Morningstar (MORN) Expected to Announce Quarterly Earnings on Wednesday

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

Morningstar Stock Down 1.4 %

Morningstar stock opened at $322.38 on Monday. The stock has a market cap of $13.82 billion, a PE ratio of 42.59 and a beta of 1.20. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.14 and a current ratio of 1.14. Morningstar has a one year low of $273.56 and a one year high of $365.00. The stock has a fifty day moving average of $330.24 and a 200 day moving average of $329.73.

Morningstar Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Friday, October 3rd will be issued a dividend of $0.455 per share. This represents a $1.82 annualized dividend and a yield of 0.56%. The ex-dividend date of this dividend is Friday, October 3rd. This is a positive change from Morningstar’s previous quarterly dividend of $0.41. Morningstar’s payout ratio is currently 24.04%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered Morningstar from a “buy” rating to a “hold” rating in a report on Monday, February 17th.

Insider Buying and Selling at Morningstar

In other news, CFO Jason Dubinsky sold 3,223 shares of the company’s stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $352.88, for a total value of $1,137,332.24. Following the completion of the transaction, the chief financial officer now owns 17,304 shares of the company’s stock, valued at $6,106,235.52. This represents a 15.70 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Chairman Joseph D. Mansueto sold 9,062 shares of the company’s stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $355.22, for a total value of $3,219,003.64. Following the completion of the transaction, the chairman now directly owns 10,738,224 shares of the company’s stock, valued at approximately $3,814,431,929.28. This trade represents a 0.08 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 32,168 shares of company stock valued at $10,840,546. Company insiders own 39.90% of the company’s stock.

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.