Equities analysts forecast that Moody’s Co. (NYSE:MCO) will post sales of $1.13 billion for the current quarter, according to Zacks. Five analysts have provided estimates for Moody’s’ earnings, with the lowest sales estimate coming in at $1.09 billion and the highest estimate coming in at $1.18 billion. Moody’s also reported sales of $1.13 billion in the same quarter last year. The company is expected to issue its next quarterly earnings report before the market opens on Wednesday, April 24th.
According to Zacks, analysts expect that Moody’s will report full year sales of $4.65 billion for the current fiscal year, with estimates ranging from $4.60 billion to $4.70 billion. For the next year, analysts forecast that the firm will report sales of $4.94 billion, with estimates ranging from $4.83 billion to $5.06 billion. Zacks Investment Research’s sales calculations 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 Friday, February 15th. The business services provider reported $1.63 EPS for the quarter, missing the consensus estimate of $1.71 by ($0.08). The firm had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.14 billion. Moody’s had a return on equity of 268.11% and a net margin of 29.48%. Moody’s’s revenue for the quarter was down 9.0% on a year-over-year basis. During the same quarter last year, the company posted $1.51 EPS.
A number of analysts have recently weighed in on the stock. ValuEngine raised shares of Moody’s from a “hold” rating to a “buy” rating in a research note on Tuesday, March 19th. UBS Group upped their price target on shares of Moody’s from $170.00 to $198.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 9th. BMO Capital Markets upped their price target on shares of Moody’s to $182.00 and gave the stock a “market perform” rating in a research note on Wednesday, March 20th. Zacks Investment Research lowered shares of Moody’s from a “hold” rating to a “sell” rating in a research note on Thursday, January 3rd. Finally, Piper Jaffray Companies upped their price target on shares of Moody’s from $178.00 to $205.00 and gave the stock a “neutral” rating in a research note on Friday, April 5th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the company’s stock. Moody’s has an average rating of “Hold” and a consensus price target of $174.60.
In related news, insider Raymond W. Mcdaniel sold 44,146 shares of the stock in a transaction that occurred on Tuesday, April 2nd. The shares were sold at an average price of $183.95, for a total transaction of $8,120,656.70. Following the completion of the sale, the insider now directly owns 229,749 shares of the company’s stock, valued at $42,262,328.55. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.90% of the stock is owned by corporate insiders.
Institutional investors and hedge funds have recently made changes to their positions in the company. Pearl River Capital LLC acquired a new position in shares of Moody’s during the 4th quarter worth $28,000. JNBA Financial Advisors acquired a new position in shares of Moody’s during the 4th quarter worth $43,000. JOYN Advisors Inc. increased its stake in shares of Moody’s by 1,747.4% during the 4th quarter. JOYN Advisors Inc. now owns 351 shares of the business services provider’s stock worth $49,000 after purchasing an additional 332 shares during the last quarter. Lindbrook Capital LLC bought a new stake in shares of Moody’s during the 4th quarter worth $52,000. Finally, Captrust Financial Advisors boosted its holdings in shares of Moody’s by 85.2% during the 4th quarter. Captrust Financial Advisors now owns 389 shares of the business services provider’s stock worth $54,000 after buying an additional 179 shares during the period. Institutional investors own 93.68% of the company’s stock.
Shares of NYSE:MCO opened at $188.09 on Tuesday. The company has a market capitalization of $35.47 billion, a PE ratio of 25.45, a P/E/G ratio of 2.29 and a beta of 1.29. Moody’s has a twelve month low of $129.26 and a twelve month high of $191.30. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 7.96.
The firm also recently announced a quarterly dividend, which will be paid on Monday, June 10th. Investors of record on Monday, May 20th will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 1.06%. The ex-dividend date is Friday, May 17th. Moody’s’s dividend payout ratio is presently 27.06%.
Moody’s Company Profile
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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