Financials

S&P Global Q3 Adj EPS $3.21 Beats $3.05 Estimate, Sales $3.08B Beat $3.02B Estimate

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S&P Global (NYSE:SPGI) reported quarterly adj earnings of $3.21 per share which beat the analyst consensus estimate of $3.05 by 5.25 percent. This is a 9.56 percent increase over earnings of $2.93 per share from the same period last year. The company reported quarterly sales of $3.08 billion which beat the analyst consensus estimate of $3.02 billion by 2.12 percent. This is a 7.79 percent increase over sales of $2.86 billion the same period last year.

S&P Global Q3 Adj EPS $3.21 Beats $3.05 Estimate, Sales $3.08B Beat $3.02B Estimate Read Post »

S&P Global Global Posts Higher Revenue

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S&P Global posted higher sales and earnings for the third quarter, lifted by strength across the data-and-analytics company. The New York-based credit-ratings and data provider reported a profit of $742 million, or $2.33 a share, up from $608 million, or $1.84 a share, in the same quarter a year ago. Stripping out one-time items, adjusted earnings were $3.21 a share. Analysts surveyed by FactSet expected adjusted earnings of $3.04 a share. Sales rose 8% to $3.08 billion. Analysts surveyed by FactSet expected $3.03 billion. Sales rose across all of the company’s businesses, excluding its engineering-solutions business, which it has agreed to sell for $975 million to private-equity buyers. S&P Global’s ratings business recorded a 20% rise in sales and its market-intelligence unit posted an 8% increase in sales.

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MSCI Reports Financial Results for Third Quarter and Nine Months 2023

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MSCI Reports Financial Results for Third Quarter and Nine Months 2023 NEW YORK—-October 31, 2023– MSCI Inc. (“MSCI” or the “Company”) (NYSE: MSCI), a leading provider of critical decision support tools and services for the global investment community, today announced its financial results for the three months ended September 30, 2023 (“third quarter 2023”) and nine months ended September 30, 2023 (“nine months 2023”). Financial and Operational Highlights for Third Quarter 2023 (Note: Unless otherwise noted, percentage and other changes are relative to the three months ended September 30, 2022 (“third quarter 2022”) and Run Rate percentage changes are relative to September 30, 2022). — Operating revenues of $625.4 million, up 11.6%; Organic operating revenue growth of 10.9% — Recurring subscription revenues up 10.7%; Asset-based fees up 12.3% — Operating margin of 56.5%; Adjusted EBITDA margin of 61.8% — Diluted EPS of $3.27, up 22.0%; Adjusted EPS of $3.45, up

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CFRA Keeps Hold Opinion On Shares Of Franklin Resources, Inc.

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CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows: We cut our 12-month target price by $8 to $24, valuing BEN shares at 9.1x our FY 2025 (Sep.) EPS estimate of $2.65 (cut today by $0.20) and at 10x our FY 2024 EPS estimate of $2.40 (cut by $0.25), vs. the shares’ three-year average forward multiple of 9.4x and a peer average of 14.1x. BEN posted Sep-Q EPS of $0.84 vs. $0.63, topping our $0.72 EPS estimate and the $0.59 consensus view. FY 2023 EPS of $2.60 (vs. $3.63) also topped our $2.43 EPS estimate and the $2.35 consensus EPS view. FY 2023 operating revenues fell 5%, in line with our forecast, though margins contracted more than we expected to 14% from 21.4% (adjusted 29.9% vs. 35.9%). AUM of $1.37 trillion rose by 6%, and long-term

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Piper Sandler’s Q3 Adjusted Earnings, Revenue Decline

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Piper Sandler (PIPR) reported Q3 adjusted earnings Friday of $1.76 per diluted share, down from $2.32 a year earlier. Four analysts polled by Capital IQ expected $1.58. Total revenue for the quarter ended Sept. 30 was $292 million, down from $334.4 million a year earlier. Four analysts surveyed by Capital IQ expected $298.8 million. The investment firm said it has retained its quarterly dividend at $0.60, payable Dec. 8 to shareholders of record on Nov. 21.

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CFRA Keeps Buy Opinion On Shares Of Moody’s Corporation

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CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows: We decrease our 12-month target price by $40 to $400 on a forward P/E of 34.7x our 2024 earnings estimate, a premium to MCO’s three- and 10-year forward historical averages of 30.5x and 25.6x, respectively, given expectations for a strong rebound in debt issuance and margin expansion. We lower our 2023 EPS estimate by $0.12 to $10.15 and increase 2024’s by $0.11 to $11.53. MCO posted Q3 adjusted EPS of $2.43 versus $1.85, $0.15 higher than consensus on revenue that beat expectations by 1%. MCO’s analytics segment (MA) saw revenue growth accelerate to 13%, given strong traction in the KYC business. Encouragingly, the growth has not come at the cost of efficiency and the segment saw its adjusted operating margin surge 330 bps to 33.6%. The ratings

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Raymond James Financial’s Fiscal Q4 Adjusted Earnings, Revenue Advance

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Raymond James Financial (RJF) reported fiscal Q4 adjusted earnings late Wednesday of $2.13 per diluted share, up from $2.08 a year earlier. Analysts surveyed by Capital IQ expected $2.28. Revenue for the quarter ended Sept. 30 was $3.05 billion, up from $2.83 billion a year earlier. Analysts polled by Capital IQ expected $3 billion.

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