Moody’s (NYSE:MCO) Issues FY 2020 Pre-Market Earnings Guidance

Moody’s (NYSE:MCO) issued an update on its FY 2020
Pre-Market earnings guidance on Thursday morning. The company provided EPS guidance of 8.80-9.20 for the period, compared to the Thomson Reuters consensus EPS estimate of $8.66. Moody’s also updated its FY20 guidance to $8.80-9.20 EPS.

MCO stock opened at $281.30 on Friday. Moody’s has a 12 month low of $164.19 and a 12 month high of $296.66. The firm has a market cap of $52.74 billion, a PE ratio of 29.03, a P/E/G ratio of 3.14 and a beta of 1.19. The firm has a 50 day simple moving average of $281.46 and a 200 day simple moving average of $255.09. The company has a debt-to-equity ratio of 9.17, a current ratio of 2.10 and a quick ratio of 1.70.

Moody’s (NYSE:MCO) last issued its quarterly earnings results on Thursday, July 30th. The business services provider reported $2.81 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.26 by $0.55. The business had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.23 billion. Moody’s had a net margin of 33.38% and a return on equity of 204.46%. The firm’s quarterly revenue was up 18.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.07 EPS. As a group, sell-side analysts expect that Moody’s will post 9.07 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Thursday, August 20th will be paid a dividend of $0.56 per share. The ex-dividend date of this dividend is Wednesday, August 19th. This represents a $2.24 annualized dividend and a dividend yield of 0.80%. Moody’s’s dividend payout ratio (DPR) is 27.02%.

A number of research firms recently issued reports on MCO. UBS Group raised their target price on shares of Moody’s from $344.00 to $358.00 and gave the company a buy rating in a research note on Friday. Morgan Stanley reduced their price target on shares of Moody’s from $278.00 to $275.00 and set an equal weight rating for the company in a report on Friday. Zacks Investment Research raised shares of Moody’s from a hold rating to a buy rating and set a $298.00 price target for the company in a report on Tuesday, July 7th. Credit Suisse Group reissued a buy rating and issued a $330.00 price target on shares of Moody’s in a report on Tuesday, July 28th. Finally, Wells Fargo & Co increased their price target on shares of Moody’s from $210.00 to $215.00 and gave the company an equal weight rating in a report on Friday, May 1st. Five investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The stock currently has an average rating of Buy and a consensus target price of $290.75.

In other Moody’s news, insider Stephen T. Tulenko sold 1,500 shares of the stock in a transaction dated Wednesday, July 8th. The stock was sold at an average price of $293.01, for a total transaction of $439,515.00. Following the completion of the transaction, the insider now owns 8,044 shares in the company, valued at approximately $2,356,972.44. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Raymond W. Mcdaniel sold 7,500 shares of the stock in a transaction dated Wednesday, May 6th. The stock was sold at an average price of $245.64, for a total value of $1,842,300.00. Following the transaction, the chief executive officer now owns 242,131 shares of the company’s stock, valued at approximately $59,477,058.84. The disclosure for this sale can be found here. Insiders have sold a total of 60,727 shares of company stock worth $16,235,465 in the last ninety days. 0.79% of the stock is currently owned by company insiders.

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.

Further Reading: What is Cost of Goods Sold (COGS)?

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

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