Moody’s Corporation (NYSE:MCO) issued its earnings results on Friday, July 21st. The business services provider reported $1.51 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.33 by $0.18, Bloomberg Earnings reports. The business had revenue of $1 billion during the quarter, compared to analysts’ expectations of $968.78 million. Moody’s Corporation had a negative return on equity of 167.31% and a net margin of 12.63%. Moody’s Corporation’s revenue was up 7.7% compared to the same quarter last year. During the same quarter last year, the firm posted $1.30 earnings per share. Moody’s Corporation updated its FY17 guidance to $5.35-5.50 EPS.
Moody’s Corporation (NYSE:MCO) traded down 1.43% during trading on Wednesday, reaching $129.71. The company’s stock had a trading volume of 314,793 shares. The company has a market cap of $24.78 billion, a P/E ratio of 52.11 and a beta of 1.29. The company’s 50 day moving average price is $124.73 and its 200 day moving average price is $115.54. Moody’s Corporation has a 52 week low of $93.51 and a 52 week high of $135.20.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 12th. Shareholders of record on Tuesday, August 22nd will be issued a dividend of $0.38 per share. The ex-dividend date of this dividend is Friday, August 18th. This represents a $1.52 annualized dividend and a yield of 1.16%. Moody’s Corporation’s dividend payout ratio (DPR) is currently 61.29%.
Several analysts recently issued reports on MCO shares. BidaskClub lowered Moody’s Corporation from a “strong-buy” rating to a “buy” rating in a report on Thursday, June 22nd. Zacks Investment Research upgraded Moody’s Corporation from a “sell” rating to a “buy” rating and set a $140.00 price objective for the company in a report on Monday, July 17th. Morgan Stanley increased their price objective on Moody’s Corporation from $117.00 to $118.00 and gave the stock an “equal weight” rating in a report on Friday, April 28th. Barclays PLC increased their price objective on Moody’s Corporation from $118.00 to $128.00 and gave the stock an “equal weight” rating in a report on Wednesday, June 28th. Finally, Cantor Fitzgerald reiterated a “hold” rating and set a $116.00 price objective on shares of Moody’s Corporation in a report on Monday, May 8th. Six research analysts have rated the stock with a hold rating, two have given 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 target price of $127.13.
In other Moody’s Corporation news, insider Raymond W. Mcdaniel sold 61,667 shares of the business’s stock in a transaction dated Wednesday, May 17th. The shares were sold at an average price of $113.35, for a total transaction of $6,989,954.45. Following the sale, the insider now directly owns 308,761 shares of the company’s stock, valued at approximately $34,998,059.35. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Blair Worrall sold 11,384 shares of the business’s stock in a transaction dated 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 directly owns 19,359 shares in the company, valued at $2,221,638.84. The disclosure for this sale can be found here. Insiders have sold a total of 212,612 shares of company stock worth $25,104,433 over the last three months. Insiders own 1.17% of the company’s stock.
A number of large investors have recently modified their holdings of the company. Pensionfund DSM Netherlands acquired a new stake in shares of Moody’s Corporation during the first quarter valued at approximately $3,417,000. Pensionfund Sabic purchased a new stake in shares of Moody’s Corporation during the first quarter worth about $1,714,000. Kentucky Retirement Systems Insurance Trust Fund purchased a new stake in shares of Moody’s Corporation during the fourth quarter worth about $508,000. Kentucky Retirement Systems purchased a new stake in shares of Moody’s Corporation during the fourth quarter worth about $1,138,000. Finally, Teachers Advisors LLC boosted its stake in shares of Moody’s Corporation by 38.9% in the fourth quarter. Teachers Advisors LLC now owns 268,758 shares of the business services provider’s stock worth $25,336,000 after buying an additional 75,240 shares during the last quarter. 88.86% of the stock is currently owned by hedge funds and other institutional investors.
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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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