MSCI Inc (MSCI) Scheduled to Post Quarterly Earnings on Thursday
MSCI Inc (NYSE:MSCI) is set to issue its quarterly earnings data before the market opens on Thursday, November 2nd. Analysts expect the company to announce earnings of $0.96 per share for the quarter.
MSCI (NYSE:MSCI) last posted its quarterly earnings data on Thursday, August 3rd. The technology company reported $0.95 EPS for the quarter, topping the consensus estimate of $0.90 by $0.05. The firm had revenue of $316.08 million during the quarter, compared to analyst estimates of $314.03 million. MSCI had a return on equity of 87.11% and a net margin of 24.01%. MSCI’s revenue was up 8.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.77 EPS. On average, analysts expect MSCI to post $3.80 EPS for the current fiscal year and $4.44 EPS for the next fiscal year.
Shares of MSCI Inc (NYSE MSCI) opened at 118.54 on Thursday. The stock has a market capitalization of $10.68 billion, a price-to-earnings ratio of 38.39 and a beta of 1.03. MSCI Inc has a 1-year low of $76.52 and a 1-year high of $124.51. The stock has a 50 day moving average price of $118.10 and a 200 day moving average price of $108.10.
MSCI has been the subject of several recent research reports. Morgan Stanley raised their target price on shares of MSCI from $97.00 to $125.00 and gave the stock an “equal weight” rating in a report on Monday, August 7th. Zacks Investment Research raised shares of MSCI from a “hold” rating to a “buy” rating and set a $115.00 target price for the company in a report on Thursday, July 6th. Barclays PLC initiated coverage on shares of MSCI in a report on Tuesday, July 18th. They set an “equal weight” rating and a $110.00 target price for the company. UBS Group AG raised their target price on shares of MSCI from $115.00 to $125.00 and gave the stock a “buy” rating in a report on Friday, August 4th. Finally, BidaskClub raised shares of MSCI from a “buy” rating to a “strong-buy” rating in a report on Thursday, July 13th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. MSCI has a consensus rating of “Buy” and a consensus target price of $112.17.
In other MSCI news, COO Cd Baer Pettit sold 2,083 shares of MSCI stock in a transaction on Monday, August 7th. The shares were sold at an average price of $111.16, for a total value of $231,546.28. Following the completion of the transaction, the chief operating officer now owns 178,266 shares of the company’s stock, valued at $19,816,048.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In the last three months, insiders have sold 6,249 shares of company stock valued at $724,009. 2.26% of the stock is currently owned by corporate insiders.
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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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