Brokerages expect Moody’s Corporation (NYSE:MCO) to announce $1.33 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for Moody’s Corporation’s earnings, with estimates ranging from $1.23 to $1.39. Moody’s Corporation reported earnings of $1.30 per share in the same quarter last year, which suggests a positive year-over-year growth rate of 2.3%. The business is expected to report its next earnings report before the market opens on Friday, July 21st.
According to Zacks, analysts expect that Moody’s Corporation will report full-year earnings of $5.32 per share for the current financial year, with EPS estimates ranging from $5.25 to $5.45. For the next fiscal year, analysts forecast that the firm will post earnings of $5.78 per share, with EPS estimates ranging from $5.60 to $6.05. Zacks’ earnings per share averages are an average based on a survey of research firms that that provide coverage for Moody’s Corporation.
Moody’s Corporation (NYSE:MCO) last issued its quarterly earnings results on Friday, May 5th. The business services provider reported $1.47 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.24 by $0.23. The firm had revenue of $975.20 million for the quarter, compared to analyst estimates of $914.27 million. Moody’s Corporation had a negative return on equity of 167.79% and a net margin of 11.37%. The business’s revenue was up 19.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.93 earnings per share.
MCO has been the subject of several research analyst reports. BidaskClub raised Moody’s Corporation from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 30th. Zacks Investment Research raised Moody’s Corporation from a “hold” rating to a “buy” rating and set a $126.00 price objective for the company in a research note on Tuesday, March 21st. Cantor Fitzgerald reissued a “hold” rating and set a $116.00 price target on shares of Moody’s Corporation in a research report on Monday, May 8th. Morgan Stanley raised their price target on Moody’s Corporation from $117.00 to $118.00 and gave the stock an “equal weight” rating in a research report on Friday, April 28th. Finally, Barclays PLC reissued a “hold” rating and set a $118.00 price target on shares of Moody’s Corporation in a research report on Thursday, April 27th. Six equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $118.63.
Shares of Moody’s Corporation (MCO) traded up 0.37% during mid-day trading on Thursday, hitting $125.83. The stock had a trading volume of 327,095 shares. Moody’s Corporation has a 52-week low of $93.51 and a 52-week high of $125.99. The stock has a 50 day moving average price of $117.94 and a 200-day moving average price of $110.49. The company has a market cap of $24.07 billion, a PE ratio of 57.25 and a beta of 1.29.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 12th. Stockholders of record on Tuesday, August 22nd will be issued a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 1.21%. The ex-dividend date of this dividend is Friday, August 18th. Moody’s Corporation’s dividend payout ratio (DPR) is 70.05%.
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In other news, SVP Blair Worrall sold 11,384 shares of the firm’s stock in a transaction on Friday, May 19th. The stock was sold at an average price of $114.76, for a total transaction of $1,306,427.84. Following the sale, the senior vice president now owns 19,359 shares in the company, valued at $2,221,638.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Raymond W. Mcdaniel sold 61,667 shares of the firm’s stock in a transaction on Wednesday, May 17th. The stock was sold at an average price of $113.35, for a total value of $6,989,954.45. Following the sale, the insider now owns 308,761 shares in the company, valued at approximately $34,998,059.35. The disclosure for this sale can be found here. Insiders have sold 212,612 shares of company stock worth $25,104,433 in the last 90 days. Insiders own 1.17% of the company’s stock.
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Louisiana State Employees Retirement System boosted its position in shares of Moody’s Corporation by 1.0% in the second quarter. Louisiana State Employees Retirement System now owns 10,300 shares of the business services provider’s stock worth $1,253,000 after buying an additional 100 shares during the last quarter. Jarislowsky Fraser Ltd purchased a new position in shares of Moody’s Corporation during the second quarter worth $212,000. LS Investment Advisors LLC boosted its position in shares of Moody’s Corporation by 2.7% in the second quarter. LS Investment Advisors LLC now owns 5,269 shares of the business services provider’s stock worth $641,000 after buying an additional 140 shares during the last quarter. YCG LLC purchased a new position in shares of Moody’s Corporation during the second quarter worth $6,987,000. Finally, Vaughan Nelson Investment Management L.P. boosted its position in shares of Moody’s Corporation by 1.3% in the second quarter. Vaughan Nelson Investment Management L.P. now owns 279,477 shares of the business services provider’s stock worth $34,007,000 after buying an additional 3,551 shares during the last quarter. Hedge funds and other institutional investors own 88.62% of the company’s stock.
Moody’s Corporation 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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