Analysts expect Moody’s Co. (NYSE:MCO) to post sales of $1.18 billion for the current quarter, according to Zacks Investment Research. Five analysts have issued estimates for Moody’s’ earnings. The lowest sales estimate is $1.15 billion and the highest is $1.22 billion. Moody’s also reported sales of $1.18 billion during the same quarter last year. The business is scheduled to issue its next earnings report on Friday, July 26th.
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 $4.58 billion to $4.71 billion. For the next year, analysts anticipate that the business will report sales of $4.96 billion, with estimates ranging from $4.83 billion to $5.08 billion. Zacks Investment Research’s sales 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 data on Wednesday, April 24th. The business services provider reported $2.07 EPS for the quarter, beating analysts’ consensus estimates of $1.88 by $0.19. Moody’s had a net margin of 29.38% and a return on equity of 281.55%. The company had revenue of $1.14 billion during the quarter, compared to analyst estimates of $1.13 billion. During the same period last year, the business earned $2.02 earnings per share. Moody’s’s revenue was up 1.4% compared to the same quarter last year.
MCO has been the subject of a number of research reports. Morgan Stanley boosted their price target on shares of Moody’s from $145.00 to $150.00 and gave the stock an “underweight” rating in a research note on Tuesday, June 11th. UBS Group boosted their price objective on shares of Moody’s from $170.00 to $198.00 and gave the stock a “neutral” rating in a report on Tuesday, April 9th. Wells Fargo & Co boosted their price objective on shares of Moody’s from $170.00 to $195.00 and gave the stock a “market perform” rating in a report on Thursday, April 25th. BMO Capital Markets boosted their price objective on shares of Moody’s from $189.00 to $194.00 and gave the stock a “market perform” rating in a report on Thursday, April 25th. Finally, Cantor Fitzgerald boosted their price objective on shares of Moody’s from $168.00 to $192.00 and gave the stock a “neutral” rating in a report on Thursday, April 25th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $184.50.
In related news, insider Robert Fauber sold 460 shares of the company’s stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $184.85, for a total transaction of $85,031.00. Following the completion of the sale, the insider now directly owns 47,406 shares in the company, valued at approximately $8,762,999.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Raymond W. Mcdaniel sold 55,422 shares of the company’s stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $182.23, for a total transaction of $10,099,551.06. Following the sale, the insider now owns 275,716 shares of the company’s stock, valued at $50,243,726.68. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 147,854 shares of company stock valued at $27,854,940. Company insiders own 0.90% of the company’s stock.
A number of large investors have recently bought and sold shares of the stock. BlackRock Inc. raised its holdings in Moody’s by 2.2% during the 1st quarter. BlackRock Inc. now owns 12,278,489 shares of the business services provider’s stock valued at $2,223,511,000 after buying an additional 265,811 shares during the last quarter. Fiera Capital Corp raised its holdings in Moody’s by 3.7% in the 1st quarter. Fiera Capital Corp now owns 6,406,787 shares of the business services provider’s stock worth $1,160,205,000 after purchasing an additional 230,386 shares in the last quarter. Baillie Gifford & Co. raised its holdings in Moody’s by 0.3% in the 1st quarter. Baillie Gifford & Co. now owns 6,012,312 shares of the business services provider’s stock worth $1,088,769,000 after purchasing an additional 17,364 shares in the last quarter. FMR LLC raised its holdings in Moody’s by 15.7% in the 1st quarter. FMR LLC now owns 4,583,309 shares of the business services provider’s stock worth $829,991,000 after purchasing an additional 620,741 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in Moody’s by 20.6% in the 4th quarter. Geode Capital Management LLC now owns 2,402,887 shares of the business services provider’s stock worth $335,962,000 after purchasing an additional 410,864 shares in the last quarter. Institutional investors own 92.80% of the company’s stock.
MCO stock traded up $2.35 during midday trading on Monday, reaching $202.61. The company had a trading volume of 277,104 shares, compared to its average volume of 1,055,544. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 17.70. Moody’s has a 1 year low of $129.26 and a 1 year high of $202.73. The company has a market cap of $37.97 billion, a P/E ratio of 27.42, a P/E/G ratio of 1.96 and a beta of 1.25. The company’s 50-day moving average is $190.40.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 10th. Stockholders of record on Monday, May 20th were issued a $0.50 dividend. The ex-dividend date was Friday, May 17th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.99%. Moody’s’s payout ratio is 27.06%.
Moody’s Company Profile
Moody's Corporation provides credit ratings; and credit, capital markets, and economic 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, such as various corporate and governmental obligations, structured finance securities, and commercial paper programs.
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