dividend of $0.85 per share. This represents a $3.40 annualized dividend and a dividend yield of 0.90%. The ex-dividend date of this dividend is Thursday, August 25th. S&P Global’s payout ratio is 25.34%.

Insider Buying and Selling

In related news, EVP Nancy Luquette sold 2,287 shares of S&P Global stock in a transaction dated Friday, May 13th. The shares were sold at an average price of $333.74, for a total transaction of $763,263.38. Following the completion of the sale, the executive vice president now owns 5,667 shares of the company’s stock, valued at approximately $1,891,304.58. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other S&P Global news, EVP Dimitra Manis sold 2,000 shares of the business’s stock in a transaction dated Monday, May 16th. The shares were sold at an average price of $336.53, for a total value of $673,060.00. Following the completion of the sale, the executive vice president now owns 4,839 shares of the company’s stock, valued at approximately $1,628,468.67. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Nancy Luquette sold 2,287 shares of the business’s stock in a transaction dated Friday, May 13th. The shares were sold at an average price of $333.74, for a total transaction of $763,263.38. Following the completion of the sale, the executive vice president now directly owns 5,667 shares of the company’s stock, valued at approximately $1,891,304.58. The disclosure for this sale can be found here. In the last 90 days, insiders sold 7,487 shares of company stock valued at $2,612,291. Company insiders own 0.10% of the company’s stock.

Institutional Trading of S&P Global

A number of institutional investors have recently bought and sold shares of the business. BCK Partners Inc. bought a new stake in shares of S&P Global during the 1st quarter worth approximately $1,969,000. Markel Corp lifted its holdings in shares of S&P Global by 0.8% during the 1st quarter. Markel Corp now owns 149,790 shares of the business services provider’s stock worth $61,441,000 after acquiring an additional 1,250 shares during the period. Synovus Financial Corp lifted its holdings in shares of S&P Global by 1.6% during the 1st quarter. Synovus Financial Corp now owns 2,239 shares of the business services provider’s stock worth $919,000 after acquiring an additional 36 shares during the period. Sequoia Financial Advisors LLC lifted its holdings in shares of S&P Global by 115.4% during the 1st quarter. Sequoia Financial Advisors LLC now owns 2,154 shares of the business services provider’s stock worth $883,000 after acquiring an additional 1,154 shares during the period. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management increased its position in S&P Global by 12.4% during the 1st quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 736 shares of the business services provider’s stock worth $302,000 after purchasing an additional 81 shares in the last quarter. Institutional investors own 94.26% of the company’s stock.

S&P Global Company Profile

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S&P Global Inc, together with its subsidiaries, provides credit ratings, benchmarks, analytics, and workflow solutions in the global capital, commodity, and automotive markets. It operates in six divisions: S&P Global Ratings, S&P Dow Jones Indices, S&P Global Commodity Insights, S&P Global Market Intelligence, S&P Global Mobility, and S&P Global Engineering Solutions.

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

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