$361.80 Million in Sales Expected for Msci Inc (MSCI) This Quarter

Brokerages forecast that Msci Inc (NYSE:MSCI) will post sales of $361.80 million for the current quarter, Zacks reports. Four analysts have provided estimates for Msci’s earnings. The highest sales estimate is $367.00 million and the lowest is $358.70 million. Msci posted sales of $334.78 million in the same quarter last year, which suggests a positive year-over-year growth rate of 8.1%. The firm is scheduled to issue its next earnings report on Thursday, February 7th.

On average, analysts expect that Msci will report full-year sales of $1.43 billion for the current financial year, with estimates ranging from $1.43 billion to $1.44 billion. For the next fiscal year, analysts anticipate that the company will post sales of $1.53 billion, with estimates ranging from $1.52 billion to $1.55 billion. Zacks’ sales calculations are an average based on a survey of sell-side analysts that cover Msci.

Msci (NYSE:MSCI) last posted its quarterly earnings results on Thursday, November 1st. The technology company reported $1.35 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.29 by $0.06. Msci had a net margin of 29.87% and a return on equity of 121.45%. The company had revenue of $357.90 million during the quarter, compared to the consensus estimate of $359.91 million. During the same period last year, the firm earned $1.00 EPS. The company’s revenue for the quarter was up 11.1% on a year-over-year basis.

Several research analysts recently issued reports on MSCI shares. BMO Capital Markets cut their price objective on Msci from $180.00 to $178.00 and set a “buy” rating for the company in a research report on Monday, November 5th. Barclays cut their price objective on Msci from $175.00 to $165.00 and set an “equal weight” rating for the company in a research report on Friday, November 2nd. Zacks Investment Research restated a “hold” rating on shares of Msci in a research report on Wednesday, November 14th. Finally, Morgan Stanley set a $172.00 price objective on Msci and gave the stock a “hold” rating in a research report on Monday, October 15th. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $175.29.

Shares of Msci stock opened at $157.09 on Monday. The company has a debt-to-equity ratio of 6.80, a current ratio of 2.75 and a quick ratio of 2.75. Msci has a 1 year low of $124.08 and a 1 year high of $184.22. The company has a market cap of $13.83 billion, a P/E ratio of 39.47, a P/E/G ratio of 2.98 and a beta of 1.09.

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 30th. Investors of record on Friday, November 16th were given a dividend of $0.58 per share. The ex-dividend date was Thursday, November 15th. This represents a $2.32 annualized dividend and a dividend yield of 1.48%. Msci’s dividend payout ratio is currently 58.29%.

Several institutional investors have recently modified their holdings of the stock. Commerce Bank raised its holdings in Msci by 10.2% in the 3rd quarter. Commerce Bank now owns 3,770 shares of the technology company’s stock valued at $669,000 after acquiring an additional 349 shares during the last quarter. Castleark Management LLC raised its holdings in Msci by 11.2% in the 3rd quarter. Castleark Management LLC now owns 3,770 shares of the technology company’s stock valued at $669,000 after acquiring an additional 380 shares during the last quarter. Baldwin Brothers Inc. MA raised its holdings in Msci by 3.0% in the 3rd quarter. Baldwin Brothers Inc. MA now owns 13,135 shares of the technology company’s stock valued at $2,330,000 after acquiring an additional 385 shares during the last quarter. Logan Capital Management Inc. raised its holdings in Msci by 3.8% in the 3rd quarter. Logan Capital Management Inc. now owns 11,028 shares of the technology company’s stock valued at $1,957,000 after acquiring an additional 404 shares during the last quarter. Finally, Nissay Asset Management Corp Japan ADV raised its holdings in Msci by 5.9% in the 2nd quarter. Nissay Asset Management Corp Japan ADV now owns 7,454 shares of the technology company’s stock valued at $1,233,000 after acquiring an additional 413 shares during the last quarter. Hedge funds and other institutional investors own 92.58% of the company’s stock.

About Msci

MSCI Inc, together with its subsidiaries, provides investment decision support tools for the clients to manage their investment processes worldwide. The company operates through four segments: Index, Analytics, ESG, and Real Estate. The Index segment primarily provides equity indexes for use 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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