S&P Global (NYSE:SPGI – Get Free Report) updated its FY 2024 earnings guidance on Thursday. The company provided earnings per share guidance of 13.850-14.100 for the period, compared to the consensus earnings per share estimate of 14.170. The company issued revenue guidance of $13.2 billion-$13.5 billion, compared to the consensus revenue estimate of $13.5 billion.
Wall Street Analyst Weigh In
A number of research analysts have issued reports on the stock. Barclays boosted their target price on shares of S&P Global from $500.00 to $520.00 and gave the company an overweight rating in a research note on Tuesday, April 2nd. BMO Capital Markets increased their price target on S&P Global from $480.00 to $483.00 and gave the stock an outperform rating in a research note on Monday, April 1st. Erste Group Bank restated a hold rating on shares of S&P Global in a research note on Wednesday, April 3rd. Stifel Nicolaus boosted their price target on shares of S&P Global from $442.00 to $446.00 and gave the stock a buy rating in a research report on Friday, April 26th. Finally, Oppenheimer upped their target price on S&P Global from $480.00 to $482.00 and gave the stock an outperform rating in a research report on Friday, April 26th. Two equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of Moderate Buy and a consensus price target of $467.89.
Check Out Our Latest Stock Analysis on S&P Global
S&P Global Trading Down 0.6 %
S&P Global (NYSE:SPGI – Get Free Report) last issued its quarterly earnings results on Thursday, April 25th. The business services provider reported $4.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.68 by $0.33. The company had revenue of $3.49 billion for the quarter, compared to the consensus estimate of $3.39 billion. S&P Global had a return on equity of 12.20% and a net margin of 22.01%. On average, analysts forecast that S&P Global will post 14.1 earnings per share for the current fiscal year.
S&P Global Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 11th. Shareholders of record on Tuesday, August 27th will be issued a $0.91 dividend. The ex-dividend date is Tuesday, August 27th. This represents a $3.64 annualized dividend and a yield of 0.82%. S&P Global’s dividend payout ratio (DPR) is 40.81%.
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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