Equities research analysts expect Moody's Co. (NYSE:MCO) to report earnings per share (EPS) of $1.73 for the current quarter, Zacks Investment Research reports. Four analysts have made estimates for Moody's’ earnings. The lowest EPS estimate is $1.57 and the highest is $1.89. Moody's posted earnings of $1.47 per share during the same quarter last year, which suggests a positive year-over-year growth rate of 17.7%. The company is expected to report its next earnings report on Friday, May 4th.
According to Zacks, analysts expect that Moody's will report full year earnings of $7.53 per share for the current financial year, with EPS estimates ranging from $6.54 to $7.80. For the next financial year, analysts anticipate that the company will report earnings of $8.34 per share, with EPS estimates ranging from $7.42 to $8.73. Zacks Investment Research’s EPS averages are a mean average based on a survey of research firms that follow Moody's.
Moody's (NYSE:MCO) last released its quarterly earnings results on Friday, February 9th. The business services provider reported $1.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.45 by $0.06. Moody's had a net margin of 23.80% and a negative return on equity of 319.45%. The firm had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.07 billion. During the same quarter last year, the business earned $1.23 EPS. The company’s revenue was up 23.7% compared to the same quarter last year.
MCO has been the subject of several analyst reports. Nomura initiated coverage on shares of Moody's in a report on Thursday, January 11th. They set a “buy” rating and a $180.00 price target for the company. Stifel Nicolaus started coverage on shares of Moody's in a report on Tuesday, December 19th. They set a “hold” rating and a $167.00 price target for the company. Cantor Fitzgerald reaffirmed a “hold” rating and set a $148.00 price objective on shares of Moody's in a research report on Monday, November 6th. Credit Suisse Group raised their price objective on shares of Moody's from $137.00 to $161.00 and gave the stock a “neutral” rating in a research report on Monday, November 6th. Finally, Argus raised their price objective on shares of Moody's to $165.00 and gave the stock a “buy” rating in a research report on Thursday, November 9th. Eight research 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 stock. The stock currently has an average rating of “Hold” and an average price target of $163.50.
In other news, Director Darrell Duffie sold 500 shares of the firm’s stock in a transaction that occurred on Friday, December 29th. The shares were sold at an average price of $147.93, for a total transaction of $73,965.00. Following the completion of the sale, the director now owns 21,336 shares of the company’s stock, valued at approximately $3,156,234.48. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In the last ninety days, insiders have sold 1,005 shares of company stock valued at $148,738. Insiders own 1.17% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Valeo Financial Advisors LLC grew its position in Moody's by 2,358.6% in the 4th quarter. Valeo Financial Advisors LLC now owns 713 shares of the business services provider’s stock valued at $105,000 after purchasing an additional 684 shares during the period. Truewealth LLC acquired a new stake in Moody's in the 4th quarter valued at $105,000. Delpha Capital Management LLC acquired a new stake in Moody's in the 4th quarter valued at $117,000. Grove Bank & Trust grew its position in Moody's by 156.7% in the 3rd quarter. Grove Bank & Trust now owns 901 shares of the business services provider’s stock valued at $125,000 after purchasing an additional 550 shares during the period. Finally, Tower Research Capital LLC TRC acquired a new stake in Moody's in the 4th quarter valued at $192,000. 87.92% of the stock is owned by institutional investors and hedge funds.
Moody's (NYSE:MCO) traded up $1.22 during trading on Monday, reaching $168.21. 765,600 shares of the company’s stock traded hands, compared to its average volume of 889,636. The company has a current ratio of 1.25, a quick ratio of 1.15 and a debt-to-equity ratio of -48.22. Moody's has a 52-week low of $109.55 and a 52-week high of $169.06. The company has a market cap of $32,128.11, a price-to-earnings ratio of 32.66, a price-to-earnings-growth ratio of 1.99 and a beta of 1.36.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 12th. Stockholders of record on Tuesday, February 20th will be given a dividend of $0.44 per share. This is an increase from Moody's’s previous quarterly dividend of $0.38. The ex-dividend date is Friday, February 16th. This represents a $1.76 annualized dividend and a dividend yield of 1.05%. Moody's’s dividend payout ratio (DPR) is 29.51%.
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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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