Wall Street analysts expect Moody's Co. (NYSE:MCO) to report earnings per share (EPS) of $1.73 for the current fiscal quarter, according to Zacks. Four analysts have issued estimates for Moody's’ earnings. The lowest EPS estimate is $1.57 and the highest is $1.89. Moody's reported earnings of $1.47 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 17.7%. The business is scheduled to report its next earnings report on Friday, May 4th.
On average, analysts expect that Moody's will report full-year earnings of $7.53 per share for the current financial year, with EPS estimates ranging from $6.54 to $7.80. For the next fiscal year, analysts expect that the business will post earnings of $8.34 per share, with EPS estimates ranging from $7.42 to $8.73. Zacks’ EPS averages are an average based on a survey of analysts that cover Moody's.
Moody's (NYSE:MCO) last announced its quarterly earnings results on Friday, February 9th. The business services provider reported $1.51 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.45 by $0.06. The business had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.07 billion. Moody's had a net margin of 23.80% and a negative return on equity of 319.45%. The business’s revenue was up 23.7% compared to the same quarter last year. During the same quarter last year, the firm earned $1.23 EPS.
A number of research firms recently weighed in on MCO. Argus increased their price objective on shares of Moody's to $190.00 and gave the stock a “buy” rating in a research report on Wednesday, February 14th. They noted that the move was a valuation call. Barclays increased their price objective on shares of Moody's from $175.00 to $180.00 and gave the stock an “overweight” rating in a research report on Monday, February 12th. Cantor Fitzgerald increased their price objective on shares of Moody's from $148.00 to $155.00 and gave the stock a “neutral” rating in a research report on Monday, February 12th. Credit Suisse Group reaffirmed a “neutral” rating and set a $187.00 price objective (up previously from $161.00) on shares of Moody's in a research report on Monday, February 12th. Finally, Wells Fargo & Co set a $160.00 price objective on shares of Moody's and gave the stock a “market perform” rating in a research report on Monday, February 12th. Eight analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $163.50.
In other Moody's news, Director Darrell Duffie sold 500 shares of the firm’s stock in a transaction that occurred on Friday, December 29th. The shares were sold at an average price of $147.93, for a total value of $73,965.00. Following the completion of the transaction, the director now owns 21,336 shares of the company’s stock, valued at approximately $3,156,234.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders sold a total of 1,005 shares of company stock valued at $148,738 in the last three months. 1.17% of the stock is currently owned by corporate insiders.
A number of hedge funds have recently modified their holdings of the business. Elkfork Partners LLC purchased a new position in Moody's in the 4th quarter valued at approximately $617,000. Penbrook Management LLC purchased a new position in Moody's in the 4th quarter valued at approximately $2,310,000. Xact Kapitalforvaltning AB boosted its position in Moody's by 6.2% in the 4th quarter. Xact Kapitalforvaltning AB now owns 36,975 shares of the business services provider’s stock valued at $5,458,000 after buying an additional 2,174 shares during the period. Envestnet Asset Management Inc. boosted its position in Moody's by 17.4% in the 4th quarter. Envestnet Asset Management Inc. now owns 58,003 shares of the business services provider’s stock valued at $8,562,000 after buying an additional 8,584 shares during the period. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its position in Moody's by 4.7% in the 4th quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 93,552 shares of the business services provider’s stock valued at $13,809,000 after buying an additional 4,229 shares during the period. 87.92% of the stock is owned by institutional investors.
Moody's (NYSE MCO) traded up $2.05 during trading hours on Monday, hitting $169.30. 668,952 shares of the company were exchanged, compared to its average volume of 886,469. The company has a debt-to-equity ratio of -48.22, a current ratio of 1.25 and a quick ratio of 1.15. The stock has a market cap of $32,340.00, a PE ratio of 43.63, a P/E/G ratio of 1.98 and a beta of 1.36. Moody's has a 1 year low of $110.11 and a 1 year high of $170.62.
The firm also recently declared a quarterly dividend, which will be paid on Monday, March 12th. Shareholders of record on Tuesday, February 20th will be given a $0.44 dividend. This represents a $1.76 annualized dividend and a yield of 1.04%. The ex-dividend date of this dividend is Friday, February 16th. This is a boost from Moody's’s previous quarterly dividend of $0.38. Moody's’s dividend payout ratio (DPR) is currently 45.36%.
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Moody’s Corporation (Moody’s) is a provider of credit ratings; credit, capital markets and economic related research, data and analytical tools; software solutions and related risk management services, quantitative credit risk measures, financial services training and certification services, and research and analytical services to financial institution customers.
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