Morningstar (NASDAQ:MORN) is scheduled to be announcing its earnings results after the market closes on Wednesday, October 23rd.
Morningstar (NASDAQ:MORN) last issued its quarterly earnings results on Thursday, July 25th. The business services provider reported $0.98 earnings per share for the quarter. Morningstar had a return on equity of 17.36% and a net margin of 16.52%. The firm had revenue of $273.90 million during the quarter.
Morningstar stock opened at $159.61 on Tuesday. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.63 and a quick ratio of 1.63. Morningstar has a one year low of $99.67 and a one year high of $162.53. The stock has a market capitalization of $6.70 billion, a PE ratio of 40.47 and a beta of 0.79. The business’s fifty day moving average is $153.89 and its 200 day moving average is $146.81.
In related news, insider Joseph D. Mansueto sold 13,078 shares of the stock in a transaction on Tuesday, August 6th. The stock was sold at an average price of $149.48, for a total transaction of $1,954,899.44. Following the sale, the insider now directly owns 21,705,857 shares of the company’s stock, valued at $3,244,591,504.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Joseph D. Mansueto sold 22,411 shares of the stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $156.42, for a total value of $3,505,528.62. Following the sale, the insider now directly owns 21,629,592 shares in the company, valued at $3,383,300,780.64. The disclosure for this sale can be found here. Insiders have sold 335,183 shares of company stock worth $51,776,407 over the last ninety days. 54.10% of the stock is currently owned by insiders.
Several research firms recently commented on MORN. ValuEngine cut Morningstar from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. BidaskClub raised Morningstar from a “strong sell” rating to a “sell” rating in a research report on Thursday, October 10th.
Morningstar Company Profile
Morningstar, Inc provides independent investment research services in North America, Europe, Australia, Canada, Asia, and internationally. It offers a line of data, research, and software tools on a range of investment offerings, including managed investment products, publicly listed companies, fixed income securities, private capital markets, and real-time global market data for financial advisors, asset managers, retirement plan providers and sponsors, and individual and institutional investors.
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