Moody’s (NYSE:MCO) Issues FY20 Earnings Guidance

Moody’s (NYSE:MCO) issued an update on its FY20 earnings guidance on Wednesday morning. The company provided EPS guidance of $9.10-9.30 for the period, compared to the Thomson Reuters consensus EPS estimate of $9.10. The company issued revenue guidance of mid single digits (cons +5%), compared to the consensus revenue estimate of $5.07 billion.Moody’s also updated its FY 2020
Pre-Market guidance to 9.10-9.30 EPS.

NYSE:MCO traded up $5.06 during trading hours on Friday, hitting $277.83. 931,939 shares of the company’s stock traded hands, compared to its average volume of 739,963. The firm has a market cap of $51.77 billion, a P/E ratio of 40.68, a P/E/G ratio of 2.97 and a beta of 1.21. Moody’s has a 52 week low of $166.01 and a 52 week high of $278.00. The business’s fifty day simple moving average is $253.86 and its two-hundred day simple moving average is $226.77. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 7.50.

Moody’s (NYSE:MCO) last posted its quarterly earnings data on Wednesday, February 12th. The business services provider reported $2.00 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.92 by $0.08. The company had revenue of $1.23 billion during the quarter, compared to analyst estimates of $1.21 billion. Moody’s had a return on equity of 270.17% and a net margin of 28.20%. The firm’s quarterly revenue was up 16.3% on a year-over-year basis. During the same quarter last year, the company earned $1.63 earnings per share. On average, analysts expect that Moody’s will post 8.2 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 18th. Investors of record on Tuesday, February 25th will be paid a dividend of $0.56 per share. This is a positive change from Moody’s’s previous quarterly dividend of $0.50. The ex-dividend date is Monday, February 24th. This represents a $2.24 annualized dividend and a yield of 0.81%. Moody’s’s dividend payout ratio (DPR) is currently 27.06%.

Several equities research analysts have issued reports on MCO shares. Wells Fargo & Co lifted their price target on Moody’s from $215.00 to $275.00 and gave the stock an equal weight rating in a research note on Thursday. Zacks Investment Research raised Moody’s from a hold rating to a buy rating and set a $240.00 price target for the company in a research note on Wednesday, November 20th. William Blair reaffirmed an outperform rating on shares of Moody’s in a research note on Thursday, October 31st. Barclays reaffirmed a buy rating and set a $260.00 price target on shares of Moody’s in a research note on Wednesday, December 18th. Finally, Morgan Stanley raised Moody’s from an underweight rating to an equal weight rating and lifted their price target for the stock from $181.00 to $224.00 in a research note on Tuesday, January 7th. Six research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The company currently has a consensus rating of Buy and an average price target of $251.64.

In other news, EVP John J. Goggins sold 8,508 shares of Moody’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $237.08, for a total value of $2,017,076.64. Following the transaction, the executive vice president now owns 61,934 shares in the company, valued at $14,683,312.72. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP John J. Goggins sold 7,673 shares of Moody’s stock in a transaction dated Thursday, January 30th. The stock was sold at an average price of $259.88, for a total value of $1,994,059.24. Following the completion of the transaction, the executive vice president now owns 49,578 shares in the company, valued at approximately $12,884,330.64. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 19,902 shares of company stock valued at $5,004,457. Corporate insiders own 0.90% of the company’s stock.

Moody’s Company Profile

Moody's Corporation provides credit ratings; and credit, capital markets, and economic research, data, and analytical tools worldwide. It operates through two segments, Moody's Investors Service and Moody's Analytics. The Moody's Investors Service segment publishes credit ratings on various debt obligations and entities that issue such obligations, such as various corporate and governmental obligations, structured finance securities, and commercial paper programs.

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