S&P Global (NYSE:SPGI – Get Free Report) updated its FY24 earnings guidance on Thursday. 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
NYSE:SPGI traded up $0.23 during midday trading on Friday, hitting $415.73. The company had a trading volume of 1,611,144 shares, compared to its average volume of 1,361,431. The stock’s fifty day moving average price is $423.95 and its 200-day moving average price is $417.07. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.33. S&P Global has a 52-week low of $340.49 and a 52-week high of $461.16. The company has a market capitalization of $133.14 billion, a PE ratio of 50.64, a P/E/G ratio of 2.32 and a beta of 1.15.
S&P Global (NYSE:SPGI – Get Free Report) last issued its quarterly earnings data on Thursday, April 25th. The business services provider reported $4.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.68 by $0.33. The business had revenue of $3.49 billion for the quarter, compared to the consensus estimate of $3.39 billion. S&P Global had a net margin of 21.02% and a return on equity of 11.34%. As a group, research analysts expect that S&P Global will post 14.11 earnings per share for the current year.
Wall Street Analysts Forecast Growth
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Insider Buying and Selling
In other S&P Global news, CEO Douglas L. Peterson sold 6,000 shares of S&P Global stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $424.74, for a total transaction of $2,548,440.00. Following the completion of the sale, 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. 0.10% of the stock is owned by insiders.
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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