Brokerages predict that Moody’s Co. (NYSE:MCO) will report sales of $1.41 billion for the current quarter, according to Zacks Investment Research. Six analysts have provided estimates for Moody’s’ earnings, with the lowest sales estimate coming in at $1.39 billion and the highest estimate coming in at $1.43 billion. Moody’s reported sales of $1.36 billion in the same quarter last year, which would suggest a positive year-over-year growth rate of 3.7%. The business is scheduled to issue its next earnings report on Thursday, November 4th.
According to Zacks, analysts expect that Moody’s will report full year sales of $5.97 billion for the current fiscal year, with estimates ranging from $5.93 billion to $6.03 billion. For the next fiscal year, analysts anticipate that the firm will report sales of $6.37 billion, with estimates ranging from $6.14 billion to $6.58 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that follow Moody’s.
Moody’s (NYSE:MCO) last issued its earnings results on Wednesday, July 28th. The business services provider reported $3.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.76 by $0.46. The business had revenue of $1.55 billion during the quarter, compared to analysts’ expectations of $1.49 billion. Moody’s had a net margin of 36.11% and a return on equity of 111.33%.
Shares of Moody’s stock opened at $376.27 on Friday. The company has a debt-to-equity ratio of 2.67, a quick ratio of 2.31 and a current ratio of 2.31. The stock has a market capitalization of $70.06 billion, a PE ratio of 33.90, a price-to-earnings-growth ratio of 3.23 and a beta of 1.15. Moody’s has a 52-week low of $253.17 and a 52-week high of $388.81. The company has a 50-day simple moving average of $379.12 and a two-hundred day simple moving average of $347.97.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 10th. Investors of record on Friday, August 20th were given a dividend of $0.62 per share. The ex-dividend date was Thursday, August 19th. This represents a $2.48 annualized dividend and a yield of 0.66%. Moody’s’s dividend payout ratio (DPR) is 24.43%.
In other Moody’s news, CEO Robert Fauber sold 447 shares of the company’s stock in a transaction that occurred on Wednesday, September 1st. The shares were sold at an average price of $380.31, for a total value of $169,998.57. Following the completion of the transaction, the chief executive officer now directly owns 53,916 shares in the company, valued at $20,504,793.96. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Mark Kaye sold 3,133 shares of the company’s stock in a transaction that occurred on Monday, August 16th. The stock was sold at an average price of $379.69, for a total transaction of $1,189,568.77. Following the completion of the transaction, the chief financial officer now owns 4,901 shares of the company’s stock, valued at $1,860,860.69. The disclosure for this sale can be found here. Over the last quarter, insiders sold 6,266 shares of company stock valued at $2,371,014. Company insiders own 0.50% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in MCO. Arkadios Wealth Advisors lifted its holdings in shares of Moody’s by 650.0% in the second quarter. Arkadios Wealth Advisors now owns 90 shares of the business services provider’s stock worth $32,000 after buying an additional 78 shares in the last quarter. Certified Advisory Corp purchased a new stake in Moody’s during the first quarter valued at $35,000. Kempen Capital Management N.V. raised its stake in Moody’s by 86.0% during the second quarter. Kempen Capital Management N.V. now owns 106 shares of the business services provider’s stock valued at $38,000 after purchasing an additional 49 shares in the last quarter. Parisi Gray Wealth Management purchased a new stake in Moody’s during the second quarter valued at $41,000. Finally, Hilton Capital Management LLC purchased a new stake in Moody’s during the first quarter valued at $60,000. 90.93% of the stock is currently owned by hedge funds and other institutional investors.
Moody’s Company Profile
Moody’s Corp. engages in the provision of credit ratings, research, tools and analysis to the global capital markets. It operates through the following segments: Moody’s Investors Service (MIS) and Moody’s Analytics (MA). The MIS segment is a credit rating agency, which publishes credit ratings on debt obligations and the entities, including various corporate and governmental obligations, structured finance securities and commercial paper programs.
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