Moody’s Co. (MCO) Expected to Announce Quarterly Sales of $1.11 Billion

Equities research analysts expect Moody’s Co. (NYSE:MCO) to post sales of $1.11 billion for the current fiscal quarter, Zacks reports. Four analysts have provided estimates for Moody’s’ earnings, with the lowest sales estimate coming in at $1.08 billion and the highest estimate coming in at $1.13 billion. Moody’s posted sales of $975.20 million during the same quarter last year, which would indicate a positive year over year growth rate of 13.8%. The business is scheduled to report its next earnings report before the market opens on Friday, April 27th.

According to Zacks, analysts expect that Moody’s will report full year sales of $4.67 billion for the current year, with estimates ranging from $4.56 billion to $4.72 billion. For the next year, analysts expect that the business will post sales of $4.95 billion per share, with estimates ranging from $4.84 billion to $5.06 billion. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that follow Moody’s.

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Moody’s (NYSE:MCO) last issued its quarterly earnings results on Friday, February 9th. The business services provider reported $1.51 EPS for the quarter, beating the consensus estimate of $1.45 by $0.06. The company had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.07 billion. Moody’s had a net margin of 23.80% and a negative return on equity of 319.45%. The firm’s revenue was up 23.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.23 EPS.



Several brokerages recently commented on MCO. Zacks Investment Research downgraded shares of Moody’s from a “buy” rating to a “hold” rating and set a $182.00 price target on the stock. in a report on Wednesday, April 11th. Barclays upped their price target on shares of Moody’s from $175.00 to $180.00 and gave the company an “overweight” rating in a report on Monday, February 12th. Cantor Fitzgerald reiterated a “hold” rating on shares of Moody’s in a report on Friday, February 9th. Morgan Stanley upped their price target on shares of Moody’s from $168.00 to $172.00 and gave the company an “equal weight” rating in a report on Thursday. Finally, Credit Suisse Group reiterated a “neutral” rating and set a $187.00 price target (up from $161.00) on shares of Moody’s in a report on Monday, February 12th. Nine investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $169.42.

In other Moody’s news, insider Raymond W. Mcdaniel sold 45,215 shares of the company’s stock in a transaction dated Friday, April 6th. The shares were sold at an average price of $159.73, for a total value of $7,222,191.95. Following the transaction, the insider now directly owns 149,011 shares in the company, valued at approximately $23,801,527.03. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Robert Fauber sold 3,500 shares of the company’s stock in a transaction dated Tuesday, March 6th. The stock was sold at an average price of $168.00, for a total transaction of $588,000.00. The disclosure for this sale can be found here. Insiders sold a total of 80,397 shares of company stock worth $12,943,423 over the last 90 days. Insiders own 1.00% of the company’s stock.

Hedge funds have recently modified their holdings of the business. Valeo Financial Advisors LLC lifted its position in shares of 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 worth $105,000 after purchasing an additional 684 shares during the period. Truewealth LLC purchased a new stake in shares of Moody’s in the 4th quarter worth approximately $105,000. Delpha Capital Management LLC purchased a new stake in shares of Moody’s in the 4th quarter worth approximately $117,000. Tower Research Capital LLC TRC purchased a new stake in shares of Moody’s in the 4th quarter worth approximately $192,000. Finally, BTR Capital Management Inc. purchased a new stake in shares of Moody’s in the 4th quarter worth approximately $202,000. Institutional investors and hedge funds own 88.51% of the company’s stock.

NYSE:MCO traded up $1.99 during mid-day trading on Friday, hitting $164.88. 159,199 shares of the stock traded hands, compared to its average volume of 789,975. The company has a market capitalization of $31,128.28, a price-to-earnings ratio of 26.84, a PEG ratio of 1.83 and a beta of 1.26. Moody’s has a 52 week low of $112.55 and a 52 week high of $171.68. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of -44.48.

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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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