Zacks: Analysts Anticipate Moody’s Co. (MCO) Will Post Earnings of $1.83 Per Share

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Wall Street analysts expect that Moody’s Co. (NYSE:MCO) will announce earnings of $1.83 per share for the current fiscal quarter, according to Zacks. Five analysts have provided estimates for Moody’s’ earnings. The lowest EPS estimate is $1.81 and the highest is $1.86. Moody’s posted earnings per share of $1.52 during the same quarter last year, which would indicate a positive year over year growth rate of 20.4%. The business is scheduled to report its next earnings results on Friday, November 2nd.

According to Zacks, analysts expect that Moody’s will report full-year earnings of $7.79 per share for the current financial year, with EPS estimates ranging from $7.69 to $7.85. For the next financial year, analysts expect that the firm will post earnings of $8.52 per share, with EPS estimates ranging from $8.26 to $8.81. Zacks’ EPS calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Moody’s.

Moody’s (NYSE:MCO) last released its quarterly earnings results on Friday, July 27th. The business services provider reported $2.04 EPS for the quarter, beating the consensus estimate of $1.88 by $0.16. The business had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.15 billion. Moody’s had a net margin of 24.10% and a return on equity of 907.23%. The company’s quarterly revenue was up 17.5% on a year-over-year basis. During the same period in the prior year, the business earned $1.54 earnings per share.

Several brokerages recently issued reports on MCO. Nomura reissued a “buy” rating and set a $193.00 price objective on shares of Moody’s in a research note on Monday, July 30th. Zacks Investment Research downgraded shares of Moody’s from a “hold” rating to a “sell” rating in a research note on Tuesday, July 10th. BMO Capital Markets upped their price objective on shares of Moody’s to $179.00 and gave the company a “market perform” rating in a research note on Wednesday, May 30th. Stifel Nicolaus upped their price objective on shares of Moody’s from $170.00 to $188.00 and gave the company a “hold” rating in a research note on Monday, July 30th. Finally, Morgan Stanley upped their price objective on shares of Moody’s from $176.00 to $179.00 and gave the company a “$184.49” rating in a research note on Wednesday, July 18th. Eight analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $175.67.

In related news, CFO Linda Huber purchased 915 shares of the business’s stock in a transaction on Monday, August 6th. The shares were bought at an average price of $172.31 per share, with a total value of $157,663.65. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 1.00% of the company’s stock.

A number of large investors have recently bought and sold shares of the business. BlackRock Inc. raised its stake in Moody’s by 1.0% during the second quarter. BlackRock Inc. now owns 11,042,889 shares of the business services provider’s stock worth $1,883,479,000 after purchasing an additional 114,722 shares during the period. Fiera Capital Corp raised its stake in shares of Moody’s by 1.2% in the 2nd quarter. Fiera Capital Corp now owns 5,625,706 shares of the business services provider’s stock valued at $959,521,000 after acquiring an additional 65,798 shares during the period. FMR LLC raised its stake in shares of Moody’s by 7.2% in the 2nd quarter. FMR LLC now owns 2,424,897 shares of the business services provider’s stock valued at $413,590,000 after acquiring an additional 162,065 shares during the period. Russell Investments Group Ltd. raised its stake in shares of Moody’s by 11.7% in the 1st quarter. Russell Investments Group Ltd. now owns 1,835,803 shares of the business services provider’s stock valued at $295,231,000 after acquiring an additional 192,867 shares during the period. Finally, Winslow Capital Management LLC raised its stake in shares of Moody’s by 20.6% in the 1st quarter. Winslow Capital Management LLC now owns 1,651,735 shares of the business services provider’s stock valued at $266,425,000 after acquiring an additional 282,513 shares during the period. 87.88% of the stock is currently owned by institutional investors.

Shares of MCO traded up $2.29 on Thursday, hitting $181.55. 513,949 shares of the stock traded hands, compared to its average volume of 663,711. The company has a debt-to-equity ratio of 10.72, a quick ratio of 1.54 and a current ratio of 1.54. The company has a market capitalization of $34.33 billion, a price-to-earnings ratio of 25.23, a PEG ratio of 2.00 and a beta of 1.10. Moody’s has a 1 year low of $134.94 and a 1 year high of $187.98.

The business also recently declared a quarterly dividend, which was paid on Monday, September 10th. Shareholders of record on Monday, August 20th were paid a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a yield of 0.97%. The ex-dividend date of this dividend was Friday, August 17th. Moody’s’s dividend payout ratio is currently 29.00%.

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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