Previous close | 515.17 |
Open | 479.00 |
Bid | 0.00 x 900 |
Ask | 0.00 x 800 |
Day's range | 439.95 - 483.08 |
52-week range | 439.95 - 617.39 |
Volume | |
Avg. volume | 525,932 |
Market cap | 35.334B |
Beta (5Y monthly) | 1.04 |
PE ratio (TTM) | 31.04 |
EPS (TTM) | 14.37 |
Earnings date | 23 Jul 2024 - 29 Jul 2024 |
Forward dividend & yield | 6.40 (1.24%) |
Ex-dividend date | 15 Feb 2024 |
1y target est | 614.09 |
MSCI Inc (NYSE:MSCI) reported fiscal first-quarter revenue growth of 14.8% year-on-year to $679.97 million, missing the consensus of $684.14 million. The adjusted EPS of $3.52 beat the consensus of $3.45. The stock price dipped after the results. The total run-rate at March 31, 2024, rose 14.6% Y/Y to $2.73 billion. The organic recurring subscription run rate growth was 8.7%. The retention rate was 92.8% compared to 95.2% last year. Index operating revenues of the investment research firm rose 1
MSCI an investment support tool company, and LKQ a distributor of vehicle products, were the two top declining stocks in the Tuesday following disappointing financial reports. MSCI reported first-quarter adjusted earnings of $3.52 a share on Tuesday, which was above the estimates of analysts surveyed by FactSet of $3.47 a share. “ MSCI first-quarter financial results affirm that we can deliver solid earnings amid continued operating environment challenges,” Chief Executive Henry Fernandez said in the earnings release.
MSCI's first-quarter 2024 results benefit from strong growth in recurring subscription revenues.