Equities analysts predict that Moody’s Co. (NYSE:MCO) will report earnings of $1.89 per share for the current fiscal quarter, according to Zacks. Five analysts have issued estimates for Moody’s’ earnings. The lowest EPS estimate is $1.82 and the highest is $1.97. Moody’s posted earnings per share of $2.02 during the same quarter last year, which indicates a negative year over year growth rate of 6.4%. The firm is scheduled to announce its next earnings results on Friday, April 26th.

On average, analysts expect that Moody’s will report full-year earnings of $7.91 per share for the current fiscal year, with EPS estimates ranging from $7.70 to $7.98. For the next fiscal year, analysts anticipate that the firm will report earnings of $8.73 per share, with EPS estimates ranging from $8.40 to $9.10. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research analysts that cover Moody’s.

Moody’s (NYSE:MCO) last posted its quarterly earnings results on Friday, February 15th. The business services provider reported $1.63 earnings per share for the quarter, missing the consensus estimate of $1.71 by ($0.08). The company had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.14 billion. Moody’s had a return on equity of 268.11% and a net margin of 29.48%. The business’s quarterly revenue was down 9.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.51 EPS.

MCO has been the topic of several recent research reports. Goldman Sachs Group initiated coverage on Moody’s in a research note on Wednesday, November 14th. They issued a “neutral” rating and a $165.00 price target on the stock. Barclays cut their price target on Moody’s from $175.00 to $165.00 and set an “overweight” rating on the stock in a research note on Monday, January 7th. BMO Capital Markets increased their target price on Moody’s to $172.00 and gave the company a “market perform” rating in a research note on Tuesday, February 19th. UBS Group cut their target price on Moody’s from $156.00 to $154.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 8th. Finally, Morgan Stanley downgraded Moody’s from an “equal weight” rating to an “underweight” rating and set a $135.00 target price on the stock. in a research note on Tuesday, January 8th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the company. Moody’s has an average rating of “Hold” and a consensus target price of $166.90.

Shares of Moody’s stock traded up $1.42 during midday trading on Thursday, hitting $174.98. The company had a trading volume of 949,468 shares, compared to its average volume of 966,495. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 7.96. The company has a market capitalization of $32.56 billion, a P/E ratio of 23.68, a PEG ratio of 2.09 and a beta of 1.28. Moody’s has a 52-week low of $129.26 and a 52-week high of $187.98.

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 18th. Shareholders of record on Monday, February 25th will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 1.14%. This is an increase from Moody’s’s previous quarterly dividend of $0.44. The ex-dividend date of this dividend is Friday, February 22nd. Moody’s’s dividend payout ratio (DPR) is currently 27.06%.

In other Moody’s news, insider Raymond W. Mcdaniel sold 44,146 shares of the stock in a transaction on Monday, March 4th. The stock was sold at an average price of $175.20, for a total transaction of $7,734,379.20. The sale was disclosed in a filing with the SEC, which is available through this link. Company insiders own 0.90% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in MCO. Pearl River Capital LLC purchased a new position in shares of Moody’s in the 4th quarter worth $28,000. JNBA Financial Advisors purchased a new position in shares of Moody’s in the 4th quarter worth $43,000. JOYN Advisors Inc. boosted its stake in shares of Moody’s by 1,747.4% in the 4th quarter. JOYN Advisors Inc. now owns 351 shares of the business services provider’s stock worth $49,000 after buying an additional 332 shares during the last quarter. Lindbrook Capital LLC purchased a new position in shares of Moody’s in the 4th quarter worth $52,000. Finally, Oregon Public Employees Retirement Fund boosted its stake in shares of Moody’s by 17,777.2% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 7,510,765 shares of the business services provider’s stock worth $54,000 after buying an additional 7,468,752 shares during the last quarter. Hedge funds and other institutional investors own 91.43% of the company’s stock.

Moody’s Company Profile

Moody's Corporation provides credit ratings; and credit, capital markets, and economic related 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 comprising various corporate and governmental obligations, structured finance securities, and commercial paper programs.

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

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