Morningstar (NASDAQ:MORN – Get Free Report) announced its quarterly earnings results on Wednesday. The business services provider reported $2.01 earnings per share for the quarter, Zacks reports. Morningstar had a net margin of 10.13% and a return on equity of 21.79%. The business had revenue of $571.90 million during the quarter.
Morningstar Trading Up 6.5 %
Shares of MORN traded up $19.78 during trading on Thursday, reaching $324.78. 160,966 shares of the company traded hands, compared to its average volume of 118,372. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.66. The stock has a market cap of $13.88 billion, a PE ratio of 65.72 and a beta of 1.17. The stock has a 50-day simple moving average of $296.55 and a 200-day simple moving average of $293.92. Morningstar has a twelve month low of $213.38 and a twelve month high of $330.22.
Morningstar Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Friday, July 12th will be given a dividend of $0.405 per share. This represents a $1.62 dividend on an annualized basis and a dividend yield of 0.50%. The ex-dividend date is Friday, July 12th. Morningstar’s dividend payout ratio is presently 32.73%.
Insider Activity at Morningstar
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.
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