Equities analysts expect Moody’s Co. (NYSE:MCO) to post earnings of $2.46 per share for the current fiscal quarter, according to Zacks Investment Research. Five analysts have provided estimates for Moody’s’ earnings, with the lowest EPS estimate coming in at $2.29 and the highest estimate coming in at $2.75. Moody’s reported earnings per share of $2.69 in the same quarter last year, which indicates a negative year over year growth rate of 8.6%. The company is expected to announce its next earnings report on Thursday, November 4th.
According to Zacks, analysts expect that Moody’s will report full year earnings of $11.92 per share for the current fiscal year, with EPS estimates ranging from $11.76 to $12.13. For the next fiscal year, analysts forecast that the business will report earnings of $12.40 per share, with EPS estimates ranging from $12.05 to $12.84. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side analysts that follow Moody’s.
Moody’s (NYSE:MCO) last posted its earnings results on Wednesday, July 28th. The business services provider reported $3.22 EPS for the quarter, beating the Zacks’ consensus estimate of $2.76 by $0.46. Moody’s had a return on equity of 111.33% and a net margin of 36.11%. The firm had revenue of $1.55 billion for the quarter, compared to analysts’ expectations of $1.49 billion.
Shares of NYSE:MCO traded up $7.10 during trading on Thursday, reaching $368.57. 6,371 shares of the company’s stock traded hands, compared to its average volume of 666,372. Moody’s has a fifty-two week low of $253.17 and a fifty-two week high of $388.81. The company has a quick ratio of 2.31, a current ratio of 2.31 and a debt-to-equity ratio of 2.67. The firm has a market cap of $68.63 billion, a PE ratio of 33.09, a P/E/G ratio of 3.23 and a beta of 1.15. The company has a 50-day simple moving average of $373.99 and a 200-day simple moving average of $353.94.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 10th. Shareholders of record on Friday, August 20th were paid a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a yield of 0.67%. The ex-dividend date of this dividend was Thursday, August 19th. Moody’s’s dividend payout ratio (DPR) is 24.43%.
In other news, insider Michael L. West sold 680 shares of Moody’s stock in a transaction that occurred on Monday, August 9th. The shares were sold at an average price of $382.35, for a total transaction of $259,998.00. Following the sale, the insider now owns 6,501 shares of the company’s stock, valued at approximately $2,485,657.35. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Melanie Hughes sold 1,559 shares of Moody’s stock in a transaction that occurred on Thursday, August 12th. The shares were sold at an average price of $378.07, for a total transaction of $589,411.13. The disclosure for this sale can be found here. Insiders sold a total of 6,266 shares of company stock worth $2,368,779 over the last three months. Corporate insiders own 0.50% of the company’s stock.
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. raised its position in Moody’s by 0.3% in the second quarter. Vanguard Group Inc. now owns 13,508,886 shares of the business services provider’s stock valued at $4,895,215,000 after purchasing an additional 40,892 shares during the period. Baillie Gifford & Co. raised its position in Moody’s by 2.6% in the second quarter. Baillie Gifford & Co. now owns 5,525,511 shares of the business services provider’s stock valued at $2,002,280,000 after purchasing an additional 140,319 shares during the period. Capital International Investors raised its position in Moody’s by 3.9% in the second quarter. Capital International Investors now owns 5,374,945 shares of the business services provider’s stock valued at $1,948,057,000 after purchasing an additional 202,540 shares during the period. Ninety One UK Ltd raised its position in Moody’s by 4.9% in the second quarter. Ninety One UK Ltd now owns 2,781,410 shares of the business services provider’s stock valued at $1,007,900,000 after purchasing an additional 128,950 shares during the period. Finally, Geode Capital Management LLC raised its position in Moody’s by 13.1% in the second quarter. Geode Capital Management LLC now owns 2,617,497 shares of the business services provider’s stock valued at $945,735,000 after purchasing an additional 302,285 shares during the period. 90.93% of the stock is currently owned by institutional investors.
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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