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 Down 0.2 %

Shares of MORN stock opened at $321.98 on Tuesday. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.14 and a current ratio of 1.14. The stock has a market cap of $13.81 billion, a PE ratio of 42.53 and a beta of 1.20. The business’s fifty day moving average is $330.24 and its 200-day moving average is $329.93. Morningstar has a 1 year low of $281.37 and a 1 year high of $365.00.

Morningstar Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Friday, October 3rd will be issued a $0.455 dividend. This represents a $1.82 dividend on an annualized basis and a dividend yield of 0.57%. This is a boost from Morningstar’s previous quarterly dividend of $0.41. The ex-dividend date of this dividend is Friday, October 3rd. Morningstar’s payout ratio is presently 24.04%.

Insider Buying and Selling

In other news, Chairman Joseph D. Mansueto sold 1,280 shares of Morningstar stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $320.57, for a total transaction of $410,329.60. Following the transaction, the chairman now owns 10,130,378 shares in the company, valued at approximately $3,247,495,275.46. The trade was a 0.01 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Jason Dubinsky sold 3,223 shares of Morningstar 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 transaction, the chief financial officer now owns 17,304 shares in the company, valued at $6,106,235.52. This represents a 15.70 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 31,499 shares of company stock worth $10,373,523 in the last three months. 39.90% of the stock is currently owned by insiders.

Analyst Ratings Changes

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

About Morningstar

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.