Moody’s (NYSE:MCO – Get Free Report) issued an update on its FY 2024 earnings guidance on Tuesday morning. The company provided EPS guidance of 11.000-11.400 for the period, compared to the consensus EPS estimate of 11.020. The company issued revenue guidance of -. Moody’s also updated its FY24 guidance to $11.00-11.40 EPS.
Moody’s Stock Up 0.7 %
MCO opened at $436.99 on Friday. Moody’s has a 12 month low of $298.86 and a 12 month high of $458.24. The company has a market cap of $79.79 billion, a PE ratio of 47.71, a price-to-earnings-growth ratio of 2.95 and a beta of 1.28. The company has a current ratio of 1.52, a quick ratio of 1.42 and a debt-to-equity ratio of 1.59. The company has a 50 day moving average of $422.05 and a 200 day moving average of $398.63.
Moody’s (NYSE:MCO – Get Free Report) last announced its quarterly earnings results on Tuesday, July 23rd. The business services provider reported $3.28 earnings per share for the quarter, beating the consensus estimate of $3.06 by $0.22. The company had revenue of $1.82 billion during the quarter, compared to analysts’ expectations of $1.72 billion. Moody’s had a return on equity of 57.03% and a net margin of 28.34%. The firm’s quarterly revenue was up 21.6% compared to the same quarter last year. During the same period in the previous year, the business earned $2.30 earnings per share. On average, sell-side analysts expect that Moody’s will post 11.32 EPS for the current year.
Moody’s Announces Dividend
Wall Street Analysts Forecast Growth
Several research analysts have recently weighed in on MCO shares. Stifel Nicolaus upped their price target on shares of Moody’s from $443.00 to $454.00 and gave the stock a hold rating in a report on Wednesday. UBS Group raised their price target on Moody’s from $455.00 to $470.00 and gave the company a neutral rating in a report on Wednesday. Oppenheimer boosted their price objective on Moody’s from $454.00 to $492.00 and gave the stock an outperform rating in a report on Wednesday. Royal Bank of Canada raised their target price on shares of Moody’s from $450.00 to $475.00 and gave the company an outperform rating in a research note on Wednesday. Finally, BMO Capital Markets lowered shares of Moody’s from an outperform rating to a market perform rating and decreased their price target for the stock from $482.00 to $455.00 in a report on Wednesday. Four equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of Moderate Buy and a consensus target price of $448.50.
Moody’s Company Profile
Moody's Corporation operates as an integrated risk assessment firm worldwide. It operates in two segments, Moody's Analytics and Moody's Investors Services. The Moody's Analytics segment develops a range of products and services that support the risk management activities of institutional participants in financial markets.
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