Moody’s Co. (NYSE:MCO) Forecasted to Earn FY2024 Earnings of $11.61 Per Share

Moody’s Co. (NYSE:MCO) – Research analysts at William Blair raised their FY2024 earnings estimates for shares of Moody’s in a note issued to investors on Tuesday, October 15th. William Blair analyst A. Nicholas now expects that the business services provider will post earnings per share of $11.61 for the year, up from their prior estimate of $11.21. The consensus estimate for Moody’s’ current full-year earnings is $11.46 per share. William Blair also issued estimates for Moody’s’ FY2025 earnings at $12.81 EPS.

Moody’s (NYSE:MCO) last posted its quarterly earnings data on Tuesday, July 23rd. The business services provider reported $3.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.06 by $0.22. The business had revenue of $1.82 billion during the quarter, compared to analyst estimates of $1.72 billion. Moody’s had a return on equity of 57.03% and a net margin of 28.34%. The company’s revenue for the quarter was up 21.6% on a year-over-year basis. During the same period last year, the company earned $2.30 EPS.

A number of other equities analysts have also recently commented on the stock. Stifel Nicolaus lifted their price target on shares of Moody’s from $443.00 to $454.00 and gave the stock a “hold” rating in a research note on Wednesday, July 24th. Wells Fargo & Company boosted their target price on Moody’s from $510.00 to $550.00 and gave the company an “overweight” rating in a research report on Wednesday, October 9th. Barclays upped their target price on Moody’s from $500.00 to $570.00 and gave the company an “overweight” rating in a research note on Friday, September 13th. Raymond James lowered Moody’s from a “market perform” rating to an “underperform” rating in a research note on Monday, September 23rd. Finally, The Goldman Sachs Group upped their price objective on Moody’s from $460.00 to $514.00 and gave the company a “neutral” rating in a research report on Tuesday, September 3rd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, Moody’s currently has a consensus rating of “Moderate Buy” and a consensus price target of $488.46.

Moody’s Stock Up 0.6 %

NYSE MCO opened at $490.04 on Thursday. Moody’s has a 52 week low of $298.86 and a 52 week high of $495.10. The firm has a market capitalization of $89.48 billion, a price-to-earnings ratio of 53.50, a PEG ratio of 3.10 and a beta of 1.29. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 1.59. The company has a fifty day moving average of $476.50 and a two-hundred day moving average of $434.56.

Moody’s Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 6th. Stockholders of record on Friday, August 16th were paid a dividend of $0.85 per share. The ex-dividend date of this dividend was Friday, August 16th. This represents a $3.40 dividend on an annualized basis and a dividend yield of 0.69%. Moody’s’s dividend payout ratio is presently 37.12%.

Insider Buying and Selling

In other Moody’s news, insider Stephen T. Tulenko sold 569 shares of the stock in a transaction on Monday, August 5th. The stock was sold at an average price of $444.26, for a total transaction of $252,783.94. Following the sale, the insider now owns 8,147 shares of the company’s stock, valued at approximately $3,619,386.22. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Moody’s news, insider Stephen T. Tulenko sold 500 shares of Moody’s stock in a transaction on Friday, August 9th. The shares were sold at an average price of $464.06, for a total value of $232,030.00. Following the transaction, the insider now directly owns 6,647 shares of the company’s stock, valued at approximately $3,084,606.82. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Stephen T. Tulenko sold 569 shares of the stock in a transaction on Monday, August 5th. The shares were sold at an average price of $444.26, for a total value of $252,783.94. Following the sale, the insider now owns 8,147 shares of the company’s stock, valued at approximately $3,619,386.22. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 2,931 shares of company stock valued at $1,332,825 over the last 90 days. Corporate insiders own 0.07% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Conning Inc. grew its stake in Moody’s by 3.0% during the 2nd quarter. Conning Inc. now owns 778 shares of the business services provider’s stock valued at $327,000 after purchasing an additional 23 shares during the last quarter. First Horizon Advisors Inc. lifted its position in shares of Moody’s by 1.8% in the second quarter. First Horizon Advisors Inc. now owns 1,357 shares of the business services provider’s stock valued at $571,000 after acquiring an additional 24 shares in the last quarter. Capital Advisors Ltd. LLC boosted its stake in Moody’s by 2.6% during the 2nd quarter. Capital Advisors Ltd. LLC now owns 960 shares of the business services provider’s stock worth $404,000 after purchasing an additional 24 shares during the last quarter. Diversified Trust Co boosted its position in Moody’s by 0.5% during the third quarter. Diversified Trust Co now owns 5,004 shares of the business services provider’s stock worth $2,375,000 after acquiring an additional 25 shares during the last quarter. Finally, Angeles Wealth Management LLC grew its position in shares of Moody’s by 0.7% in the second quarter. Angeles Wealth Management LLC now owns 3,871 shares of the business services provider’s stock valued at $1,629,000 after purchasing an additional 26 shares in the last quarter. 92.11% of the stock is owned by institutional investors and hedge funds.

Moody’s Company Profile

Moody’s Corporation operates as an integrated risk assessment firm worldwide. It operates in two segments, Moody’s Analytics and Moody’s Investors Services. The Moody’s Analytics segment develops a range of products and services that support the risk management activities of institutional participants in financial markets.