MSCI (MSCI) Tops Q2 EPS by 2c, Revenues Beat

MSCI (NYSE: MSCI) reported Q2 EPS of $1.30, $0.02 better than the analyst estimate of $1.28. Revenue for the quarter came in at $363.05 million versus the consensus estimate of $356.12 million.

• Operating revenues up 14.9%; recurring subscription revenues up 10.0%; asset-based fees up 30.4%.
• Diluted EPS of $1.28, up 43.8%; Adjusted EPS of $1.30, up 36.8%.
• Quarter‐end AUM of $744.7 billion in ETFs linked to MSCI indexes; up 19.3% compared to prior year. AUM of $763.0 billion as of July 31, 2018.
• Total Run Rate up 12.0% to $1,411.7 million, driven by asset-based fees Run Rate, up 21.4%, and subscription Run Rate, up 9.5%. Organic subscription Run Rate growth was 10.2%.
• Continued strong retention with total Retention Rate at 94.1%.
• Board of Directors (“Board”) approved a 52.6% increase to quarterly dividend to $0.58 per share payable in the third quarter; payout ratio target increased to a range of 40% to 50% of Adjusted EPS.
• Issued $500 million of senior unsecured notes due 2027, bringing total cash to $1.4 billion.

For earnings history and earnings-related data on MSCI (MSCI) click here.

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