Zacks: Analysts Expect MSCI Inc (MSCI) Will Announce Earnings of $0.96 Per Share
Brokerages expect MSCI Inc (NYSE:MSCI) to post earnings of $0.96 per share for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for MSCI’s earnings. The lowest EPS estimate is $0.88 and the highest is $1.00. MSCI posted earnings per share of $0.77 during the same quarter last year, which would suggest a positive year over year growth rate of 24.7%. The business is scheduled to announce its next earnings report on Thursday, October 26th.
According to Zacks, analysts expect that MSCI will report full year earnings of $3.79 per share for the current fiscal year, with EPS estimates ranging from $3.63 to $3.86. For the next fiscal year, analysts expect that the company will report earnings of $4.45 per share, with EPS estimates ranging from $4.19 to $4.58. Zacks’ earnings per share averages are a mean average based on a survey of research analysts that cover MSCI.
MSCI (NYSE:MSCI) last released its quarterly earnings results on Thursday, August 3rd. The technology company reported $0.95 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.90 by $0.05. The company had revenue of $316.08 million for the quarter, compared to analyst estimates of $314.03 million. MSCI had a net margin of 24.01% and a return on equity of 87.11%. The firm’s revenue was up 8.8% on a year-over-year basis. During the same quarter last year, the business earned $0.77 earnings per share.
A number of research firms have recently weighed in on MSCI. BidaskClub cut shares of MSCI from a “strong-buy” rating to a “buy” rating in a research note on Thursday, June 22nd. Zacks Investment Research raised shares of MSCI from a “hold” rating to a “buy” rating and set a $115.00 price target on the stock in a research note on Thursday, July 6th. UBS AG upped their price target on shares of MSCI from $115.00 to $125.00 and gave the stock a “buy” rating in a research note on Friday, August 4th. Morgan Stanley reaffirmed an “equal weight” rating and set a $97.00 price target (down from $98.00) on shares of MSCI in a research note on Tuesday, July 18th. Finally, Barclays PLC began coverage on shares of MSCI in a research note on Tuesday, July 18th. They set an “equal weight” rating and a $110.00 price target on the stock. One analyst has rated the stock with a sell rating, two have assigned a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $106.29.
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In related news, COO Cd Baer Pettit sold 2,083 shares of the stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $111.16, for a total value of $231,546.28. Following the sale, the chief operating officer now directly owns 178,266 shares of the company’s stock, valued at approximately $19,816,048.56. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Over the last three months, insiders sold 6,249 shares of company stock worth $686,890. 2.26% of the stock is owned by corporate insiders.
Large investors have recently added to or reduced their stakes in the business. Penserra Capital Management LLC purchased a new position in MSCI in the 2nd quarter valued at about $101,000. Toronto Dominion Bank lifted its holdings in MSCI by 13.7% in the 2nd quarter. Toronto Dominion Bank now owns 1,113 shares of the technology company’s stock valued at $115,000 after purchasing an additional 134 shares in the last quarter. Van ECK Associates Corp lifted its holdings in MSCI by 6.8% in the 1st quarter. Van ECK Associates Corp now owns 1,494 shares of the technology company’s stock valued at $145,000 after purchasing an additional 95 shares in the last quarter. OLD Mutual Customised Solutions Proprietary Ltd. lifted its holdings in MSCI by 115.0% in the 1st quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 1,505 shares of the technology company’s stock valued at $146,000 after purchasing an additional 805 shares in the last quarter. Finally, Pacer Advisors Inc. lifted its holdings in MSCI by 2.9% in the 1st quarter. Pacer Advisors Inc. now owns 1,639 shares of the technology company’s stock valued at $159,000 after purchasing an additional 46 shares in the last quarter. Institutional investors own 94.46% of the company’s stock.
MSCI (NYSE:MSCI) traded up 1.72% during mid-day trading on Thursday, reaching $114.02. 337,334 shares of the company traded hands. MSCI has a 52 week low of $76.52 and a 52 week high of $115.77. The firm has a market capitalization of $10.27 billion, a price-to-earnings ratio of 36.92 and a beta of 1.03. The stock’s 50 day moving average price is $110.85 and its 200 day moving average price is $102.58.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 31st. Investors of record on Friday, August 18th were paid a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 1.33%. This is a boost from MSCI’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend was Wednesday, August 16th. MSCI’s dividend payout ratio is presently 49.03%.
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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