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.
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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