Brokerages Expect MSCI Inc. (NYSE:MSCI) to Post $2.49 Earnings Per Share

Wall Street brokerages forecast that MSCI Inc. (NYSE:MSCI) will announce earnings of $2.49 per share for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for MSCI’s earnings, with the lowest EPS estimate coming in at $2.43 and the highest estimate coming in at $2.53. MSCI posted earnings per share of $1.96 in the same quarter last year, which indicates a positive year-over-year growth rate of 27%. The business is expected to issue its next earnings results on Thursday, January 27th.

According to Zacks, analysts expect that MSCI will report full year earnings of $9.94 per share for the current year, with EPS estimates ranging from $9.83 to $10.05. For the next financial year, analysts expect that the company will report earnings of $11.13 per share, with EPS estimates ranging from $11.01 to $11.27. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research analysts that follow MSCI.

MSCI (NYSE:MSCI) last posted its quarterly earnings results on Tuesday, October 26th. The technology company reported $2.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.43 by $0.10. MSCI had a negative return on equity of 199.50% and a net margin of 35.53%. The business had revenue of $517.10 million for the quarter, compared to analyst estimates of $509.62 million. During the same period last year, the company earned $2.20 EPS. MSCI’s revenue for the quarter was up 21.6% compared to the same quarter last year.

A number of research analysts have recently commented on MSCI shares. Zacks Investment Research cut MSCI from a “buy” rating to a “hold” rating and set a $694.00 target price for the company. in a research note on Tuesday, November 16th. Deutsche Bank Aktiengesellschaft lifted their target price on MSCI from $600.00 to $650.00 and gave the stock a “buy” rating in a report on Tuesday, August 3rd. Barclays lifted their target price on MSCI from $545.00 to $700.00 and gave the stock an “overweight” rating in a report on Wednesday, July 28th. Royal Bank of Canada lifted their price objective on MSCI from $650.00 to $720.00 and gave the stock an “outperform” rating in a report on Tuesday, September 21st. Finally, Morgan Stanley lifted their price objective on MSCI from $570.00 to $600.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 27th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $648.57.

In other news, COO Cd Baer Pettit sold 2,500 shares of the business’s stock in a transaction dated 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 filing with the SEC, which can be accessed through this hyperlink. 2.93% of the stock is owned by insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Bamco Inc. NY grew its stake in shares of MSCI by 0.4% during the first quarter. Bamco Inc. NY now owns 2,238,157 shares of the technology company’s stock valued at $938,414,000 after buying an additional 9,655 shares during the last quarter. Geode Capital Management LLC grew its stake in MSCI by 3.9% in the third quarter. Geode Capital Management LLC now owns 1,455,469 shares of the technology company’s stock worth $883,142,000 after purchasing an additional 54,907 shares in the last quarter. Capital International Investors grew its stake in MSCI by 3.6% in the second 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 in the last quarter. Polen Capital Management LLC grew its stake in MSCI by 0.8% in the third 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 in the last quarter. Finally, Liberty Wealth Management LLC grew its stake in MSCI by 53,252.5% in the second 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 in the last quarter. 89.26% of the stock is currently owned by hedge funds and other institutional investors.

NYSE MSCI traded up $10.30 on Thursday, hitting $642.64. The company’s stock had a trading volume of 412,604 shares, compared to its average volume of 364,872. 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’s 50-day simple moving average is $635.52 and its 200 day simple moving average is $583.42. MSCI has a 52-week low of $380.00 and a 52-week high of $679.85.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 30th. Stockholders of record on Friday, November 12th will be given 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 payout ratio is 50.42%.

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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Earnings History and Estimates for MSCI (NYSE:MSCI)

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