$1.32 Earnings Per Share Expected for Moody’s Corporation (MCO) This Quarter

Brokerages forecast that Moody’s Corporation (NYSE:MCO) will report earnings of $1.32 per share for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for Moody’s Corporation’s earnings. The lowest EPS estimate is $1.23 and the highest is $1.38. Moody’s Corporation reported earnings of $1.30 per share in the same quarter last year, which indicates a positive year over year growth rate of 1.5%. The firm is scheduled to announce its next quarterly earnings results on Friday, July 28th.

On average, analysts expect that Moody’s Corporation will report full-year earnings of $5.32 per share for the current fiscal year, with EPS estimates ranging from $5.25 to $5.45. For the next year, analysts forecast that the business will report earnings of $5.78 per share, with EPS estimates ranging from $5.60 to $6.05. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research firms that cover Moody’s Corporation.

Moody’s Corporation (NYSE:MCO) last posted its earnings results on Friday, May 5th. The business services provider reported $1.47 EPS for the quarter, beating the Zacks’ consensus estimate of $1.24 by $0.23. Moody’s Corporation had a net margin of 11.37% and a negative return on equity of 167.79%. The company had revenue of $975.20 million during the quarter, compared to analysts’ expectations of $914.27 million. During the same quarter in the prior year, the company posted $0.93 earnings per share. Moody’s Corporation’s revenue for the quarter was up 19.5% compared to the same quarter last year.

Several research analysts have commented on the stock. Barclays PLC reiterated a “hold” rating and set a $118.00 price target on shares of Moody’s Corporation in a report on Thursday, April 27th. Zacks Investment Research cut shares of Moody’s Corporation from a “buy” rating to a “hold” rating in a report on Monday. BidaskClub cut shares of Moody’s Corporation from a “strong-buy” rating to a “buy” rating in a report on Thursday. BMO Capital Markets reiterated a “hold” rating and set a $124.00 price target on shares of Moody’s Corporation in a report on Wednesday, April 26th. Finally, Morgan Stanley boosted their price target on shares of Moody’s Corporation from $118.00 to $121.00 and gave the stock an “equal weight” rating in a report on Monday, May 8th. Six analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $117.57.

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In other Moody’s Corporation news, insider Raymond W. Mcdaniel sold 61,667 shares of the company’s stock in a transaction on Wednesday, May 17th. The shares were sold at an average price of $113.35, for a total transaction of $6,989,954.45. Following the completion of the transaction, the insider now owns 308,761 shares in the company, valued at approximately $34,998,059.35. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Robert Fauber sold 1,340 shares of the company’s stock in a transaction on Friday, March 31st. The stock was sold at an average price of $111.16, for a total transaction of $148,954.40. Following the transaction, the insider now owns 44,550 shares of the company’s stock, valued at approximately $4,952,178. The disclosure for this sale can be found here. In the last quarter, insiders sold 151,786 shares of company stock valued at $17,593,467. 1.17% of the stock is owned by insiders.

A number of institutional investors have recently made changes to their positions in the company. Menta Capital LLC purchased a new position in shares of Moody’s Corporation during the fourth quarter worth approximately $273,000. Folger Hill Asset Management LP purchased a new position in shares of Moody’s Corporation during the fourth quarter worth approximately $464,000. Cantab Capital Partners LLP purchased a new position in shares of Moody’s Corporation during the fourth quarter worth approximately $476,000. Flinton Capital Management LLC purchased a new position in shares of Moody’s Corporation during the fourth quarter worth approximately $425,000. Finally, Renaissance Technologies LLC increased its position in shares of Moody’s Corporation by 622.7% in the fourth quarter. Renaissance Technologies LLC now owns 534,800 shares of the business services provider’s stock worth $50,416,000 after buying an additional 460,800 shares during the last quarter. Institutional investors own 89.60% of the company’s stock.

Moody’s Corporation (NYSE:MCO) traded up 0.24% during midday trading on Monday, reaching $119.22. 458,198 shares of the company were exchanged. Moody’s Corporation has a 52 week low of $87.30 and a 52 week high of $122.99. The company has a market capitalization of $22.81 billion, a PE ratio of 54.24 and a beta of 1.25. The firm has a 50-day moving average price of $117.45 and a 200-day moving average price of $109.52.

The firm also recently declared a quarterly dividend, which was paid on Monday, June 12th. Investors of record on Monday, May 22nd were given a $0.38 dividend. The ex-dividend date of this dividend was Thursday, May 18th. This represents a $1.52 annualized dividend and a yield of 1.28%. Moody’s Corporation’s dividend payout ratio (DPR) is 70.05%.

Moody’s Corporation Company Profile

Moody’s Corporation (Moody’s) is a provider of credit ratings; credit, capital markets and economic related research, data and analytical tools; software solutions and related risk management services, quantitative credit risk measures, financial services training and certification services, and research and analytical services to financial institution customers.

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