MSCI Inc (MSCI) Expected to Announce Quarterly Sales of $322.20 Million
Analysts expect MSCI Inc (NYSE:MSCI) to post sales of $322.20 million for the current fiscal quarter, Zacks Investment Research reports. Four analysts have issued estimates for MSCI’s earnings, with the highest sales estimate coming in at $328.10 million and the lowest estimate coming in at $314.70 million. MSCI posted sales of $288.43 million during the same quarter last year, which suggests a positive year over year growth rate of 11.7%. The company is expected to announce its next earnings results on Thursday, October 26th.
On average, analysts expect that MSCI will report full-year sales of $322.20 million for the current year, with estimates ranging from $1.26 billion to $1.28 billion. For the next fiscal year, analysts expect that the firm will post sales of $1.38 billion per share, with estimates ranging from $1.35 billion to $1.41 billion. Zacks’ sales calculations are an average based on a survey of sell-side research firms that follow MSCI.
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 Zacks’ consensus estimate of $0.90 by $0.05. The firm had revenue of $316.08 million for 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%. The company’s revenue was up 8.8% on a year-over-year basis. During the same quarter last year, the company earned $0.77 EPS.
A number of equities research analysts have issued reports on the stock. UBS AG boosted their target price on shares of MSCI from $115.00 to $125.00 and gave the company a “buy” rating in a report on Friday, August 4th. Morgan Stanley upped their price target 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. Barclays PLC assumed coverage on shares of MSCI in a report on Tuesday, July 18th. They issued an “equal weight” rating and a $110.00 price target on the stock. BidaskClub raised shares of MSCI from a “buy” rating to a “strong-buy” rating in a report on Thursday, July 13th. Finally, Zacks Investment Research raised shares of MSCI from a “hold” rating to a “buy” rating and set a $115.00 price target on the stock in a report on Thursday, July 6th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $111.50.
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Shares of MSCI (MSCI) opened at 123.25 on Tuesday. MSCI has a one year low of $76.52 and a one year high of $123.35. The firm has a market cap of $11.10 billion, a P/E ratio of 39.91 and a beta of 1.03. The firm has a 50 day moving average price of $116.52 and a 200-day moving average price of $106.76.
In other news, COO Cd Baer Pettit sold 2,083 shares of the company’s stock in a transaction on Monday, October 9th. The shares were sold at an average price of $121.26, for a total value of $252,584.58. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In the last ninety days, insiders sold 6,249 shares of company stock worth $724,009. Insiders own 2.26% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the company. Penserra Capital Management LLC bought a new position in shares of MSCI in the second quarter worth $101,000. Toronto Dominion Bank increased its holdings in shares of MSCI by 13.7% in the second quarter. Toronto Dominion Bank now owns 1,113 shares of the technology company’s stock worth $115,000 after purchasing an additional 134 shares during the period. OLD Mutual Customised Solutions Proprietary Ltd. increased its holdings in shares of MSCI by 115.0% in the first quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 1,505 shares of the technology company’s stock worth $146,000 after purchasing an additional 805 shares during the period. Copper Rock Capital Partners LLC increased its holdings in shares of MSCI by 309.1% in the second quarter. Copper Rock Capital Partners LLC now owns 2,078 shares of the technology company’s stock worth $164,000 after purchasing an additional 1,570 shares during the period. Finally, Two Sigma Securities LLC bought a new position in shares of MSCI in the first quarter worth $203,000. 94.45% of the stock is currently owned by hedge funds and other institutional investors.
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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