MSCI Inc (MSCI) Expected to Post Earnings of $1.00 Per Share
Analysts expect that MSCI Inc (NYSE:MSCI) will post earnings of $1.00 per share for the current fiscal quarter, Zacks reports. Four analysts have provided estimates for MSCI’s earnings. The lowest EPS estimate is $0.92 and the highest is $1.03. MSCI posted earnings per share of $0.81 during the same quarter last year, which would indicate a positive year-over-year growth rate of 23.5%. The company is scheduled to report its next quarterly earnings report on Thursday, February 1st.
According to Zacks, analysts expect that MSCI will report full-year earnings of $3.79 per share for the current financial year, with EPS estimates ranging from $3.63 to $3.86. For the next fiscal year, analysts forecast that the firm will report earnings of $4.46 per share, with EPS estimates ranging from $4.19 to $4.59. Zacks’ EPS calculations are a mean average based on a survey of analysts that that provide coverage for MSCI.
MSCI (NYSE:MSCI) last posted its earnings results on Thursday, November 2nd. The technology company reported $1.00 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.97 by $0.03. The business had revenue of $322.10 million during the quarter, compared to the consensus estimate of $322.96 million. MSCI had a return on equity of 111.36% and a net margin of 24.97%. MSCI’s revenue was up 11.7% on a year-over-year basis. During the same quarter last year, the company earned $0.77 EPS.
MSCI has been the topic of a number of analyst reports. Barclays PLC initiated coverage on MSCI in a report on Tuesday, July 18th. They set an “equal weight” rating and a $110.00 price objective on the stock. Morgan Stanley increased their price objective on MSCI from $125.00 to $129.00 and gave the company an “equal weight” rating in a report on Monday, October 23rd. UBS AG increased their price objective on MSCI from $115.00 to $125.00 and gave the company a “buy” rating in a report on Friday, August 4th. Zacks Investment Research raised MSCI from a “hold” rating to a “buy” rating and set a $115.00 price objective on the stock in a report on Thursday, July 6th. Finally, BidaskClub raised MSCI from a “buy” rating to a “strong-buy” rating in a report on Thursday, July 13th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $124.50.
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In other MSCI news, COO Cd Baer Pettit sold 2,083 shares of the firm’s stock in a transaction that occurred on Monday, October 9th. The stock was sold at an average price of $121.26, for a total value of $252,584.58. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders sold a total of 6,249 shares of company stock worth $724,009 in the last ninety days. Insiders own 2.26% of the company’s stock.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its holdings in MSCI by 1.4% in the 2nd quarter. Vanguard Group Inc. now owns 8,741,917 shares of the technology company’s stock valued at $900,330,000 after buying an additional 121,542 shares during the last quarter. Janus Henderson Group PLC grew its holdings in MSCI by 41,366.8% in the 2nd quarter. Janus Henderson Group PLC now owns 3,794,624 shares of the technology company’s stock valued at $390,808,000 after buying an additional 3,785,473 shares during the last quarter. Fiera Capital Corp grew its holdings in MSCI by 11.1% in the 2nd quarter. Fiera Capital Corp now owns 3,750,145 shares of the technology company’s stock valued at $386,228,000 after buying an additional 375,333 shares during the last quarter. Findlay Park Partners LLP grew its holdings in MSCI by 89.3% in the 2nd quarter. Findlay Park Partners LLP now owns 1,685,489 shares of the technology company’s stock valued at $173,589,000 after buying an additional 795,000 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in MSCI by 12.7% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,147,347 shares of the technology company’s stock valued at $118,165,000 after buying an additional 129,131 shares during the last quarter. 94.82% of the stock is currently owned by hedge funds and other institutional investors.
MSCI (NYSE MSCI) traded up $8.45 during trading on Friday, hitting $126.04. The company had a trading volume of 571,388 shares, compared to its average volume of 466,947. The firm has a market cap of $11,295.22, a P/E ratio of 34.46 and a beta of 0.86.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 30th. Shareholders of record on Friday, November 17th will be issued a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 1.21%. The ex-dividend date is Thursday, November 16th. MSCI’s dividend payout ratio (DPR) is currently 45.37%.
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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