Analysts expect Msci Inc (NYSE:MSCI) to announce $420.40 million in sales for the current quarter, Zacks reports. Four analysts have made estimates for Msci's earnings, with the highest sales estimate coming in at $424.00 million and the lowest estimate coming in at $418.00 million. Msci posted sales of $394.25 million during the same quarter last year, which would indicate a positive year over year growth rate of 6.6%. The business is expected to report its next quarterly earnings results before the market opens on Tuesday, October 27th.
According to Zacks, analysts expect that Msci will report full year sales of $1.68 billion for the current fiscal year, with estimates ranging from $1.68 billion to $1.69 billion. For the next year, analysts forecast that the company will post sales of $1.84 billion, with estimates ranging from $1.83 billion to $1.84 billion. Zacks' sales calculations are a mean average based on a survey of research firms that that provide coverage for Msci.
Msci (NYSE:MSCI) last posted its earnings results on Tuesday, July 28th. The technology company reported $1.77 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $1.68 by $0.09. Msci had a net margin of 32.14% and a negative return on equity of 268.97%. The firm had revenue of $409.60 million during the quarter, compared to the consensus estimate of $410.25 million. During the same quarter last year, the firm earned $1.54 EPS. The firm's revenue for the quarter was up 6.4% on a year-over-year basis.
MSCI has been the subject of a number of research reports. UBS Group boosted their price target on shares of Msci from $342.00 to $375.00 and gave the company a "neutral" rating in a research report on Wednesday, July 29th. BMO Capital Markets boosted their price target on shares of Msci from $346.00 to $501.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 8th. Morgan Stanley upped their target price on shares of Msci from $337.00 to $366.00 and gave the stock an "equal weight" rating in a research report on Wednesday, July 29th. Deutsche Bank Aktiengesellschaft started coverage on shares of Msci in a research report on Friday, July 17th. They issued a "hold" rating on the stock. Finally, Zacks Investment Research lowered shares of Msci from a "buy" rating to a "hold" rating and set a $383.00 price target on the stock. in a research report on Thursday, August 6th. Five research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Msci has an average rating of "Buy" and a consensus price target of $370.00.
In other news, insider Scott A. Crum sold 3,500 shares of the business's stock in a transaction on Thursday, July 30th. The shares were sold at an average price of $376.69, for a total value of $1,318,415.00. Following the completion of the sale, the insider now directly owns 29,279 shares in the company, valued at $11,029,106.51. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, COO Cd Baer Pettit sold 2,500 shares of the business's stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $367.31, for a total transaction of $918,275.00. Following the completion of the sale, the chief operating officer now owns 280,483 shares of the company's stock, valued at $103,024,210.73. The disclosure for this sale can be found here. Insiders sold a total of 11,000 shares of company stock worth $3,996,165 in the last ninety days. Corporate insiders own 2.94% of the company's stock.
Institutional investors have recently made changes to their positions in the business. Nachman Norwood & Parrott Inc acquired a new position in Msci during the 3rd quarter worth about $27,000. Creative Financial Designs Inc. ADV bought a new position in shares of Msci during the 2nd quarter worth approximately $28,000. First Horizon Advisors Inc. boosted its holdings in shares of Msci by 34.6% in the 2nd quarter. First Horizon Advisors Inc. now owns 109 shares of the technology company's stock valued at $36,000 after buying an additional 28 shares during the last quarter. Shine Investment Advisory Services Inc. boosted its holdings in shares of Msci by 57.7% in the 2nd quarter. Shine Investment Advisory Services Inc. now owns 164 shares of the technology company's stock valued at $55,000 after buying an additional 60 shares during the last quarter. Finally, Balentine LLC acquired a new stake in shares of Msci in the 1st quarter valued at approximately $56,000. 91.86% of the stock is currently owned by hedge funds and other institutional investors.
NYSE:MSCI opened at $362.67 on Tuesday. The company has a market cap of $30.33 billion, a price-to-earnings ratio of 59.16 and a beta of 0.86. The company has a fifty day simple moving average of $352.26 and a two-hundred day simple moving average of $343.86. Msci has a 52 week low of $214.12 and a 52 week high of $398.49.
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.
Featured Story: Why do analysts give a neutral rating?
Get a free copy of the Zacks research report on Msci (MSCI)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected]
Top Ten Brokerages You Can Trust
There are more than 500 brokerages and research houses that hire analysts to issue ratings and recommendations. Collectively, these brokerages and their analysts publish approximately 175,000 ratings each year. Every trading day, there are nearly 700 reports and recommendations that are released to the public. To say that it's difficult to separate the signal from the noise when interpreting this data would be an understatement.
MarketBeat has developed a system to track each brokerage and research house's stock recommendations and score them based on their past performance. If Goldman Sachs predicted that Apple's stock price was going to hit $150.00 on a specific date, how accurate were they? If Bank of America issued a "strong buy" rating on a stock, how did that stock perform compared to the broader market over the following twelve months. This tracking system has been applied to the 650,000+ ratings that MarketBeat has tracked during the last five years to identify which brokerages you can really trust (and which you can safely ignore).
This slide show lists the 10 brokerages who have issued the most accurate analyst recommendations over the past several years, as measured by the performance of their "buy" ratings and the accuracy of their price targets.
View the "Top Ten Brokerages You Can Trust".