S&P Global Inc. (NYSE:SPGI) announced its quarterly earnings data on Thursday, July 27th. The business services provider reported $1.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.57 by $0.15, Bloomberg Earnings reports. The business had revenue of $1.51 billion during the quarter, compared to analysts’ expectations of $1.46 billion. S&P Global had a return on equity of 202.37% and a net margin of 38.78%. The business’s quarterly revenue was up 1.8% compared to the same quarter last year. During the same quarter last year, the business posted $1.44 EPS. S&P Global updated its FY17 guidance to $6.15-6.30 EPS.
Shares of S&P Global (NYSE:SPGI) opened at 152.27 on Thursday. The stock has a market capitalization of $39.13 billion, a P/E ratio of 17.74 and a beta of 1.52. S&P Global has a 52-week low of $107.21 and a 52-week high of $158.35. The firm’s 50-day moving average price is $150.42 and its 200-day moving average price is $138.25.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 12th. Shareholders of record on Monday, August 28th will be given a dividend of $0.41 per share. The ex-dividend date is Thursday, August 24th. This represents a $1.64 dividend on an annualized basis and a yield of 1.08%. S&P Global’s payout ratio is 19.16%.
Several brokerages have recently issued reports on SPGI. BMO Capital Markets lifted their price objective on S&P Global from $152.00 to $161.00 and gave the company a “no rating at time” rating in a research note on Friday, July 14th. Cantor Fitzgerald restated an “overweight” rating and set a $153.00 target price (up previously from $139.00) on shares of S&P Global in a research note on Wednesday, April 26th. Zacks Investment Research cut S&P Global from a “buy” rating to a “hold” rating in a research note on Friday, August 11th. Argus reiterated a “buy” rating and issued a $158.00 price objective (up previously from $150.00) on shares of S&P Global in a research note on Monday, May 29th. Finally, Morgan Stanley reiterated an “equal weight” rating and issued a $146.00 price objective (up previously from $145.00) on shares of S&P Global in a research note on Friday, July 14th. One analyst has rated the stock with a hold rating and ten have given a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $153.73.
In other S&P Global news, Director Marco Alvera bought 400 shares of the company’s stock in a transaction on Tuesday, May 30th. The stock was bought at an average price of $140.09 per share, for a total transaction of $56,036.00. Following the transaction, the director now owns 400 shares of the company’s stock, valued at approximately $56,036. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.20% of the company’s stock.
About S&P Global
S&P Global Inc, formerly McGraw Hill Financial Inc, is a provider of ratings, benchmarks, analytics and data to the capital and commodity markets around the world. The Company operates through three segments: Ratings, which provides credit ratings, research and analytics to investors, issuers and other market participants; Market and Commodities Intelligence, which offers multi-asset-class data, research and analytical capabilities that integrate cross-asset analytics and desktop services, and deliver their customers in the commodity and energy markets access to information, data, analytic services and pricing and benchmarks, and S&P Dow Jones Indices (Indices), which is an index provider that maintains a range of valuation and index benchmarks for investment advisors, wealth managers and institutional investors.
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