Advertisement
S&P Global Boosts FY24 Outlook - Update
(RTTNews) - While reporting financial results for the first quarter on Thursday, data giant S&P Global, Inc. (SPGI) raised its earnings, adjusted earnings and revenue growth guidance for the full-year 2024.
For fiscal 2024, the company now projects earnings in a range of $10.80 to $11.05 per share and adjusted earnings in a range of $13.85 to $14.10 per share on revenue growth of 6 to 8 percent.
Previously, the company expected earnings in a range of $10.70 to $10.95 per share and adjusted earnings in a range of $13.75 to $14.00 per share on revenue growth of 5.5 to 7.5 percent.
On average, 21 analysts polled by Thomson Reuters expect the company to report earnings of $14.11 per share on revenue growth of 7.5 percent to $13.43 billion for the year. Analysts' estimates typically exclude special items.
For the full year 2024, the Company expects to return approximately 85% of adjusted free cash flow to shareholders through dividends and share repurchases.
The Board of Directors has also authorized a quarterly cash dividend of $0.91. The Company expects to execute additional share repurchases totaling approximately $1.3 billion through the third quarter of 2024.
For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com
SEC Fines Moody's, S&P, Other Credit Rating Agencies Over Recordkeeping Failures
S&P Global Reiterates FY23 Outlook - Update
FTSE 100 Modestly Higher Ahead Of BoE Policy Announcement
CAC 40 Up More Than 1%
Sensex, Nifty Decline As Tensions Rise With Pakistan
DAX Rises Nearly 300 Points On Results, Trade Deal Hopes
Philippine Economy Expands Less Than Forecast
