Analysts expect Moody’s Co. (NYSE:MCO) to report $1.18 billion in sales for the current quarter, Zacks Investment Research reports. Five analysts have provided estimates for Moody’s’ earnings, with the highest sales estimate coming in at $1.22 billion and the lowest estimate coming in at $1.15 billion. Moody’s also posted sales of $1.18 billion in the same quarter last year. The company is expected to report its next quarterly earnings results on Friday, July 26th.
On average, analysts expect that Moody’s will report full year sales of $4.67 billion for the current year, with estimates ranging from $4.59 billion to $4.71 billion. For the next financial year, analysts anticipate that the company will report sales of $4.96 billion, with estimates ranging from $4.84 billion to $5.08 billion. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that follow Moody’s.
Moody’s (NYSE:MCO) last announced its earnings results on Wednesday, April 24th. The business services provider reported $2.07 EPS for the quarter, topping the consensus estimate of $1.88 by $0.19. The firm had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.13 billion. Moody’s had a net margin of 29.38% and a return on equity of 281.55%. The business’s quarterly revenue was up 1.4% on a year-over-year basis. During the same quarter last year, the firm posted $2.02 EPS.
MCO has been the topic of several research reports. BMO Capital Markets boosted their price objective on shares of Moody’s to $172.00 and gave the stock a “market perform” rating in a report on Tuesday, February 19th. Cantor Fitzgerald restated a “hold” rating and set a $168.00 price objective on shares of Moody’s in a report on Wednesday, April 24th. ValuEngine upgraded shares of Moody’s from a “hold” rating to a “buy” rating in a report on Tuesday, March 19th. Piper Jaffray Companies boosted their price objective on shares of Moody’s from $178.00 to $205.00 and gave the stock a “neutral” rating in a report on Friday, April 5th. Finally, 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. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $183.00.
MCO traded up $2.94 during trading on Thursday, hitting $187.71. The stock had a trading volume of 688,981 shares, compared to its average volume of 913,143. The company has a market capitalization of $34.94 billion, a PE ratio of 25.40, a price-to-earnings-growth ratio of 2.25 and a beta of 1.30. Moody’s has a 12 month low of $129.26 and a 12 month high of $197.73. The company has a debt-to-equity ratio of 17.70, a current ratio of 1.45 and a quick ratio of 1.45.
The firm also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Monday, May 20th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Friday, May 17th. This represents a $2.00 annualized dividend and a dividend yield of 1.07%. Moody’s’s dividend payout ratio (DPR) is currently 27.06%.
In other news, insider Robert Fauber sold 460 shares of Moody’s stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $184.85, for a total transaction of $85,031.00. Following the sale, the insider now directly owns 47,406 shares in the company, valued at approximately $8,762,999.10. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Raymond W. Mcdaniel sold 44,146 shares of Moody’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $175.20, for a total transaction of $7,734,379.20. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 173,224 shares of company stock worth $32,121,975. 0.90% of the stock is owned by company insiders.
Institutional investors have recently modified their holdings of the company. Cobblestone Capital Advisors LLC NY boosted its position in Moody’s by 1.1% in the first quarter. Cobblestone Capital Advisors LLC NY now owns 59,608 shares of the business services provider’s stock valued at $10,794,000 after buying an additional 661 shares in the last quarter. Manning & Napier Group LLC acquired a new position in Moody’s in the first quarter valued at about $106,236,000. First Manhattan Co. boosted its position in Moody’s by 0.8% in the fourth quarter. First Manhattan Co. now owns 172,724 shares of the business services provider’s stock valued at $24,188,000 after buying an additional 1,404 shares in the last quarter. TrimTabs Asset Management LLC boosted its position in Moody’s by 5.0% in the first quarter. TrimTabs Asset Management LLC now owns 8,229 shares of the business services provider’s stock valued at $1,490,000 after buying an additional 392 shares in the last quarter. Finally, Tesco Pension Investment Ltd boosted its position in Moody’s by 21.3% in the first quarter. Tesco Pension Investment Ltd now owns 236,679 shares of the business services provider’s stock valued at $42,860,000 after buying an additional 41,526 shares in the last quarter. Institutional investors and hedge funds own 93.51% of the company’s stock.
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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