$1.79 Earnings Per Share Expected for Moody’s Co. (MCO) This Quarter

Wall Street brokerages expect Moody’s Co. (NYSE:MCO) to report earnings per share (EPS) of $1.79 for the current quarter, according to Zacks. Four analysts have made estimates for Moody’s’ earnings, with estimates ranging from $1.72 to $1.89. Moody’s reported earnings of $1.47 per share during the same quarter last year, which would suggest a positive year over year growth rate of 21.8%. The firm is scheduled to announce its next earnings results before the market opens on Friday, April 27th.

On average, analysts expect that Moody’s will report full year earnings of $7.75 per share for the current fiscal year, with EPS estimates ranging from $7.70 to $7.80. For the next financial year, analysts expect that the firm will report earnings of $8.59 per share, with EPS estimates ranging from $8.39 to $8.84. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side analysts that follow Moody’s.

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Moody’s (NYSE:MCO) last posted its quarterly earnings results on Friday, February 9th. The business services provider reported $1.51 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.45 by $0.06. Moody’s had a net margin of 23.80% and a negative return on equity of 319.45%. The company had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.07 billion. During the same period last year, the firm posted $1.23 EPS. The company’s revenue for the quarter was up 23.7% on a year-over-year basis.

A number of research firms recently weighed in on MCO. Zacks Investment Research cut shares of Moody’s from a “buy” rating to a “hold” rating and set a $182.00 price objective on the stock. in a report on Wednesday, April 11th. Morgan Stanley increased their price objective on shares of Moody’s from $168.00 to $172.00 and gave the stock an “equal weight” rating in a report on Thursday. Argus increased their price objective on shares of Moody’s to $190.00 and gave the stock a “buy” rating in a report on Wednesday, February 14th. They noted that the move was a valuation call. Barclays increased their price objective on shares of Moody’s from $175.00 to $180.00 and gave the stock an “overweight” rating in a report on Monday, February 12th. Finally, Cantor Fitzgerald increased their price objective on shares of Moody’s from $148.00 to $155.00 and gave the stock a “neutral” rating in a report on Monday, February 12th. Nine analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $169.42.

Shares of MCO stock traded up $1.99 during trading hours on Wednesday, reaching $164.88. The stock had a trading volume of 159,199 shares, compared to its average volume of 789,975. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of -44.48. Moody’s has a twelve month low of $112.55 and a twelve month high of $171.68. The stock has a market cap of $31,128.28, a PE ratio of 26.84, a price-to-earnings-growth ratio of 1.83 and a beta of 1.26.

In other Moody’s news, insider Robert Fauber sold 3,500 shares of the firm’s stock in a transaction dated Tuesday, March 6th. The shares were sold at an average price of $168.00, for a total transaction of $588,000.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Raymond W. Mcdaniel sold 45,215 shares of the firm’s stock in a transaction dated Friday, April 6th. The shares were sold at an average price of $159.73, for a total transaction of $7,222,191.95. Following the transaction, the insider now directly owns 149,011 shares in the company, valued at approximately $23,801,527.03. The disclosure for this sale can be found here. In the last three months, insiders have sold 80,397 shares of company stock worth $12,943,423. 1.00% of the stock is owned by corporate insiders.

A number of institutional investors have recently added to or reduced their stakes in MCO. Valeo Financial Advisors LLC increased its stake in Moody’s by 2,358.6% during the 4th quarter. Valeo Financial Advisors LLC now owns 713 shares of the business services provider’s stock valued at $105,000 after buying an additional 684 shares during the period. Truewealth LLC acquired a new position in Moody’s during the 4th quarter valued at about $105,000. Delpha Capital Management LLC acquired a new position in Moody’s during the 4th quarter valued at about $117,000. Tower Research Capital LLC TRC acquired a new position in Moody’s during the 4th quarter valued at about $192,000. Finally, BTR Capital Management Inc. acquired a new position in Moody’s during the 4th quarter valued at about $202,000. 88.51% of the stock is currently owned by hedge funds and other institutional investors.

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About Moody’s

Moody's Corporation provides credit ratings; and credit, capital markets, and economic related 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 comprising various corporate and governmental obligations, structured finance securities, and commercial paper programs.

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