Moody's (NYSE:MCO) will release its earnings data before the market opens on Friday, February 9th. Analysts expect Moody's to post earnings of $1.38 per share for the quarter.
Moody's (NYSE:MCO) last announced its earnings results on Friday, November 3rd. The business services provider reported $1.52 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.37 by $0.15. Moody's had a net margin of 13.73% and a negative return on equity of 187.20%. The company had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $992.81 million. During the same period last year, the firm earned $1.34 earnings per share. The business’s revenue for the quarter was up 15.9% on a year-over-year basis. On average, analysts expect Moody's to post $6 EPS for the current fiscal year and $7 EPS for the next fiscal year.
Moody's (MCO) opened at $163.57 on Friday. Moody's has a fifty-two week low of $98.25 and a fifty-two week high of $167.23. The company has a market cap of $30,887.49, a P/E ratio of 57.78, a PEG ratio of 2.17 and a beta of 1.36. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of -32.57.
The firm also recently announced a quarterly dividend, which will be paid on Monday, March 12th. Stockholders of record on Tuesday, February 20th will be issued a dividend of $0.44 per share. 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. This represents a $1.76 annualized dividend and a dividend yield of 1.08%. Moody's’s dividend payout ratio (DPR) is currently 54.29%.
Several brokerages have recently commented on MCO. Nomura began coverage on shares of Moody's in a report on Thursday, January 11th. They set a “buy” rating and a $180.00 target price on the stock. Stifel Nicolaus began coverage on shares of Moody's in a research note on Tuesday, December 19th. They issued a “hold” rating and a $167.00 price objective on the stock. Cantor Fitzgerald reissued a “hold” rating and issued a $148.00 price objective on shares of Moody's in a research note on Wednesday, November 29th. Barclays raised shares of Moody's from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $150.00 to $165.00 in a research note on Friday, November 17th. Finally, Argus lifted their price objective on shares of Moody's to $165.00 and gave the company a “buy” rating in a research note on Thursday, November 9th. Seven investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. Moody's has a consensus rating of “Buy” and a consensus price target of $155.82.
In other Moody's news, Director Ewald Kist sold 4,000 shares of the business’s stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $142.00, for a total transaction of $568,000.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Darrell Duffie sold 500 shares of the business’s stock in a transaction on Saturday, December 29th. The stock was sold at an average price of $147.93, for a total transaction of $73,965.00. Following the sale, the director now directly owns 21,336 shares in the company, valued at approximately $3,156,234.48. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 5,005 shares of company stock worth $716,738. Insiders own 1.17% of the company’s stock.
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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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