$1.68 Earnings Per Share Expected for Msci Inc (NYSE:MSCI) This Quarter
Equities research analysts predict that Msci Inc (NYSE:MSCI) will post earnings per share of $1.68 for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for Msci’s earnings, with the lowest EPS estimate coming in at $1.59 and the highest estimate coming in at $1.75. Msci posted earnings of $1.54 per share in the same quarter last year, which indicates a positive year over year growth rate of 9.1%. The business is expected to report its next quarterly earnings results on Thursday, August 6th.
On average, analysts expect that Msci will report full year earnings of $7.06 per share for the current year, with EPS estimates ranging from $6.86 to $7.20. For the next year, analysts expect that the firm will report earnings of $7.82 per share, with EPS estimates ranging from $7.59 to $8.09. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research firms that follow Msci.
Msci (NYSE:MSCI) last issued its quarterly earnings data on Tuesday, April 28th. The technology company reported $1.90 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.68 by $0.22. The business had revenue of $416.78 million for the quarter, compared to the consensus estimate of $406.36 million. Msci had a negative return on equity of 286.63% and a net margin of 33.28%. The firm’s revenue was up 12.2% compared to the same quarter last year. During the same quarter last year, the business posted $1.55 EPS.
Msci stock traded up $6.04 during mid-day trading on Thursday, hitting $331.79. 21,452 shares of the company’s stock were exchanged, compared to its average volume of 619,285. The firm has a market capitalization of $27.77 billion, a P/E ratio of 52.63 and a beta of 0.95. Msci has a fifty-two week low of $206.82 and a fifty-two week high of $356.66. The company’s 50 day simple moving average is $331.52 and its 200-day simple moving average is $298.28.
In other Msci news, COO Cd Baer Pettit sold 2,500 shares of the stock in a transaction dated Thursday, June 4th. The stock was sold at an average price of $317.15, for a total transaction of $792,875.00. Following the completion of the transaction, the chief operating officer now owns 285,815 shares in the company, valued at approximately $90,646,227.25. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In the last quarter, insiders have sold 6,903 shares of company stock valued at $2,128,151. Corporate insiders own 2.94% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in MSCI. Norges Bank bought a new position in shares of Msci in the 4th quarter valued at about $215,726,000. Capital International Investors grew its holdings in shares of Msci by 801.2% in the 4th quarter. Capital International Investors now owns 727,919 shares of the technology company’s stock valued at $187,934,000 after acquiring an additional 647,143 shares in the last quarter. FDx Advisors Inc. grew its holdings in shares of Msci by 1,158.5% in the 1st quarter. FDx Advisors Inc. now owns 550,090 shares of the technology company’s stock valued at $574,000 after acquiring an additional 506,381 shares in the last quarter. 1832 Asset Management L.P. grew its holdings in shares of Msci by 256.9% in the 1st quarter. 1832 Asset Management L.P. now owns 673,770 shares of the technology company’s stock valued at $199,273,000 after acquiring an additional 484,992 shares in the last quarter. Finally, WCM Investment Management LLC bought a new position in shares of Msci in the 1st quarter valued at about $127,387,000. Institutional investors own 91.84% of the company’s stock.
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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