S&P Global (NYSE:SPGI – Get Free Report) issued an update on its FY 2024 earnings guidance on Thursday morning. The company provided EPS guidance of 13.850-14.100 for the period, compared to the consensus EPS estimate of 14.110. The company issued revenue guidance of $13.2 billion-$13.5 billion, compared to the consensus revenue estimate of $13.4 billion.
S&P Global Stock Performance
Shares of SPGI stock opened at $413.28 on Thursday. S&P Global has a one year low of $338.92 and a one year high of $461.16. The company’s 50-day moving average is $424.13 and its 200 day moving average is $417.08. The company has a market capitalization of $132.36 billion, a price-to-earnings ratio of 50.22, a price-to-earnings-growth ratio of 2.32 and a beta of 1.15. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.84 and a current ratio of 0.84.
S&P Global (NYSE:SPGI – Get Free Report) last announced its quarterly earnings results on Thursday, February 8th. The business services provider reported $3.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.15 by ($0.02). The company had revenue of $3.15 billion for the quarter, compared to analysts’ expectations of $3.13 billion. S&P Global had a net margin of 21.02% and a return on equity of 11.34%. The business’s revenue was up 7.3% compared to the same quarter last year. During the same period in the previous year, the business earned $2.54 EPS. Sell-side analysts expect that S&P Global will post 14.11 EPS for the current fiscal year.
Wall Street Analyst Weigh In
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Insiders Place Their Bets
In other S&P Global news, CEO Douglas L. Peterson sold 6,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $424.74, for a total transaction of $2,548,440.00. Following the sale, the chief executive officer now owns 162,530 shares in the company, valued at approximately $69,032,992.20. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.10% of the stock is owned by company insiders.
S&P Global Company Profile
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 through S&P Global Market Intelligence, S&P Global Ratings, S&P Global Commodity Insights, S&P Global Mobility, S&P Dow Jones Indices, and S&P Global Engineering Solutions segments.
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