MSCI (NYSE:MSCI) Announces Quarterly Earnings Results

MSCI (NYSE:MSCI) released its quarterly earnings data on Tuesday. The technology company reported $3.52 EPS for the quarter, topping analysts’ consensus estimates of $3.44 by $0.08, Briefing.com reports. The business had revenue of $680.00 million during the quarter, compared to the consensus estimate of $685.47 million. MSCI had a negative return on equity of 111.33% and a net margin of 44.55%. The business’s revenue for the quarter was up 14.8% on a year-over-year basis. During the same period in the prior year, the firm posted $3.14 EPS.

MSCI Price Performance

Shares of MSCI stock opened at $464.81 on Thursday. The business has a 50-day moving average of $545.76 and a 200-day moving average of $538.56. The company has a market capitalization of $36.82 billion, a PE ratio of 31.73, a P/E/G ratio of 2.24 and a beta of 1.06. MSCI has a 1-year low of $439.95 and a 1-year high of $617.39.

MSCI Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Friday, May 17th will be paid a dividend of $1.60 per share. The ex-dividend date is Thursday, May 16th. This represents a $6.40 annualized dividend and a dividend yield of 1.38%. MSCI’s dividend payout ratio is presently 43.69%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on MSCI. Wolfe Research began coverage on MSCI in a report on Tuesday, March 26th. They set a “peer perform” rating for the company. Royal Bank of Canada restated an “outperform” rating and set a $638.00 price objective on shares of MSCI in a report on Friday, April 12th. Deutsche Bank Aktiengesellschaft upgraded MSCI from a “hold” rating to a “buy” rating and dropped their price objective for the stock from $613.00 to $569.00 in a report on Wednesday. Wells Fargo & Company upped their price objective on MSCI from $615.00 to $660.00 and gave the stock an “overweight” rating in a report on Wednesday, January 31st. Finally, Morgan Stanley dropped their price objective on MSCI from $671.00 to $615.00 and set an “overweight” rating for the company in a report on Wednesday. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $562.87.

About MSCI

MSCI Inc, together with its subsidiaries, provides critical decision support tools and solutions for the investment community to manage investment processes worldwide. The Index segment provides indexes for use in various areas of the investment process, including indexed financial product, such as ETFs, mutual funds, annuities, futures, options, structured products, and over-the-counter derivatives; performance benchmarking; portfolio construction and rebalancing; and asset allocation, as well as licenses GICS and GICS Direct.