Equities research analysts expect Msci Inc (NYSE:MSCI) to report $367.85 million in sales for the current fiscal quarter, according to Zacks. Four analysts have issued estimates for Msci’s earnings, with the highest sales estimate coming in at $371.30 million and the lowest estimate coming in at $365.90 million. Msci reported sales of $351.32 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 4.7%. The business is scheduled to issue its next quarterly earnings results on Thursday, May 2nd.
On average, analysts expect that Msci will report full year sales of $1.53 billion for the current year, with estimates ranging from $1.52 billion to $1.54 billion. For the next year, analysts forecast that the firm will report sales of $1.67 billion, with estimates ranging from $1.65 billion to $1.70 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Msci.
Get Msci alerts:Msci (NYSE:MSCI) last released its quarterly earnings results on Thursday, January 31st. The technology company reported $1.31 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.30 by $0.01. Msci had a net margin of 35.42% and a return on equity of 125.73%. The company had revenue of $361.69 million for the quarter, compared to analysts’ expectations of $360.95 million.
Several equities research analysts recently issued reports on MSCI shares. Morgan Stanley decreased their target price on shares of Msci from $172.00 to $159.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 8th. Barclays raised shares of Msci from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $165.00 to $175.00 in a research report on Friday, December 7th. BMO Capital Markets set a $190.00 target price on shares of Msci and gave the stock a “buy” rating in a research report on Saturday, February 2nd. UBS Group reissued a “buy” rating and issued a $196.00 target price (up from $159.00) on shares of Msci in a research report on Friday, February 1st. Finally, Cantor Fitzgerald raised their target price on shares of Msci to $188.00 and gave the stock a “buy” rating in a research report on Friday, February 1st. Five equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $185.00.
Shares of MSCI traded up $0.38 during mid-day trading on Wednesday, hitting $182.44. The company had a trading volume of 338,363 shares, compared to its average volume of 615,556. The company has a debt-to-equity ratio of 6.80, a quick ratio of 2.75 and a current ratio of 2.75. Msci has a 1-year low of $134.28 and a 1-year high of $193.94. The stock has a market capitalization of $16.06 billion, a PE ratio of 34.10, a P/E/G ratio of 2.96 and a beta of 1.11.
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 15th. Investors of record on Friday, February 22nd will be issued a $0.58 dividend. The ex-dividend date of this dividend is Thursday, February 21st. This represents a $2.32 annualized dividend and a yield of 1.27%. Msci’s payout ratio is 43.36%.
In other news, insider Scott A. Crum sold 19,000 shares of Msci stock in a transaction that occurred on Friday, February 15th. The shares were sold at an average price of $175.14, for a total transaction of $3,327,660.00. Following the sale, the insider now owns 96,999 shares in the company, valued at $16,988,404.86. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 2.36% of the company’s stock.
Several institutional investors and hedge funds have recently bought and sold shares of the company. BlackRock Inc. raised its stake in shares of Msci by 0.5% during the fourth quarter. BlackRock Inc. now owns 6,413,485 shares of the technology company’s stock valued at $945,540,000 after purchasing an additional 34,795 shares during the period. Janus Henderson Group PLC raised its stake in shares of Msci by 2.8% during the third quarter. Janus Henderson Group PLC now owns 2,729,359 shares of the technology company’s stock valued at $484,216,000 after purchasing an additional 73,505 shares during the period. American Century Companies Inc. raised its stake in shares of Msci by 2.5% during the fourth quarter. American Century Companies Inc. now owns 1,615,249 shares of the technology company’s stock valued at $238,136,000 after purchasing an additional 39,480 shares during the period. Massachusetts Financial Services Co. MA raised its stake in shares of Msci by 7.2% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,549,751 shares of the technology company’s stock valued at $228,480,000 after purchasing an additional 103,911 shares during the period. Finally, Franklin Resources Inc. raised its stake in shares of Msci by 43.3% during the third quarter. Franklin Resources Inc. now owns 1,265,588 shares of the technology company’s stock valued at $224,540,000 after purchasing an additional 382,115 shares during the period. Institutional investors own 90.18% 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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