Analysts forecast that MSCI Inc. (NYSE:MSCI) will announce $537.00 million in sales for the current quarter, according to Zacks. Two analysts have issued estimates for MSCI’s earnings, with estimates ranging from $533.00 million to $541.00 million. MSCI reported sales of $443.66 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 21%. The company is scheduled to report its next earnings report on Thursday, January 27th.
On average, analysts expect that MSCI will report full year sales of $2.02 billion for the current financial year, with estimates ranging from $2.01 billion to $2.04 billion. For the next year, analysts expect that the business will post sales of $2.29 billion, with estimates ranging from $2.29 billion to $2.30 billion. Zacks’ sales calculations are an average based on a survey of sell-side analysts that that provide coverage for MSCI.
MSCI (NYSE:MSCI) last issued its earnings results on Tuesday, October 26th. The technology company reported $2.53 earnings per share for the quarter, beating the consensus estimate of $2.43 by $0.10. The company had revenue of $517.10 million during the quarter, compared to analysts’ expectations of $509.62 million. MSCI had a negative return on equity of 199.50% and a net margin of 35.53%. MSCI’s quarterly revenue was up 21.6% compared to the same quarter last year. During the same period in the prior year, the business posted $2.20 EPS.
NYSE MSCI traded up $10.30 on Friday, hitting $642.64. The company’s stock had a trading volume of 412,604 shares, compared to its average volume of 364,872. MSCI has a 52-week low of $380.00 and a 52-week high of $679.85. The company’s 50-day simple moving average is $635.52 and its 200 day simple moving average is $583.42. The firm has a market cap of $52.98 billion, a P/E ratio of 77.90 and a beta of 0.95.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 30th. Stockholders of record on Friday, November 12th will be issued a $1.04 dividend. The ex-dividend date of this dividend is Wednesday, November 10th. This represents a $4.16 annualized dividend and a dividend yield of 0.65%. MSCI’s dividend payout ratio (DPR) is 50.42%.
In related news, COO Cd Baer Pettit sold 2,500 shares of the business’s stock in a transaction that occurred on Thursday, November 4th. The stock was sold at an average price of $658.60, for a total value of $1,646,500.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 2.93% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Bamco Inc. NY increased its position in shares of MSCI by 0.4% in the 1st quarter. Bamco Inc. NY now owns 2,238,157 shares of the technology company’s stock valued at $938,414,000 after acquiring an additional 9,655 shares during the period. Geode Capital Management LLC increased its position in shares of MSCI by 3.9% in the 3rd quarter. Geode Capital Management LLC now owns 1,455,469 shares of the technology company’s stock valued at $883,142,000 after acquiring an additional 54,907 shares during the period. Capital International Investors grew its position in MSCI by 3.6% during the 2nd quarter. Capital International Investors now owns 1,430,804 shares of the technology company’s stock worth $762,942,000 after purchasing an additional 49,213 shares during the period. Polen Capital Management LLC grew its position in MSCI by 0.8% during the 3rd quarter. Polen Capital Management LLC now owns 1,383,494 shares of the technology company’s stock worth $841,635,000 after purchasing an additional 10,921 shares during the period. Finally, Liberty Wealth Management LLC grew its position in MSCI by 53,252.5% during the 2nd quarter. Liberty Wealth Management LLC now owns 1,011,029 shares of the technology company’s stock worth $1,897,000 after purchasing an additional 1,009,134 shares during the period. 89.26% of the stock is currently owned by hedge funds and other institutional investors.
MSCI Company Profile
MSCI, Inc engages in the provision of investment decision support tools including indices, portfolio risk and performance analytics and corporate governance products and services. The company operates through the following business segments: Index, Analytics, Environmental, Social, and Governance (ESG), Real Estate, and Burgiss.
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