Moody’s (NYSE:MCO) issued an update on its FY 2020
Pre-Market earnings guidance on Wednesday morning. The company provided earnings per share guidance of 9.10-9.30 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $9.12. Moody’s also updated its FY20 guidance to $9.10-9.30 EPS.
A number of research firms have commented on MCO. Barclays restated a buy rating and set a $260.00 price target on shares of Moody’s in a research report on Wednesday, December 18th. Zacks Investment Research raised shares of Moody’s from a hold rating to a buy rating and set a $240.00 price target for the company in a research note on Wednesday, November 20th. Cantor Fitzgerald raised their price objective on shares of Moody’s from $233.00 to $266.00 and gave the company a neutral rating in a research note on Thursday. BMO Capital Markets reissued an outperform rating and set a $294.00 target price on shares of Moody’s in a report on Thursday. Finally, Stifel Nicolaus boosted their target price on Moody’s from $266.00 to $279.00 and gave the stock a hold rating in a report on Thursday. Six investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The stock has an average rating of Buy and a consensus price target of $251.64.
Shares of Moody’s stock opened at $277.83 on Friday. The company has a current ratio of 1.92, a quick ratio of 1.42 and a debt-to-equity ratio of 7.41. The company’s 50-day moving average price is $253.86 and its two-hundred day moving average price is $226.77. Moody’s has a 52 week low of $166.01 and a 52 week high of $278.00. The stock has a market cap of $51.50 billion, a PE ratio of 32.90, a price-to-earnings-growth ratio of 2.96 and a beta of 1.21.
Moody’s (NYSE:MCO) last posted its quarterly earnings data on Wednesday, February 12th. The business services provider reported $2.00 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.92 by $0.08. The company had revenue of $1.23 billion during the quarter, compared to analyst estimates of $1.21 billion. Moody’s had a net margin of 29.44% and a return on equity of 261.43%. The business’s revenue for the quarter was up 16.3% on a year-over-year basis. During the same quarter last year, the firm posted $1.63 EPS. On average, equities analysts predict that Moody’s will post 9.22 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 18th. Investors of record on Tuesday, February 25th will be paid a dividend of $0.56 per share. The ex-dividend date of this dividend is Monday, February 24th. This is a positive change from Moody’s’s previous quarterly dividend of $0.50. This represents a $2.24 annualized dividend and a yield of 0.81%. Moody’s’s dividend payout ratio is currently 24.13%.
In other news, EVP John J. Goggins sold 8,508 shares of the business’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $237.08, for a total transaction of $2,017,076.64. Following the sale, the executive vice president now directly owns 61,934 shares of the company’s stock, valued at $14,683,312.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Robert Fauber sold 3,721 shares of the business’s stock in a transaction on Monday, February 10th. The stock was sold at an average price of $266.95, for a total value of $993,320.95. Following the sale, the insider now directly owns 49,591 shares in the company, valued at $13,238,317.45. The disclosure for this sale can be found here. Insiders have sold 19,902 shares of company stock valued at $5,004,457 over the last 90 days. 0.90% of the stock is currently owned by insiders.
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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