Analysts forecast that Moody's Co. (NYSE:MCO) will announce earnings per share (EPS) of $1.39 for the current quarter, according to Zacks Investment Research. 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 posted earnings of $1.23 per share in 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 quarterly earnings results before the market opens on Friday, February 9th.
On average, analysts expect that Moody's will report full-year earnings of $5.96 per share for the current year, with EPS estimates ranging from $5.81 to $6.16. For the next financial year, analysts expect that the business will report earnings of $6.52 per share, with EPS estimates ranging from $6.38 to $6.70. Zacks Investment Research’s EPS calculations are a mean average based on a survey of analysts that that provide coverage for Moody's.
Moody's (NYSE:MCO) last announced its quarterly earnings data 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. The business had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $992.81 million. Moody's had a negative return on equity of 187.20% and a net margin of 13.73%. The firm’s quarterly revenue was up 15.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.34 earnings per share.
A number of analysts have commented on MCO shares. 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 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 report on Friday, October 6th. BMO Capital Markets reissued a “hold” rating and issued a $143.00 target price on shares of Moody's in a report on Friday, October 13th. Cantor Fitzgerald reissued a “hold” rating and issued a $148.00 target price on shares of Moody's in a report on Monday, November 6th. Finally, UBS Group lifted their target price on Moody's from $142.00 to $150.00 and gave the stock a “neutral” rating in a report on Monday, November 6th. Seven analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $155.82.
Moody's (MCO) traded up $1.60 during trading on Tuesday, hitting $159.18. The company’s stock had a trading volume of 781,341 shares, compared to its average volume of 549,146. The company has a market cap of $30,419.30, a price-to-earnings ratio of 56.85, a price-to-earnings-growth ratio of 2.57 and a beta of 1.36. Moody's has a twelve month low of $98.25 and a twelve month high of $160.13. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of -32.57.
In related news, Director Darrell Duffie sold 500 shares of Moody's stock in a transaction on Friday, December 29th. The stock was sold at an average price of $147.93, for a total value of $73,965.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Ewald Kist sold 4,000 shares of Moody's stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $142.00, for a total value of $568,000.00. The disclosure for this sale can be found here. Insiders sold 5,000 shares of company stock valued at $715,930 in the last ninety days. 1.17% of the stock is currently owned by corporate insiders.
Institutional investors and hedge funds have recently modified their holdings of the stock. Grove Bank & Trust grew its holdings in shares of Moody's by 156.7% in the third quarter. Grove Bank & Trust now owns 901 shares of the business services provider’s stock worth $125,000 after acquiring an additional 550 shares during the period. Sun Life Financial INC grew its holdings in shares of Moody's by 12,200.0% in the second quarter. Sun Life Financial INC now owns 1,230 shares of the business services provider’s stock worth $150,000 after acquiring an additional 1,220 shares during the period. Salem Investment Counselors Inc. lifted its position in Moody's by 0.6% during the second quarter. Salem Investment Counselors Inc. now owns 1,346 shares of the business services provider’s stock valued at $164,000 after purchasing an additional 8 shares in the last quarter. First American Trust FSB purchased a new position in Moody's during the fourth quarter valued at $210,000. Finally, Invictus RG purchased a new position in Moody's during the third quarter valued at $199,000. 87.33% of the stock is owned by institutional investors.
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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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