Equities research analysts predict that MSCI Inc (NYSE:MSCI) will announce $0.89 earnings per share for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for MSCI’s earnings, with estimates ranging from $0.85 to $0.92. MSCI posted earnings of $0.77 per share in the same quarter last year, which indicates a positive year over year growth rate of 15.6%. The business is scheduled to issue its next quarterly earnings report on Thursday, July 27th.
On average, analysts expect that MSCI will report full year earnings of $3.63 per share for the current financial year, with EPS estimates ranging from $3.50 to $3.71. For the next financial year, analysts expect that the business will post earnings of $4.21 per share, with EPS estimates ranging from $3.95 to $4.35. Zacks’ earnings per share calculations are an average based on a survey of sell-side analysts that cover MSCI.
MSCI (NYSE:MSCI) last announced its quarterly earnings results on Thursday, May 4th. The technology company reported $0.88 earnings per share for the quarter, beating analysts’ consensus estimates of $0.85 by $0.03. MSCI had a net margin of 23.31% and a return on equity of 72.33%. The firm had revenue of $301.21 million during the quarter, compared to analysts’ expectations of $303.88 million. During the same period in the previous year, the company earned $0.68 earnings per share. MSCI’s quarterly revenue was up 8.0% compared to the same quarter last year.
A number of research firms have commented on MSCI. Zacks Investment Research downgraded shares of MSCI from a “buy” rating to a “hold” rating in a research note on Saturday, March 11th. Credit Suisse Group reduced their price objective on shares of MSCI from $105.00 to $94.00 and set an “outperform” rating on the stock in a research note on Friday, May 5th. Morgan Stanley increased their price objective on shares of MSCI from $93.00 to $98.00 and gave the company an “equal weight” rating in a research note on Monday, May 8th. Finally, Cantor Fitzgerald reiterated a “buy” rating and set a $100.00 price objective on shares of MSCI in a research note on Monday, May 15th. One analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $95.20.
In other news, COO Cd Baer Pettit sold 2,083 shares of the firm’s stock in a transaction dated Monday, June 5th. The shares were sold at an average price of $103.97, for a total value of $216,569.51. Following the transaction, the chief operating officer now directly owns 182,432 shares in the company, valued at approximately $18,967,455.04. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Over the last 90 days, insiders sold 6,249 shares of company stock worth $627,004. Insiders own 2.26% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Van ECK Associates Corp acquired a new position in MSCI during the fourth quarter worth about $110,000. OLD Mutual Customised Solutions Proprietary Ltd. increased its position in MSCI by 115.0% in the first quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 1,505 shares of the technology company’s stock worth $146,000 after buying an additional 805 shares during the last quarter. Pacer Advisors Inc. increased its position in MSCI by 2.9% in the first quarter. Pacer Advisors Inc. now owns 1,639 shares of the technology company’s stock worth $159,000 after buying an additional 46 shares during the last quarter. Two Sigma Securities LLC acquired a new position in MSCI during the first quarter worth about $203,000. Finally, Gideon Capital Advisors Inc. increased its position in MSCI by 5.9% in the fourth quarter. Gideon Capital Advisors Inc. now owns 2,767 shares of the technology company’s stock worth $218,000 after buying an additional 155 shares during the last quarter. Institutional investors own 98.75% of the company’s stock.
Shares of MSCI (MSCI) traded down 0.07% during midday trading on Wednesday, reaching $105.62. 719,807 shares of the company were exchanged. MSCI has a 52-week low of $71.51 and a 52-week high of $109.29. The company has a market capitalization of $9.55 billion, a PE ratio of 36.41 and a beta of 1.00. The stock’s 50-day moving average price is $101.10 and its 200-day moving average price is $92.41.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 31st. Stockholders of record on Friday, May 19th were given a $0.28 dividend. The ex-dividend date was Wednesday, May 17th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.06%. MSCI’s payout ratio is currently 38.62%.
MSCI Inc offers products and services to support the needs of institutional investors throughout their investment processes. Its segments include Index, Analytics and All Other segment. All Other segment comprises environmental, social and governance (ESG) and Real Estate segments. Its indexes are used in various areas of the investment process, including index-linked product creation and performance benchmarking, as well as portfolio construction and rebalancing, and asset allocation.
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