S&P Global (NYSE:SPGI – Get Free Report) issued an update on its FY24 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $13.85-14.10 for the period, compared to the consensus estimate of $14.10. The company issued revenue guidance of ~$13.25-13.50 billion, compared to the consensus revenue estimate of $13.43 billion. S&P Global also updated its FY 2024 guidance to 13.850-14.100 EPS.
S&P Global Price Performance
Shares of SPGI opened at $413.28 on Thursday. S&P Global has a fifty-two week low of $338.92 and a fifty-two week high of $461.16. 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 firm has a 50-day simple moving average of $424.13 and a 200-day simple moving average of $417.08. 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 earnings results on Thursday, February 8th. The business services provider reported $3.13 earnings per share for the quarter, missing the consensus estimate of $3.15 by ($0.02). The business had revenue of $3.15 billion for the quarter, compared to analyst estimates of $3.13 billion. S&P Global had a return on equity of 11.34% and a net margin of 21.02%. S&P Global’s quarterly revenue was up 7.3% on a year-over-year basis. During the same quarter last year, the company posted $2.54 EPS. On average, equities research analysts anticipate that S&P Global will post 14.11 earnings per share for the current year.
Analysts Set New Price Targets
Get Our Latest Stock Analysis on SPGI
Insider Transactions at S&P Global
In other 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 completion of the transaction, the chief executive officer now directly owns 162,530 shares of the company’s stock, valued at approximately $69,032,992.20. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 0.10% of the company’s stock.
About S&P Global
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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