Moody’s Co. (NYSE:MCO) announced a quarterly dividend on Tuesday, April 24th, RTT News reports. Stockholders of record on Monday, May 21st will be given a dividend of 0.44 per share by the business services provider on Monday, June 11th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.10%.
Moody’s has raised its dividend payment by an average of 10.7% per year over the last three years and has raised its dividend annually for the last 8 consecutive years. Moody’s has a payout ratio of 25.5% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Moody’s to earn $8.59 per share next year, which means the company should continue to be able to cover its $1.52 annual dividend with an expected future payout ratio of 17.7%.
Shares of MCO stock traded down $0.66 during trading hours on Wednesday, reaching $159.80. The company had a trading volume of 130,653 shares, compared to its average volume of 774,143. The company has a debt-to-equity ratio of -44.48, a current ratio of 1.25 and a quick ratio of 1.25. The firm has a market capitalization of $31,049.93, a PE ratio of 26.43, a price-to-earnings-growth ratio of 1.83 and a beta of 1.26. Moody’s has a 12-month low of $112.55 and a 12-month high of $171.68.
Moody’s (NYSE:MCO) last posted its quarterly earnings results on Friday, February 9th. The business services provider reported $1.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.45 by $0.06. The business had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.07 billion. Moody’s had a negative return on equity of 319.45% and a net margin of 23.80%. The business’s revenue was up 23.7% compared to the same quarter last year. During the same period in the prior year, the business earned $1.23 earnings per share. equities research analysts expect that Moody’s will post 7.74 EPS for the current year.
In related news, insider Robert Fauber sold 3,500 shares of the company’s stock in a transaction that occurred on Tuesday, March 6th. The stock was sold at an average price of $168.00, for a total value of $588,000.00. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Linda Huber sold 30,391 shares of the company’s stock in a transaction on Monday, March 5th. The stock was sold at an average price of $161.92, for a total value of $4,920,910.72. The disclosure for this sale can be found here. Insiders sold 80,397 shares of company stock worth $12,943,423 over the last quarter. 1.00% of the stock is currently owned by insiders.
MCO has been the subject of a number of analyst reports. Nomura initiated coverage on Moody’s in a research report on Thursday, January 11th. They issued a “buy” rating and a $180.00 price target for the company. Cantor Fitzgerald restated a “hold” rating on shares of Moody’s in a research report on Friday, February 9th. BMO Capital Markets upped their price target on Moody’s from $159.00 to $161.00 and gave the company a “market perform” rating in a research report on Friday, February 9th. Wells Fargo set a $160.00 price target on Moody’s and gave the company a “market perform” rating in a research report on Monday, February 12th. Finally, Credit Suisse Group restated a “neutral” rating and issued a $187.00 price target (up from $161.00) on shares of Moody’s in a research report on Monday, February 12th. Nine equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $170.25.
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Moody’s Company Profile
Moody's Corporation provides credit ratings; and credit, capital markets, and economic related research, data, and analytical tools worldwide. It operates through two segments, Moody's Investors Service and Moody's Analytics. The Moody's Investors Service segment publishes credit ratings on various debt obligations and entities that issue such obligations comprising various corporate and governmental obligations, structured finance securities, and commercial paper programs.
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