$1.59 EPS Expected for Msci Inc (NYSE:MSCI) This Quarter

Analysts expect Msci Inc (NYSE:MSCI) to announce earnings per share of $1.59 for the current fiscal quarter, Zacks reports. Four analysts have provided estimates for Msci’s earnings. The highest EPS estimate is $1.62 and the lowest is $1.55. Msci posted earnings per share of $1.35 in the same quarter last year, which would suggest a positive year-over-year growth rate of 17.8%. The business is expected to issue its next quarterly earnings report before the market opens on Thursday, October 31st.

On average, analysts expect that Msci will report full-year earnings of $6.30 per share for the current year, with EPS estimates ranging from $6.25 to $6.39. For the next year, analysts forecast that the business will post earnings of $7.10 per share, with EPS estimates ranging from $6.85 to $7.27. Zacks’ earnings per share averages are a mean average based on a survey of research firms that follow Msci.

Msci (NYSE:MSCI) last released its quarterly earnings results on Thursday, August 1st. The technology company reported $1.54 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.51 by $0.03. Msci had a net margin of 39.27% and a negative return on equity of 599.92%. The company had revenue of $385.56 million for the quarter, compared to analysts’ expectations of $382.81 million. During the same period last year, the company earned $1.30 EPS. The firm’s revenue for the quarter was up 6.2% compared to the same quarter last year.

Several equities research analysts have issued reports on the stock. Atlantic Securities assumed coverage on shares of Msci in a research note on Wednesday, September 25th. They set a “neutral” rating and a $235.00 price target on the stock. ValuEngine cut shares of Msci from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Buckingham Research decreased their target price on shares of Msci from $222.00 to $218.00 and set a “neutral” rating on the stock in a research report on Friday, October 11th. Morgan Stanley raised their target price on shares of Msci from $223.00 to $240.00 and gave the stock an “equal weight” rating in a research report on Friday, July 19th. Finally, UBS Group raised their target price on shares of Msci from $235.00 to $238.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 2nd. Seven analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Msci currently has a consensus rating of “Hold” and an average target price of $226.00.

Msci stock opened at $228.38 on Friday. Msci has a 12-month low of $134.28 and a 12-month high of $247.57. The stock has a market capitalization of $19.39 billion, a P/E ratio of 42.69, a P/E/G ratio of 3.57 and a beta of 1.12. The firm’s 50-day moving average is $227.14 and its two-hundred day moving average is $227.38.

Institutional investors and hedge funds have recently bought and sold shares of the company. Next Capital Management LLC purchased a new stake in shares of Msci during the second quarter valued at approximately $25,000. Capital Investment Advisory Services LLC purchased a new stake in shares of Msci during the second quarter valued at approximately $33,000. Commonwealth Bank of Australia raised its stake in shares of Msci by 32.0% during the second quarter. Commonwealth Bank of Australia now owns 231 shares of the technology company’s stock valued at $53,000 after purchasing an additional 56 shares during the period. CSat Investment Advisory L.P. raised its stake in shares of Msci by 113.6% during the second quarter. CSat Investment Advisory L.P. now owns 220 shares of the technology company’s stock valued at $53,000 after purchasing an additional 117 shares during the period. Finally, Ossiam purchased a new stake in shares of Msci during the second quarter valued at approximately $59,000. Institutional investors own 91.80% 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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