MSCI (NYSE:MSCI) Releases Earnings Results, Beats Expectations By $0.08 EPS

MSCI (NYSE:MSCI - Get Free Report) announced its quarterly earnings results on Tuesday. The technology company reported $3.52 earnings per share for the quarter, beating analysts' consensus estimates of $3.44 by $0.08, Briefing.com reports. The business had revenue of $680.00 million for the quarter, compared to the consensus estimate of $685.47 million. MSCI had a net margin of 45.42% and a negative return on equity of 111.17%. MSCI's revenue for the quarter was up 14.8% on a year-over-year basis. During the same period last year, the company posted $3.14 EPS.

MSCI Stock Down 13.4 %

Shares of NYSE MSCI opened at $446.09 on Wednesday. MSCI has a 52 week low of $439.95 and a 52 week high of $617.39. The business has a 50-day simple moving average of $547.91 and a two-hundred day simple moving average of $539.08. The company has a market cap of $35.34 billion, a P/E ratio of 30.98, a P/E/G ratio of 2.58 and a beta of 1.06.

MSCI Dividend Announcement

The company also recently declared 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 of this dividend is Thursday, May 16th. This represents a $6.40 annualized dividend and a dividend yield of 1.43%. MSCI's payout ratio is 44.44%.

Analyst Ratings Changes

MSCI has been the topic of several research analyst reports. Wolfe Research initiated coverage on shares of MSCI in a report on Tuesday, March 26th. They set a "peer perform" rating on the stock. The Goldman Sachs Group raised their target price on shares of MSCI from $544.00 to $617.00 and gave the stock a "neutral" rating in a report on Wednesday, January 31st. Barclays raised their price target on shares of MSCI from $600.00 to $700.00 and gave the stock an "overweight" rating in a research note on Wednesday, January 31st. Oppenheimer reaffirmed a "market perform" rating on shares of MSCI in a research note on Wednesday. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and set a $638.00 price target on shares of MSCI in a research note on Friday, April 12th. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $575.27.

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.