Morningstar (MORN) Scheduled to Post Earnings on Tuesday

Morningstar (MORN) Scheduled to Post Earnings on Tuesday

Morningstar (NASDAQ:MORN) is scheduled to be posting its quarterly earnings results after the market closes on Tuesday, February 20th.

Shares of Morningstar (NASDAQ MORN) opened at $96.55 on Friday. The stock has a market capitalization of $4,085.83, a price-to-earnings ratio of 24.69 and a beta of 0.69. Morningstar has a 1-year low of $68.43 and a 1-year high of $103.46. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 0.26.

Morningstar announced that its Board of Directors has initiated a stock buyback program on Friday, December 8th that permits the company to buyback $500.00 million in shares. This buyback authorization permits the business services provider to purchase shares of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s management believes its shares are undervalued.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 31st. Stockholders of record on Friday, January 5th were issued a $0.25 dividend. The ex-dividend date of this dividend was Thursday, January 4th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.04%. This is a positive change from Morningstar’s previous quarterly dividend of $0.23. Morningstar’s dividend payout ratio is presently 25.58%.

In related news, Director Steven N. Kaplan sold 2,500 shares of the stock in a transaction on Thursday, December 21st. The stock was sold at an average price of $96.91, for a total transaction of $242,275.00. Following the completion of the sale, the director now directly owns 42,021 shares in the company, valued at $4,072,255.11. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 57.40% of the stock is currently owned by company insiders.

An institutional investor recently raised its position in Morningstar stock. The Manufacturers Life Insurance Company increased its position in shares of Morningstar, Inc. (NASDAQ:MORN) by 6.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,510 shares of the business services provider’s stock after acquiring an additional 98 shares during the period. The Manufacturers Life Insurance Company ‘s holdings in Morningstar were worth $118,000 as of its most recent filing with the Securities and Exchange Commission. Institutional investors and hedge funds own 38.38% of the company’s stock.

Separately, BidaskClub upgraded Morningstar from a “hold” rating to a “buy” rating in a report on Tuesday, February 13th.

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Morningstar Company Profile

Morningstar, Inc is a provider of independent investment research in North America, Europe, Australia, and Asia. The Company focuses to create products that help investors reach their financial goals. It offers a range of data, software, research, and investment management offerings for financial advisors, asset managers, sponsors, and individual investors.

Earnings History for Morningstar (NASDAQ:MORN)

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Morningstar (NASDAQ:MORN) is set to release its earnings data after the market closes on Tuesday, February 20th.

Shares of Morningstar (NASDAQ MORN) opened at $96.55 on Friday. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 0.26. Morningstar has a 1-year low of $68.43 and a 1-year high of $103.46. The stock has a market capitalization of $4,085.83, a price-to-earnings ratio of 24.69 and a beta of 0.69.

Morningstar announced that its Board of Directors has initiated a stock buyback program on Friday, December 8th that permits the company to buyback $500.00 million in shares. This buyback authorization permits the business services provider to purchase shares of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s management believes its shares are undervalued.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 31st. Investors of record on Friday, January 5th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.04%. This is a positive change from Morningstar’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend was Thursday, January 4th. Morningstar’s dividend payout ratio (DPR) is currently 25.58%.

In other Morningstar news, Director Steven N. Kaplan sold 2,500 shares of the firm’s stock in a transaction dated Thursday, December 21st. The stock was sold at an average price of $96.91, for a total transaction of $242,275.00. Following the transaction, the director now directly owns 42,021 shares in the company, valued at $4,072,255.11. The transaction was disclosed in a filing with the SEC, which is available through this link. 57.40% of the stock is owned by company insiders.

A hedge fund recently raised its stake in Morningstar stock. The Manufacturers Life Insurance Company raised its stake in shares of Morningstar, Inc. (NASDAQ:MORN) by 6.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,510 shares of the business services provider’s stock after buying an additional 98 shares during the period. The Manufacturers Life Insurance Company ‘s holdings in Morningstar were worth $118,000 at the end of the most recent quarter. 38.38% of the stock is owned by institutional investors.

Separately, BidaskClub upgraded Morningstar from a “hold” rating to a “buy” rating in a report on Tuesday, February 13th.

COPYRIGHT VIOLATION NOTICE: This report was published by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are reading this report on another domain, it was copied illegally and republished in violation of U.S. and international copyright legislation. The legal version of this report can be read at https://www.dispatchtribunal.com/2018/02/18/morningstar-morn-scheduled-to-post-earnings-on-tuesday.html.

About Morningstar

Morningstar, Inc is a provider of independent investment research in North America, Europe, Australia, and Asia. The Company focuses to create products that help investors reach their financial goals. It offers a range of data, software, research, and investment management offerings for financial advisors, asset managers, sponsors, and individual investors.

Earnings History for Morningstar (NASDAQ:MORN)

Receive News & Ratings for Morningstar Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Morningstar and related companies with MarketBeat.com's FREE daily email newsletter.

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