Morningstar (MORN) Set to Announce Quarterly Earnings on Wednesday

Morningstar (NASDAQ:MORN) is scheduled to be issuing its quarterly earnings data after the market closes on Wednesday, October 23rd.

Morningstar (NASDAQ:MORN) last issued its quarterly earnings results on Wednesday, July 24th. The business services provider reported $2.01 earnings per share for the quarter. The firm had revenue of $571.90 million during the quarter. Morningstar had a net margin of 11.34% and a return on equity of 22.34%.

Morningstar Stock Up 0.5 %

Shares of NASDAQ:MORN opened at $344.28 on Wednesday. The stock has a market cap of $14.72 billion, a P/E ratio of 69.55 and a beta of 1.19. The firm has a fifty day moving average price of $316.16 and a 200 day moving average price of $305.29. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.05 and a quick ratio of 1.05. Morningstar has a 1-year low of $219.45 and a 1-year high of $349.07.

Morningstar Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Friday, October 4th will be given a dividend of $0.405 per share. The ex-dividend date is Friday, October 4th. This represents a $1.62 dividend on an annualized basis and a yield of 0.47%. Morningstar’s payout ratio is currently 32.73%.

Insider Activity at Morningstar

In related news, Chairman Joseph D. Mansueto sold 721 shares of the stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $312.94, for a total value of $225,629.74. Following the sale, the chairman now directly owns 10,532,253 shares of the company’s stock, valued at approximately $3,295,963,253.82. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Morningstar news, CRO Daniel Joseph Dunn sold 1,600 shares of the firm’s stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $320.89, for a total transaction of $513,424.00. Following the sale, the executive now directly owns 12,967 shares of the company’s stock, valued at $4,160,980.63. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Joseph D. Mansueto sold 721 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $312.94, for a total transaction of $225,629.74. Following the sale, the chairman now directly owns 10,532,253 shares in the company, valued at $3,295,963,253.82. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 59,541 shares of company stock valued at $18,399,192. Insiders own 39.90% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on MORN shares. Redburn Atlantic downgraded shares of Morningstar from a “buy” rating to a “neutral” rating and set a $340.00 price objective for the company. in a research report on Wednesday, October 9th. UBS Group initiated coverage on shares of Morningstar in a report on Tuesday, October 8th. They issued a “buy” rating and a $390.00 price target for the company. Finally, BMO Capital Markets reiterated an “outperform” rating and issued a $352.00 price target on shares of Morningstar in a report on Wednesday, August 28th. One analyst has rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $360.67.

Morningstar Company Profile

Morningstar, Inc provides independent investment insights in the United States, Asia. Australia, Continental Europe, the United Kingdom, and internationally. The company operates in five segments: Morningstar Data and Analytics; PitchBook; Morningstar Wealth; Morningstar Credit; and Morningstar Retirement.