Brokerages Expect MSCI Inc (MSCI) Will Post Earnings of $0.99 Per Share
Wall Street analysts expect that MSCI Inc (NYSE:MSCI) will report earnings of $0.99 per share for the current fiscal quarter, Zacks reports. Four analysts have issued estimates for MSCI’s earnings, with estimates ranging from $0.94 to $1.03. MSCI posted earnings of $0.81 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 22.2%. The business is expected to report its next quarterly earnings report on Thursday, February 1st.
On average, analysts expect that MSCI will report full year earnings of $3.82 per share for the current fiscal year, with EPS estimates ranging from $3.77 to $3.86. For the next financial year, analysts forecast that the business will report earnings of $4.55 per share, with EPS estimates ranging from $4.44 to $4.69. Zacks Investment Research’s EPS averages are an average based on a survey of analysts that follow MSCI.
MSCI (NYSE:MSCI) last announced its earnings results on Thursday, November 2nd. The technology company reported $1.00 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.97 by $0.03. The firm had revenue of $322.10 million during the quarter, compared to analysts’ expectations of $322.96 million. MSCI had a return on equity of 106.15% and a net margin of 24.97%. The company’s revenue was up 11.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.77 earnings per share.
In related news, COO Cd Baer Pettit sold 2,083 shares of the company’s stock in a transaction on Monday, October 9th. The stock was sold at an average price of $121.26, for a total value of $252,584.58. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.26% of the stock is currently owned by corporate insiders.
Several hedge funds and other institutional investors have recently modified their holdings of MSCI. US Bancorp DE raised its stake in MSCI by 8.7% during the second quarter. US Bancorp DE now owns 2,238 shares of the technology company’s stock worth $230,000 after acquiring an additional 180 shares in the last quarter. Great West Life Assurance Co. Can raised its stake in MSCI by 6.4% during the second quarter. Great West Life Assurance Co. Can now owns 76,319 shares of the technology company’s stock worth $7,854,000 after acquiring an additional 4,568 shares in the last quarter. Advisor Partners LLC acquired a new position in MSCI during the second quarter worth $211,000. Cigna Investments Inc. New raised its stake in MSCI by 108.5% during the second quarter. Cigna Investments Inc. New now owns 8,036 shares of the technology company’s stock worth $828,000 after acquiring an additional 4,182 shares in the last quarter. Finally, Canada Pension Plan Investment Board raised its stake in MSCI by 126.6% during the second quarter. Canada Pension Plan Investment Board now owns 86,810 shares of the technology company’s stock worth $8,941,000 after acquiring an additional 48,500 shares in the last quarter. Institutional investors and hedge funds own 92.84% of the company’s stock.
Shares of MSCI (NYSE MSCI) traded down $0.50 during trading on Friday, reaching $127.71. The company’s stock had a trading volume of 324,714 shares, compared to its average volume of 332,513. The company has a market capitalization of $11,502.71, a PE ratio of 35.09, a P/E/G ratio of 3.34 and a beta of 0.89. The company has a quick ratio of 2.05, a current ratio of 2.05 and a debt-to-equity ratio of 5.77. MSCI has a 52-week low of $77.75 and a 52-week high of $130.58.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 30th. Stockholders of record on Friday, November 17th were given a $0.38 dividend. The ex-dividend date was Thursday, November 16th. This represents a $1.52 annualized dividend and a dividend yield of 1.19%. MSCI’s dividend payout ratio is 45.37%.
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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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