Wall Street analysts predict that Msci Inc (NYSE:MSCI) will announce sales of $423.77 million for the current quarter, according to Zacks. Three analysts have made estimates for Msci’s earnings, with estimates ranging from $422.00 million to $426.60 million. Msci reported sales of $371.38 million during the same quarter last year, which would suggest a positive year over year growth rate of 14.1%. The firm is scheduled to announce its next quarterly earnings report on Thursday, May 7th.
According to Zacks, analysts expect that Msci will report full year sales of $1.74 billion for the current fiscal year, with estimates ranging from $1.73 billion to $1.76 billion. For the next year, analysts forecast that the company will report sales of $1.90 billion, with estimates ranging from $1.90 billion to $1.91 billion. Zacks Investment Research’s sales averages are an average based on a survey of analysts that follow Msci.
Msci (NYSE:MSCI) last posted its quarterly earnings results on Thursday, January 30th. The technology company reported $1.67 earnings per share for the quarter, topping analysts’ consensus estimates of $1.63 by $0.04. Msci had a negative return on equity of 285.06% and a net margin of 36.18%. The business had revenue of $406.61 million for the quarter, compared to the consensus estimate of $398.15 million. During the same period in the prior year, the business earned $1.31 EPS. The firm’s revenue for the quarter was up 12.4% on a year-over-year basis.
A number of research analysts recently weighed in on the company. William Blair reaffirmed a “market perform” rating on shares of Msci in a research note on Friday, January 24th. UBS Group dropped their price target on Msci from $299.00 to $268.00 and set a “neutral” rating on the stock in a research note on Friday, March 13th. Morgan Stanley upped their price target on Msci from $255.00 to $274.00 and gave the stock an “equal weight” rating in a research note on Friday, January 31st. Zacks Investment Research raised Msci from a “hold” rating to a “buy” rating and set a $291.00 price target on the stock in a research note on Friday, January 17th. Finally, Atlantic Securities raised Msci from a “neutral” rating to an “overweight” rating and set a $340.00 price target on the stock in a research note on Wednesday, February 12th. Five investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $297.33.
In other Msci news, COO Cd Baer Pettit sold 2,500 shares of the business’s stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of $315.11, for a total transaction of $787,775.00. Following the completion of the sale, the chief operating officer now directly owns 291,145 shares of the company’s stock, valued at approximately $91,742,700.95. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 2.94% of the company’s stock.
Institutional investors and hedge funds have recently modified their holdings of the business. Gideon Capital Advisors Inc. grew its holdings in Msci by 1.8% during the fourth quarter. Gideon Capital Advisors Inc. now owns 2,068 shares of the technology company’s stock valued at $534,000 after purchasing an additional 37 shares during the period. Rockefeller Capital Management L.P. lifted its position in shares of Msci by 14.1% during the fourth quarter. Rockefeller Capital Management L.P. now owns 381 shares of the technology company’s stock worth $98,000 after acquiring an additional 47 shares in the last quarter. Private Advisory Group LLC raised its position in shares of Msci by 2.8% in the fourth quarter. Private Advisory Group LLC now owns 1,750 shares of the technology company’s stock worth $452,000 after buying an additional 48 shares in the last quarter. Wrapmanager Inc. raised its position in shares of Msci by 3.7% in the fourth quarter. Wrapmanager Inc. now owns 1,531 shares of the technology company’s stock worth $395,000 after buying an additional 54 shares in the last quarter. Finally, PFG Advisors raised its position in shares of Msci by 0.9% in the fourth quarter. PFG Advisors now owns 6,020 shares of the technology company’s stock worth $1,605,000 after buying an additional 55 shares in the last quarter. 91.15% of the stock is owned by hedge funds and other institutional investors.
MSCI stock opened at $291.86 on Friday. The stock’s 50 day simple moving average is $289.41 and its 200 day simple moving average is $259.11. Msci has a fifty-two week low of $191.72 and a fifty-two week high of $335.43. The company has a market cap of $24.83 billion, a P/E ratio of 44.29 and a beta of 1.09.
The business also recently disclosed a quarterly dividend, which was paid on Friday, March 6th. Shareholders of record on Friday, February 21st were issued a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a yield of 0.93%. The ex-dividend date was Thursday, February 20th. Msci’s dividend payout ratio is currently 42.24%.
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.
Further Reading: Bar Chart
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Msci Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Msci and related companies with MarketBeat.com's FREE daily email newsletter.