Brokerages expect that Msci Inc (NYSE:MSCI) will post $381.75 million in sales for the current quarter, according to Zacks. Four analysts have provided estimates for Msci’s earnings, with the lowest sales estimate coming in at $378.90 million and the highest estimate coming in at $387.10 million. Msci posted sales of $363.05 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 5.2%. The firm is expected to issue its next earnings results on Thursday, August 1st.
On average, analysts expect that Msci will report full-year sales of $1.55 billion for the current year, with estimates ranging from $1.54 billion to $1.56 billion. For the next fiscal year, analysts anticipate that the company will post sales of $1.70 billion, with estimates ranging from $1.67 billion to $1.73 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research analysts that cover Msci.
Msci (NYSE:MSCI) last announced its quarterly earnings results on Thursday, May 2nd. The technology company reported $1.55 earnings per share for the quarter, topping analysts’ consensus estimates of $1.40 by $0.15. Msci had a net margin of 39.27% and a return on equity of 813.48%. The firm had revenue of $371.38 million during the quarter, compared to analysts’ expectations of $371.48 million. During the same period in the prior year, the company earned $1.31 EPS. The firm’s revenue was up 5.8% on a year-over-year basis.
Several research firms have commented on MSCI. Zacks Investment Research upgraded shares of Msci from a “hold” rating to a “buy” rating and set a $207.00 target price for the company in a research report on Wednesday, March 13th. BMO Capital Markets set a $190.00 target price on shares of Msci and gave the stock a “buy” rating in a research report on Saturday, February 2nd. UBS Group upped their target price on shares of Msci to $234.00 and gave the stock a “buy” rating in a research report on Monday, April 8th. Barclays restated a “buy” rating and issued a $240.00 target price on shares of Msci in a research report on Sunday, May 5th. Finally, Morgan Stanley set a $216.00 target price on shares of Msci and gave the stock a “hold” rating in a research report on Friday, May 3rd. Four analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Msci presently has an average rating of “Buy” and a consensus price target of $209.22.
In other news, insider Scott A. Crum sold 19,000 shares of the stock in a transaction that occurred on Friday, February 15th. The shares were sold at an average price of $175.14, for a total value of $3,327,660.00. Following the completion of the transaction, the insider now directly owns 96,999 shares in the company, valued at $16,988,404.86. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 3.10% of the company’s stock.
Institutional investors have recently bought and sold shares of the company. Cresset Asset Management LLC bought a new stake in Msci during the first quarter worth approximately $30,000. CWM LLC lifted its position in shares of Msci by 252.9% in the 4th quarter. CWM LLC now owns 247 shares of the technology company’s stock valued at $36,000 after acquiring an additional 177 shares in the last quarter. Prime Capital Investment Advisors LLC purchased a new stake in shares of Msci in the 4th quarter valued at approximately $38,000. Valeo Financial Advisors LLC lifted its position in shares of Msci by 865.3% in the 4th quarter. Valeo Financial Advisors LLC now owns 473 shares of the technology company’s stock valued at $70,000 after acquiring an additional 424 shares in the last quarter. Finally, We Are One Seven LLC purchased a new stake in Msci in the 4th quarter worth approximately $76,000. Institutional investors and hedge funds own 94.14% of the company’s stock.
NYSE:MSCI traded up $5.17 on Monday, reaching $226.07. The stock had a trading volume of 14,726 shares, compared to its average volume of 625,360. The company has a debt-to-equity ratio of 6.80, a current ratio of 1.63 and a quick ratio of 1.63. The stock has a market cap of $18.24 billion, a P/E ratio of 42.32, a PEG ratio of 3.44 and a beta of 1.19. Msci has a 12-month low of $134.28 and a 12-month high of $230.43.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Friday, May 17th will be issued a $0.58 dividend. This represents a $2.32 annualized dividend and a dividend yield of 1.03%. The ex-dividend date of this dividend is Thursday, May 16th. Msci’s dividend payout ratio (DPR) is presently 43.36%.
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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