Moody’s Co. Expected to Earn Q4 2022 Earnings of $2.37 Per Share (NYSE:MCO)

Moody’s Co. (NYSE:MCOGet Rating) – Oppenheimer decreased their Q4 2022 earnings per share (EPS) estimates for shares of Moody’s in a report released on Thursday, June 30th. Oppenheimer analyst O. Lau now anticipates that the business services provider will post earnings per share of $2.37 for the quarter, down from their previous forecast of $2.68. The consensus estimate for Moody’s’ current full-year earnings is $10.62 per share.

Moody’s (NYSE:MCOGet Rating) last issued its earnings results on Monday, May 2nd. The business services provider reported $2.89 EPS for the quarter, missing the consensus estimate of $2.90 by ($0.01). The company had revenue of $1.52 billion during the quarter, compared to the consensus estimate of $1.51 billion. Moody’s had a return on equity of 79.22% and a net margin of 32.18%. The firm’s revenue for the quarter was down 4.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $4.06 EPS.

A number of other analysts also recently issued reports on MCO. StockNews.com started coverage on Moody’s in a research report on Thursday, March 31st. They set a “hold” rating for the company. Credit Suisse Group dropped their price target on Moody’s from $395.00 to $350.00 in a research report on Tuesday, May 3rd. BMO Capital Markets dropped their price target on Moody’s from $331.00 to $309.00 in a research report on Thursday, June 2nd. Atlantic Securities cut Moody’s from an “overweight” rating to a “neutral” rating and decreased their price objective for the company from $370.00 to $298.00 in a report on Wednesday, June 8th. Finally, Morgan Stanley decreased their price objective on Moody’s from $318.00 to $305.00 and set an “equal weight” rating on the stock in a report on Thursday, June 2nd. Six analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $338.58.

Shares of MCO opened at $280.05 on Monday. The company has a market cap of $51.67 billion, a PE ratio of 26.52, a price-to-earnings-growth ratio of 2.35 and a beta of 1.19. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 2.82. The stock has a 50-day moving average price of $285.34 and a 200-day moving average price of $322.20. Moody’s has a 12-month low of $251.01 and a 12-month high of $407.94.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 10th. Stockholders of record on Friday, May 20th were given a $0.70 dividend. The ex-dividend date of this dividend was Thursday, May 19th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 1.00%. Moody’s’s dividend payout ratio is currently 26.52%.

In other news, Director Raymond W. Mcdaniel sold 10,000 shares of Moody’s stock in a transaction that occurred on Friday, May 6th. The stock was sold at an average price of $299.41, for a total value of $2,994,100.00. Following the sale, the director now directly owns 57,503 shares in the company, valued at approximately $17,216,973.23. The sale was disclosed in a filing with the SEC, which is available through this link. 0.38% of the stock is currently owned by company insiders.

Hedge funds have recently modified their holdings of the company. Ellevest Inc. boosted its position in shares of Moody’s by 10.3% during the first quarter. Ellevest Inc. now owns 580 shares of the business services provider’s stock valued at $196,000 after purchasing an additional 54 shares in the last quarter. PGGM Investments boosted its position in shares of Moody’s by 4.3% during the fourth quarter. PGGM Investments now owns 96,282 shares of the business services provider’s stock valued at $37,606,000 after purchasing an additional 4,011 shares in the last quarter. Allspring Global Investments Holdings LLC bought a new stake in shares of Moody’s during the fourth quarter valued at approximately $7,451,000. Addenda Capital Inc. boosted its position in shares of Moody’s by 9.2% during the first quarter. Addenda Capital Inc. now owns 12,521 shares of the business services provider’s stock valued at $4,225,000 after purchasing an additional 1,053 shares in the last quarter. Finally, Nordea Investment Management AB boosted its position in shares of Moody’s by 0.9% during the first quarter. Nordea Investment Management AB now owns 253,571 shares of the business services provider’s stock valued at $87,117,000 after purchasing an additional 2,381 shares in the last quarter. Hedge funds and other institutional investors own 91.43% of the company’s stock.

Moody’s Company Profile (Get Rating)

Moody's Corporation operates as an integrated risk assessment firm worldwide. It operates in two segments, Moody's Investors Service and Moody's Analytics. The Moody's Investors Service segment publishes credit ratings and provides assessment services on various debt obligations, programs and facilities, and entities that issue such obligations, such as various corporate, financial institution, and governmental obligations, as well as and structured finance securities.

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Earnings History and Estimates for Moody's (NYSE:MCO)

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