Moody's Co. (MCO) Expected to Announce Earnings of $1.39 Per Share

Analysts predict that Moody's Co. (NYSE:MCO) will announce earnings per share of $1.39 for the current quarter, Zacks reports. Four analysts have made estimates for Moody's’ earnings, with the highest EPS estimate coming in at $1.45 and the lowest estimate coming in at $1.35. Moody's reported earnings per share of $1.23 during the same quarter last year, which would suggest a positive year-over-year growth rate of 13%. The business is expected to report its next earnings report on Friday, February 16th.

According to Zacks, analysts expect that Moody's will report full-year earnings of $5.93 per share for the current year, with EPS estimates ranging from $5.81 to $6.00. For the next fiscal year, analysts anticipate that the company will report earnings of $6.52 per share, with EPS estimates ranging from $6.38 to $6.70. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research firms that that provide coverage for Moody's.

Moody's (NYSE:MCO) last announced its earnings results on Friday, November 3rd. The business services provider reported $1.52 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.37 by $0.15. Moody's had a negative return on equity of 187.20% and a net margin of 13.73%. The business had revenue of $1.06 billion for the quarter, compared to analyst estimates of $992.81 million. During the same quarter last year, the firm earned $1.34 EPS. Moody's’s revenue for the quarter was up 15.9% compared to the same quarter last year.

MCO has been the topic of a number of recent research reports. BMO Capital Markets reissued a “market perform” rating and issued a $136.00 target price (up previously from $135.00) on shares of Moody's in a research report on Wednesday, September 6th. Barclays lifted their target price on Moody's from $135.00 to $150.00 and gave the company an “equal weight” rating in a research report on Friday, September 15th. Piper Jaffray Companies reissued a “hold” rating and issued a $149.00 target price (up previously from $140.00) on shares of Moody's in a research report on Wednesday, October 4th. Morgan Stanley reissued an “equal weight” rating and issued a $135.00 target price (up previously from $134.00) on shares of Moody's in a research report on Friday, October 6th. Finally, Cantor Fitzgerald reissued a “hold” rating and issued a $148.00 target price on shares of Moody's in a research report on Monday, November 6th. Seven research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $153.40.

In other Moody's news, Director Ewald Kist sold 4,000 shares of the business’s stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $142.00, for a total transaction of $568,000.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 1.17% of the stock is owned by insiders.

Several large investors have recently bought and sold shares of the business. Dimensional Fund Advisors LP boosted its stake in shares of Moody's by 0.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 360,335 shares of the business services provider’s stock worth $43,846,000 after acquiring an additional 3,364 shares during the period. Vanguard Group Inc. boosted its stake in shares of Moody's by 2.9% during the 2nd quarter. Vanguard Group Inc. now owns 16,203,350 shares of the business services provider’s stock worth $1,971,623,000 after acquiring an additional 463,669 shares during the period. CAPROCK Group Inc. bought a new position in shares of Moody's during the 3rd quarter worth approximately $336,000. Fiera Capital Corp boosted its stake in shares of Moody's by 17.8% during the 2nd quarter. Fiera Capital Corp now owns 5,793,968 shares of the business services provider’s stock worth $705,010,000 after acquiring an additional 876,210 shares during the period. Finally, HighTower Advisors LLC boosted its stake in shares of Moody's by 20.5% during the 2nd quarter. HighTower Advisors LLC now owns 10,300 shares of the business services provider’s stock worth $1,250,000 after acquiring an additional 1,749 shares during the period. 87.32% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Moody's (NYSE MCO) traded down $0.21 during trading on Friday, reaching $147.61. The company had a trading volume of 410,912 shares, compared to its average volume of 664,134. Moody's has a 1-year low of $93.51 and a 1-year high of $153.86. The firm has a market cap of $28,248.40, a price-to-earnings ratio of 52.72, a PEG ratio of 2.61 and a beta of 1.36. The company has a debt-to-equity ratio of -32.57, a quick ratio of 1.15 and a current ratio of 1.15.

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 12th. Shareholders of record on Tuesday, November 21st were given a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 1.03%. The ex-dividend date of this dividend was Monday, November 20th. Moody's’s dividend payout ratio (DPR) is 54.29%.

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Moody's Company Profile

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

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