MSCI (NYSE:MSCI) Posts Earnings Results, Beats Estimates By $0.09 EPS

MSCI (NYSE:MSCI) posted its quarterly earnings data on Tuesday. The technology company reported $3.86 EPS for the quarter, topping analysts’ consensus estimates of $3.77 by $0.09, Briefing.com reports. MSCI had a negative return on equity of 143.09% and a net margin of 43.86%. The company had revenue of $724.70 million for the quarter, compared to analyst estimates of $716.15 million. During the same period in the previous year, the firm earned $3.45 earnings per share. The firm’s quarterly revenue was up 15.9% on a year-over-year basis.

MSCI Stock Down 1.7 %

NYSE:MSCI opened at $569.35 on Thursday. The business’s 50-day moving average price is $579.95 and its two-hundred day moving average price is $529.34. MSCI has a twelve month low of $439.95 and a twelve month high of $631.70. The stock has a market cap of $44.78 billion, a P/E ratio of 38.13, a PEG ratio of 3.09 and a beta of 1.11.

MSCI Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 15th will be issued a $1.60 dividend. The ex-dividend date is Friday, November 15th. This represents a $6.40 annualized dividend and a dividend yield of 1.12%. MSCI’s payout ratio is currently 42.87%.

Analyst Ratings Changes

Several brokerages have issued reports on MSCI. The Goldman Sachs Group boosted their price target on MSCI from $526.00 to $590.00 and gave the company a “neutral” rating in a research note on Wednesday, July 24th. Royal Bank of Canada restated an “outperform” rating and set a $638.00 price objective on shares of MSCI in a report on Wednesday. Morgan Stanley boosted their price objective on MSCI from $640.00 to $662.00 and gave the company an “overweight” rating in a report on Wednesday. UBS Group decreased their price objective on MSCI from $695.00 to $680.00 and set a “buy” rating for the company in a report on Wednesday. Finally, Redburn Atlantic upgraded MSCI from a “neutral” rating to a “buy” rating and set a $680.00 price target for the company in a report on Wednesday, October 9th. Seven research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, MSCI has an average rating of “Moderate Buy” and an average price target of $624.23.

MSCI Company Profile

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.