Morningstar (MORN) Expected to Announce Earnings on Wednesday

Morningstar (NASDAQ:MORN) is anticipated to post its quarterly earnings results after the market closes on Wednesday, February 26th. Analysts expect Morningstar to post earnings of $1.99 per share and revenue of $580.81 million for the quarter.

Morningstar Stock Up 1.1 %

MORN opened at $328.72 on Wednesday. Morningstar has a 1-year low of $269.51 and a 1-year high of $365.00. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.55. The stock has a market capitalization of $14.10 billion, a price-to-earnings ratio of 43.42 and a beta of 1.20. The business has a 50 day moving average of $332.66 and a 200-day moving average of $329.30.

Morningstar Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Friday, October 3rd will be given a $0.455 dividend. This is a boost from Morningstar’s previous quarterly dividend of $0.41. This represents a $1.82 annualized dividend and a yield of 0.55%. The ex-dividend date of this dividend is Friday, October 3rd. Morningstar’s dividend payout ratio (DPR) is 24.04%.

Insider Buying and Selling

In other news, CFO Jason Dubinsky sold 3,223 shares of the business’s stock in a transaction on Friday, December 13th. The shares were sold at an average price of $352.88, for a total value of $1,137,332.24. Following the sale, the chief financial officer now owns 17,304 shares in the company, valued at approximately $6,106,235.52. The trade was a 15.70 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Joseph D. Mansueto sold 1,280 shares of the business’s stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $320.57, for a total transaction of $410,329.60. Following the completion of the sale, the chairman now owns 10,130,378 shares in the company, valued at $3,247,495,275.46. This represents a 0.01 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 23,106 shares of company stock valued at $7,878,540 over the last ninety days. 39.90% of the stock is owned by company insiders.

Analysts Set New Price Targets

Separately, StockNews.com cut Morningstar from a “buy” rating to a “hold” rating in a research report on Monday. Two investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, Morningstar currently has a consensus rating of “Moderate Buy” and a consensus target price 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.