Moody's (MCO) to Release Earnings on Friday

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.

Earnings History for Moody's (NYSE:MCO)

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