SPX Earnings, Metrics, M&A


As the calendar heads toward the end of 2014, let’s take one last look at the most recent S&P 500® Index (SPX) earnings, metrics, and 2014 merger and acquisition activity.

CQ3 2014 SPX Earnings
Source: Bloomberg

SPX Metrics

  • CQ3 Profit Margin 9.57% versus CQ2 9.43%
  • CQ3 Gross Margin 32.42% versus CQ2 32.09%
  • CQ3 EBITDA Margin 19.24% versus CQ2 19.11%
  • CQ3 Operating Margin 14.01% versus CQ2 13.81%
  • CQ3 Earnings $29.37 versus CQ2 $28.86
  • CQ4 Estimated Earnings $30.40
  • CY 2013 SPX earnings per share $106.91
  • CY 2014 SPX current earnings per share $112.82
  • CY 2014 SPX estimated earnings per share $120.09
  • CY 2015 SPX estimated earnings per share $129.85

Mergers & Acquisitions, YTD as of December 4, 2014

  • Global M&A $4.0 trillion +62% year on year
  • North America M&A $2.0 trillion +75% year on year
  • European M&A $1.1 trillion +64% year on year
  • Asia Pacific M&A $708 billion +39% year on year
  • Latin America M&A $152 billion +43% year on year

Past performance is not a guarantee of future results.

Virtus Investment Partners provides this communication as a matter of general information. The opinions stated herein are those of the author and not necessarily the opinions of Virtus, its affiliates or its subadvisers. Portfolio managers at Virtus make investment decisions in accordance with specific client guidelines and restrictions. As a result, client accounts may differ in strategy and composition from the information presented herein. Any facts and statistics quoted are from sources believed to be reliable, but they may be incomplete or condensed and we do not guarantee their accuracy. This communication is not an offer or solicitation to purchase or sell any security, and it is not a research report. Individuals should consult with a qualified financial professional before making any investment decisions.