Analysts expect Msci Inc (NYSE:MSCI) to announce sales of $361.80 million for the current quarter, according to Zacks Investment Research. Four analysts have issued estimates for Msci’s earnings. The highest sales estimate is $367.00 million and the lowest is $358.70 million. Msci reported sales of $334.78 million during the same quarter last year, which indicates a positive year over year growth rate of 8.1%. The business is expected to issue its next quarterly earnings report on Thursday, February 7th.
On average, analysts expect that Msci will report full year sales of $1.43 billion for the current financial year, with estimates ranging from $1.43 billion to $1.44 billion. For the next fiscal year, analysts expect that the firm will post sales of $1.53 billion, with estimates ranging from $1.52 billion to $1.55 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that that provide coverage for Msci.
Msci (NYSE:MSCI) last released its quarterly earnings results on Thursday, November 1st. The technology company reported $1.35 earnings per share for the quarter, beating the consensus estimate of $1.29 by $0.06. The business had revenue of $357.90 million during the quarter, compared to analysts’ expectations of $359.91 million. Msci had a return on equity of 121.45% and a net margin of 29.87%. The firm’s revenue for the quarter was up 11.1% compared to the same quarter last year. During the same quarter last year, the business posted $1.00 EPS.
A number of equities analysts have recently commented on the company. BMO Capital Markets dropped their target price on Msci from $180.00 to $178.00 and set a “buy” rating for the company in a report on Monday, November 5th. Barclays dropped their target price on Msci from $175.00 to $165.00 and set an “equal weight” rating for the company in a report on Friday, November 2nd. Morgan Stanley set a $172.00 target price on Msci and gave the stock a “hold” rating in a report on Monday, October 15th. Zacks Investment Research upgraded Msci from a “sell” rating to a “hold” rating in a report on Tuesday, August 7th. Finally, Cantor Fitzgerald lifted their target price on Msci to $192.00 and gave the stock an “overweight” rating in a report on Friday, August 3rd. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Msci has an average rating of “Buy” and an average target price of $175.29.
Several institutional investors have recently made changes to their positions in the company. Flagship Harbor Advisors LLC bought a new stake in shares of Msci during the 2nd quarter worth approximately $114,000. Harvest Fund Management Co. Ltd lifted its stake in shares of Msci by 113.9% during the 3rd quarter. Harvest Fund Management Co. Ltd now owns 800 shares of the technology company’s stock worth $142,000 after acquiring an additional 426 shares during the last quarter. Smithfield Trust Co. lifted its stake in shares of Msci by 2,573.3% during the 2nd quarter. Smithfield Trust Co. now owns 802 shares of the technology company’s stock worth $133,000 after acquiring an additional 772 shares during the last quarter. Cerebellum GP LLC bought a new stake in shares of Msci during the 3rd quarter worth approximately $147,000. Finally, Rampart Investment Management Company LLC bought a new stake in shares of Msci during the 2nd quarter worth approximately $152,000. Hedge funds and other institutional investors own 92.03% of the company’s stock.
Shares of Msci stock opened at $149.79 on Friday. The company has a market capitalization of $13.01 billion, a PE ratio of 37.64, a P/E/G ratio of 2.81 and a beta of 1.09. The company has a debt-to-equity ratio of 6.80, a current ratio of 2.75 and a quick ratio of 2.65. Msci has a one year low of $123.80 and a one year high of $184.22.
The business also recently announced a quarterly dividend, which will be paid on Friday, November 30th. Stockholders of record on Friday, November 16th will be issued a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a dividend yield of 1.55%. The ex-dividend date of this dividend is Thursday, November 15th. Msci’s dividend payout ratio (DPR) is 58.29%.
Msci Company Profile
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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