Zacks: Brokerages Anticipate Moody’s Co. (NYSE:MCO) to Announce $1.91 EPS

Equities research analysts expect Moody’s Co. (NYSE:MCO) to announce earnings per share of $1.91 for the current fiscal quarter, Zacks reports. Four analysts have made estimates for Moody’s’ earnings. The highest EPS estimate is $1.95 and the lowest is $1.87. Moody’s posted earnings of $1.63 per share in the same quarter last year, which indicates a positive year over year growth rate of 17.2%. The firm is scheduled to report its next earnings results on Friday, February 21st.

On average, analysts expect that Moody’s will report full year earnings of $8.18 per share for the current year, with EPS estimates ranging from $8.10 to $8.24. For the next year, analysts anticipate that the business will report earnings of $8.97 per share, with EPS estimates ranging from $8.89 to $9.05. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research analysts that that provide coverage for Moody’s.

Moody’s (NYSE:MCO) last posted its earnings results on Wednesday, October 30th. The business services provider reported $2.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.99 by $0.16. Moody’s had a return on equity of 270.17% and a net margin of 28.20%. The firm had revenue of $1.24 billion during the quarter, compared to analysts’ expectations of $1.18 billion. During the same period in the previous year, the firm earned $1.69 earnings per share. The company’s revenue was up 14.8% on a year-over-year basis.

MCO has been the subject of a number of research analyst reports. ValuEngine cut Moody’s from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Argus boosted their target price on Moody’s to $240.00 and gave the company a “buy” rating in a research note on Monday, August 5th. BMO Capital Markets boosted their target price on Moody’s to $230.00 and gave the company a “market perform” rating in a research note on Thursday, October 31st. JPMorgan Chase & Co. boosted their target price on Moody’s from $220.00 to $240.00 and gave the company an “overweight” rating in a research note on Thursday, August 1st. Finally, Barclays reissued a “buy” rating on shares of Moody’s in a research note on Sunday, August 4th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the company’s stock. Moody’s has an average rating of “Hold” and a consensus price target of $213.30.

In other news, insider Robert Fauber sold 3,721 shares of the company’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $216.26, for a total transaction of $804,703.46. Following the completion of the transaction, the insider now directly owns 49,591 shares of the company’s stock, valued at $10,724,549.66. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP John J. Goggins sold 20,784 shares of the company’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $218.06, for a total value of $4,532,159.04. Following the transaction, the executive vice president now directly owns 86,543 shares of the company’s stock, valued at $18,871,566.58. The disclosure for this sale can be found here. 0.90% of the stock is owned by corporate insiders.

Several hedge funds have recently bought and sold shares of the company. Morgan Stanley boosted its position in Moody’s by 14.9% during the second quarter. Morgan Stanley now owns 2,115,215 shares of the business services provider’s stock valued at $413,121,000 after purchasing an additional 274,515 shares during the last quarter. Investec Asset Management LTD boosted its position in Moody’s by 1.1% during the second quarter. Investec Asset Management LTD now owns 2,044,170 shares of the business services provider’s stock valued at $399,247,000 after purchasing an additional 21,396 shares during the last quarter. Northern Trust Corp boosted its position in Moody’s by 6.7% during the second quarter. Northern Trust Corp now owns 1,936,572 shares of the business services provider’s stock valued at $378,232,000 after purchasing an additional 121,443 shares during the last quarter. Windacre Partnership LLC boosted its position in Moody’s by 10.1% during the second quarter. Windacre Partnership LLC now owns 1,642,000 shares of the business services provider’s stock valued at $320,699,000 after purchasing an additional 150,800 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its position in Moody’s by 0.3% during the second quarter. Bank of New York Mellon Corp now owns 1,346,417 shares of the business services provider’s stock valued at $262,969,000 after purchasing an additional 3,828 shares during the last quarter. 90.27% of the stock is owned by institutional investors.

NYSE:MCO traded up $1.29 on Tuesday, reaching $220.15. The company’s stock had a trading volume of 441,110 shares, compared to its average volume of 626,290. Moody’s has a 1-year low of $129.26 and a 1-year high of $223.82. The company has a debt-to-equity ratio of 7.50, a quick ratio of 1.42 and a current ratio of 1.42. The firm has a market cap of $41.32 billion, a PE ratio of 29.79, a PEG ratio of 2.68 and a beta of 1.24. The business’s 50-day moving average price is $213.58 and its two-hundred day moving average price is $204.53.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Thursday, November 21st will be given a dividend of $0.50 per share. The ex-dividend date is Wednesday, November 20th. This represents a $2.00 annualized dividend and a dividend yield of 0.91%. Moody’s’s dividend payout ratio is currently 27.06%.

About Moody’s

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.

See Also: What is the outlook for the FAANG stocks?

Get a free copy of the Zacks research report on Moody’s (MCO)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Moody`s (NYSE:MCO)

Receive News & Ratings for Moody's Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Moody's and related companies with MarketBeat.com's FREE daily email newsletter.