S&P Global (SPGI) Projected to Post Quarterly Earnings on Tuesday

S&P Global (NYSE:SPGI) is anticipated to post its quarterly earnings results before the market opens on Tuesday, February 11th. Analysts expect S&P Global to post earnings of $3.41 per share and revenue of $3.48 billion for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.

S&P Global Stock Performance

Shares of NYSE:SPGI opened at $518.53 on Tuesday. The business’s 50-day simple moving average is $506.40 and its 200 day simple moving average is $504.70. The company has a market cap of $160.90 billion, a P/E ratio of 45.77, a PEG ratio of 2.40 and a beta of 1.20. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.94 and a current ratio of 0.94. S&P Global has a one year low of $407.69 and a one year high of $533.29.

S&P Global Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 12th. Stockholders of record on Wednesday, February 26th will be paid a dividend of $0.96 per share. The ex-dividend date is Wednesday, February 26th. This represents a $3.84 dividend on an annualized basis and a dividend yield of 0.74%. This is a positive change from S&P Global’s previous quarterly dividend of $0.91. S&P Global’s dividend payout ratio (DPR) is currently 32.13%.

Analyst Ratings Changes

SPGI has been the subject of a number of recent analyst reports. Morgan Stanley raised their price target on shares of S&P Global from $570.00 to $595.00 and gave the company an “overweight” rating in a report on Thursday, December 12th. Citigroup began coverage on S&P Global in a research report on Friday, December 20th. They set a “buy” rating and a $600.00 target price on the stock. BMO Capital Markets increased their price target on S&P Global from $564.00 to $576.00 and gave the company an “outperform” rating in a report on Tuesday, January 21st. JPMorgan Chase & Co. dropped their price objective on S&P Global from $600.00 to $585.00 and set an “overweight” rating on the stock in a report on Friday, October 25th. Finally, Wells Fargo & Company cut their target price on S&P Global from $620.00 to $617.00 and set an “overweight” rating on the stock in a research report on Friday, January 10th. Two investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, S&P Global has a consensus rating of “Moderate Buy” and a consensus price target of $584.54.

About S&P Global

S&P Global, Inc engages in the provision of transparent and independent ratings, benchmarks, analytics, and data to the capital and commodity markets worldwide. It operates through the following segments: Market Intelligence, Ratings, Commodity Insights, Mobility, Indices, and Engineering Solutions.