Analysts Expect MSCI Inc (NYSE:MSCI) Will Post Quarterly Sales of $311.83 Million
Wall Street analysts predict that MSCI Inc (NYSE:MSCI) will announce $311.83 million in sales for the current fiscal quarter, according to Zacks Investment Research. Four analysts have provided estimates for MSCI’s earnings, with the lowest sales estimate coming in at $307.30 million and the highest estimate coming in at $314.00 million. MSCI posted sales of $290.60 million during the same quarter last year, which suggests a positive year-over-year growth rate of 7.3%. The company is expected to issue its next quarterly earnings results on Thursday, July 27th.
According to Zacks, analysts expect that MSCI will report full-year sales of $311.83 million for the current financial year, with estimates ranging from $1.24 billion to $1.26 billion. For the next financial year, analysts forecast that the company will post sales of $1.34 billion per share, with estimates ranging from $1.33 billion to $1.36 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research analysts that cover MSCI.
MSCI (NYSE:MSCI) last issued its quarterly earnings data on Thursday, May 4th. The technology company reported $0.88 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.85 by $0.03. The company had revenue of $301.21 million for the quarter, compared to the consensus estimate of $303.88 million. MSCI had a net margin of 23.31% and a return on equity of 72.33%. The firm’s revenue for the quarter was up 8.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.68 earnings per share.
MSCI has been the subject of a number of research analyst reports. Zacks Investment Research upgraded MSCI from a “hold” rating to a “buy” rating and set a $107.00 price target for the company in a report on Wednesday, March 15th. Cantor Fitzgerald reiterated a “buy” rating and issued a $100.00 price target on shares of MSCI in a report on Friday, May 5th. Credit Suisse Group lowered their price target on MSCI from $105.00 to $94.00 and set an “outperform” rating for the company in a report on Friday, May 5th. Morgan Stanley boosted their price target on MSCI from $93.00 to $98.00 and gave the company an “equal weight” rating in a report on Monday, May 8th. Finally, BidaskClub downgraded MSCI from a “strong-buy” rating to a “buy” rating in a research note on Thursday, June 22nd. One research analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $96.40.
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In related news, COO Cd Baer Pettit sold 2,083 shares of the company’s stock in a transaction on Monday, June 5th. The stock was sold at an average price of $103.97, for a total transaction of $216,569.51. Following the completion of the transaction, the chief operating officer now directly owns 182,432 shares in the company, valued at approximately $18,967,455.04. The sale was disclosed in a document filed with the SEC, which is available through this link. Over the last 90 days, insiders have sold 6,249 shares of company stock valued at $639,439. 2.26% of the stock is owned by company insiders.
Hedge funds and other institutional investors have recently modified their holdings of the company. Van ECK Associates Corp increased its position in shares of MSCI by 6.8% in the first quarter. Van ECK Associates Corp now owns 1,494 shares of the technology company’s stock worth $145,000 after buying an additional 95 shares during the last quarter. OLD Mutual Customised Solutions Proprietary Ltd. increased its position in shares of 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 shares of 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. Copper Rock Capital Partners LLC increased its position in shares of MSCI by 309.1% in the second quarter. Copper Rock Capital Partners LLC now owns 2,078 shares of the technology company’s stock worth $164,000 after buying an additional 1,570 shares during the last quarter. Finally, Two Sigma Securities LLC bought a new position in shares of MSCI during the first quarter worth approximately $203,000. Hedge funds and other institutional investors own 95.02% of the company’s stock.
MSCI (MSCI) opened at 105.70 on Wednesday. The company has a market cap of $9.56 billion, a P/E ratio of 36.44 and a beta of 1.03. MSCI has a 12 month low of $76.52 and a 12 month high of $109.29. The company’s 50-day moving average is $102.24 and its 200-day moving average is $93.98.
MSCI Company Profile
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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