Moody’s (NYSE:MCO) Releases FY 2022 Earnings Guidance

Moody’s (NYSE:MCOGet Rating) issued an update on its FY 2022 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $9.20-$9.70 for the period, compared to the consensus estimate of $10.20. The company issued revenue guidance of -.

Moody’s Trading Down 0.7 %

Shares of MCO traded down $2.22 during trading hours on Friday, reaching $311.07. 482,405 shares of the company traded hands, compared to its average volume of 886,623. Moody’s has a 12 month low of $251.01 and a 12 month high of $407.94. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 2.89. The company’s fifty day moving average price is $283.14 and its two-hundred day moving average price is $308.68. The company has a market capitalization of $57.08 billion, a price-to-earnings ratio of 33.59, a price-to-earnings-growth ratio of 3.00 and a beta of 1.20.

Moody’s (NYSE:MCOGet Rating) last posted its quarterly earnings data on Tuesday, July 26th. The business services provider reported $2.22 EPS for the quarter, missing the consensus estimate of $2.34 by ($0.12). Moody’s had a return on equity of 71.12% and a net margin of 28.92%. The business had revenue of $1.38 billion for the quarter, compared to the consensus estimate of $1.43 billion. During the same period in the previous year, the firm earned $3.22 EPS. The company’s revenue was down 11.1% on a year-over-year basis. Equities research analysts predict that Moody’s will post 9.48 earnings per share for the current fiscal year.

Moody’s Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 9th. Investors of record on Friday, August 19th will be paid a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 0.90%. The ex-dividend date of this dividend is Thursday, August 18th. Moody’s’s payout ratio is currently 30.24%.

Analyst Upgrades and Downgrades

MCO has been the subject of several recent analyst reports. Royal Bank of Canada decreased their target price on shares of Moody’s from $344.00 to $329.00 in a report on Tuesday, June 7th. BMO Capital Markets decreased their target price on shares of Moody’s from $331.00 to $309.00 in a report on Thursday, June 2nd. Raymond James decreased their target price on shares of Moody’s from $364.00 to $327.00 and set an outperform rating for the company in a report on Tuesday, July 12th. UBS Group decreased their target price on shares of Moody’s from $308.00 to $288.00 and set a neutral rating for the company in a report on Monday, June 6th. Finally, Morgan Stanley decreased their target price on shares of Moody’s from $298.00 to $283.00 and set an equal weight rating for the company in a report on Wednesday, July 27th. Six investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and a consensus target price of $329.25.

Insider Buying and Selling at Moody’s

In other Moody’s news, SVP Caroline Sullivan sold 326 shares of the company’s stock in a transaction that occurred on Thursday, August 4th. The shares were sold at an average price of $310.68, for a total transaction of $101,281.68. Following the completion of the sale, the senior vice president now directly owns 1,806 shares of the company’s stock, valued at $561,088.08. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other Moody’s news, SVP Caroline Sullivan sold 326 shares of the company’s stock in a transaction that occurred on Thursday, August 4th. The shares were sold at an average price of $310.68, for a total value of $101,281.68. Following the completion of the transaction, the senior vice president now directly owns 1,806 shares in the company, valued at $561,088.08. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Michael L. West sold 780 shares of the company’s stock in a transaction that occurred on Wednesday, August 3rd. The stock was sold at an average price of $310.53, for a total transaction of $242,213.40. Following the completion of the transaction, the insider now owns 8,330 shares of the company’s stock, valued at $2,586,714.90. The disclosure for this sale can be found here. 0.38% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Akre Capital Management LLC boosted its position in shares of Moody’s by 0.7% during the 1st quarter. Akre Capital Management LLC now owns 5,659,712 shares of the business services provider’s stock valued at $1,909,643,000 after acquiring an additional 38,615 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its stake in Moody’s by 18.5% during the first quarter. Arrowstreet Capital Limited Partnership now owns 930,790 shares of the business services provider’s stock valued at $314,058,000 after purchasing an additional 145,436 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in Moody’s by 6.7% during the first quarter. Charles Schwab Investment Management Inc. now owns 847,468 shares of the business services provider’s stock valued at $285,944,000 after purchasing an additional 53,224 shares during the last quarter. First Trust Advisors LP grew its stake in shares of Moody’s by 2.4% in the 1st quarter. First Trust Advisors LP now owns 525,134 shares of the business services provider’s stock worth $177,185,000 after buying an additional 12,463 shares in the last quarter. Finally, Eaton Vance Management raised its position in shares of Moody’s by 11.2% during the 1st quarter. Eaton Vance Management now owns 358,145 shares of the business services provider’s stock valued at $120,841,000 after buying an additional 35,962 shares in the last quarter. Institutional investors own 91.43% of the company’s stock.

About Moody’s

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Moody's Corporation operates as an integrated risk assessment firm worldwide. It operates in two segments, Moody's Investors Service and Moody's Analytics. The Moody's Investors Service segment publishes credit ratings and provides assessment services on various debt obligations, programs and facilities, and entities that issue such obligations, such as various corporate, financial institution, and governmental obligations, as well as and structured finance securities.

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Earnings History and Estimates for Moody's (NYSE:MCO)

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