Brokerages Expect Msci Inc (NYSE:MSCI) to Announce $1.53 Earnings Per Share

Equities analysts forecast that Msci Inc (NYSE:MSCI) will announce earnings of $1.53 per share for the current quarter, Zacks reports. Four analysts have provided estimates for Msci’s earnings. The highest EPS estimate is $1.66 and the lowest is $1.47. Msci posted earnings of $1.30 per share in the same quarter last year, which suggests a positive year-over-year growth rate of 17.7%. The company is scheduled to report its next earnings report on Thursday, August 1st.

According to Zacks, analysts expect that Msci will report full-year earnings of $6.32 per share for the current fiscal year, with EPS estimates ranging from $6.20 to $6.60. For the next financial year, analysts forecast that the company will post earnings of $7.16 per share, with EPS estimates ranging from $7.00 to $7.25. Zacks’ EPS averages are an average based on a survey of research firms that that provide coverage for Msci.

Msci (NYSE:MSCI) last issued its quarterly earnings results on Thursday, May 2nd. The technology company reported $1.55 earnings per share for the quarter, topping the consensus estimate of $1.40 by $0.15. The business had revenue of $371.38 million during the quarter, compared to the consensus estimate of $371.48 million. Msci had a return on equity of 813.48% and a net margin of 39.27%. The company’s quarterly revenue was up 5.8% on a year-over-year basis. During the same quarter last year, the company earned $1.31 earnings per share.

MSCI has been the subject of several recent analyst reports. Cantor Fitzgerald raised their price target on Msci from $188.00 to $247.00 in a report on Friday, May 3rd. UBS Group raised their price target on Msci to $234.00 and gave the stock a “buy” rating in a report on Monday, April 8th. Zacks Investment Research raised Msci from a “hold” rating to a “buy” rating and set a $207.00 price target for the company in a report on Wednesday, March 13th. Barclays restated a “buy” rating and issued a $240.00 price objective on shares of Msci in a research note on Sunday, May 5th. Finally, Morgan Stanley raised their price objective on Msci from $216.00 to $223.00 and gave the stock an “equal weight” rating in a research note on Thursday, June 13th. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $212.50.

Shares of NYSE MSCI opened at $230.75 on Wednesday. The company has a debt-to-equity ratio of 6.80, a quick ratio of 1.63 and a current ratio of 1.63. The firm has a market capitalization of $19.90 billion, a P/E ratio of 43.13, a PEG ratio of 3.72 and a beta of 1.15. The business has a 50-day simple moving average of $227.75. Msci has a fifty-two week low of $134.28 and a fifty-two week high of $246.07.

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 31st. Stockholders of record on Friday, May 17th were paid a $0.58 dividend. This represents a $2.32 annualized dividend and a dividend yield of 1.01%. The ex-dividend date of this dividend was Thursday, May 16th. Msci’s payout ratio is 43.36%.

Several large investors have recently made changes to their positions in the company. LPL Financial LLC raised its holdings in Msci by 10.1% during the 4th quarter. LPL Financial LLC now owns 13,035 shares of the technology company’s stock valued at $1,922,000 after buying an additional 1,200 shares during the period. PNC Financial Services Group Inc. raised its holdings in Msci by 10.7% during the 4th quarter. PNC Financial Services Group Inc. now owns 7,455 shares of the technology company’s stock valued at $1,099,000 after buying an additional 721 shares during the period. Norinchukin Bank The raised its holdings in Msci by 9.6% during the 4th quarter. Norinchukin Bank The now owns 6,888 shares of the technology company’s stock valued at $1,015,000 after buying an additional 604 shares during the period. Robeco Institutional Asset Management B.V. raised its holdings in Msci by 6.8% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 244,186 shares of the technology company’s stock valued at $35,990,000 after buying an additional 15,547 shares during the period. Finally, Utah Retirement Systems raised its holdings in Msci by 0.6% during the 4th quarter. Utah Retirement Systems now owns 16,189 shares of the technology company’s stock valued at $2,386,000 after buying an additional 100 shares during the period. Hedge funds and other institutional investors own 91.70% of the company’s stock.

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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Earnings History and Estimates for Msci (NYSE:MSCI)

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