Analysts expect that Moody’s Co. (NYSE:MCO) will report sales of $1.19 billion for the current fiscal quarter, according to Zacks. Four analysts have made estimates for Moody’s’ earnings. The lowest sales estimate is $1.15 billion and the highest is $1.23 billion. Moody’s posted sales of $1.06 billion in the same quarter last year, which would indicate a positive year-over-year growth rate of 12.3%. The company is expected to announce its next quarterly earnings report on Friday, February 21st.
According to Zacks, analysts expect that Moody’s will report full-year sales of $4.77 billion for the current fiscal year, with estimates ranging from $4.67 billion to $4.82 billion. For the next year, analysts forecast that the company will report sales of $5.05 billion, with estimates ranging from $4.89 billion to $5.18 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that follow Moody’s.
Moody’s (NYSE:MCO) last released its quarterly earnings results on Wednesday, October 30th. The business services provider reported $2.15 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.99 by $0.16. The firm had revenue of $1.24 billion during the quarter, compared to analyst estimates of $1.18 billion. Moody’s had a net margin of 28.20% and a return on equity of 270.17%. The business’s revenue for the quarter was up 14.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.69 EPS.
Shares of Moody’s stock traded up $1.29 on Thursday, reaching $220.15. 441,110 shares of the stock were exchanged, compared to its average volume of 626,290. The firm has a market capitalization of $41.32 billion, a price-to-earnings ratio of 29.79, a PEG ratio of 2.68 and a beta of 1.24. Moody’s has a twelve month low of $129.26 and a twelve month high of $223.82. The business has a 50 day moving average price of $213.58 and a two-hundred day moving average price of $204.53. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 7.50.
The company also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Thursday, November 21st will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 0.91%. The ex-dividend date is Wednesday, November 20th. Moody’s’s payout ratio is currently 27.06%.
In other news, EVP John J. Goggins sold 20,784 shares of Moody’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $218.06, for a total transaction 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 sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Robert Fauber sold 3,721 shares of Moody’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $216.26, for a total transaction of $804,703.46. Following the completion of the sale, the insider now owns 49,591 shares in the company, valued at $10,724,549.66. The disclosure for this sale can be found here. Insiders own 0.90% of the company’s stock.
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Krane Funds Advisors LLC purchased a new stake in Moody’s during the second quarter worth about $25,000. Venturi Wealth Management LLC purchased a new stake in shares of Moody’s during the 3rd quarter valued at about $25,000. Capital Investment Advisory Services LLC boosted its holdings in shares of Moody’s by 203.6% in the second quarter. Capital Investment Advisory Services LLC now owns 167 shares of the business services provider’s stock worth $34,000 after buying an additional 112 shares during the last quarter. Meeder Asset Management Inc. bought a new stake in shares of Moody’s during the second quarter valued at approximately $37,000. Finally, Private Capital Group LLC increased its position in Moody’s by 138.9% during the second quarter. Private Capital Group LLC now owns 215 shares of the business services provider’s stock valued at $37,000 after acquiring an additional 125 shares during the last quarter. Hedge funds and other institutional investors own 90.27% of the company’s stock.
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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