Moody's (NYSE:MCO) released its earnings results on Friday, February 9th. The business services provider reported $1.51 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.45 by $0.06, Bloomberg Earnings reports. The firm had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.07 billion. Moody's had a net margin of 23.80% and a negative return on equity of 319.45%. The company’s revenue was up 23.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.23 EPS. Moody's updated its FY18 guidance to $6.80-7.00 EPS.
Moody's (NYSE:MCO) traded up $1.66 during mid-day trading on Friday, hitting $168.21. 744,504 shares of the company’s stock were exchanged, compared to its average volume of 1,000,166. Moody's has a 12-month low of $109.55 and a 12-month high of $169.06. The stock has a market capitalization of $32,128.11, a PE ratio of 27.99, a price-to-earnings-growth ratio of 1.99 and a beta of 1.36. The company has a debt-to-equity ratio of -48.22, a current ratio of 1.25 and a quick ratio of 1.15.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 12th. Shareholders of record on Tuesday, February 20th will be given a $0.44 dividend. This is a boost from Moody's’s previous quarterly dividend of $0.38. The ex-dividend date of this dividend is Friday, February 16th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.05%. Moody's’s payout ratio is presently 29.51%.
In other Moody's news, Director Darrell Duffie sold 500 shares of the business’s stock in a transaction dated Friday, December 29th. The shares were sold at an average price of $147.93, for a total value of $73,965.00. Following the transaction, the director now owns 21,336 shares in the company, valued at $3,156,234.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders sold 1,005 shares of company stock worth $148,738 in the last 90 days. Corporate insiders own 1.17% of the company’s stock.
MCO has been the subject of several analyst reports. Stifel Nicolaus initiated coverage on shares of Moody's in a report on Tuesday, December 19th. They issued a “hold” rating and a $167.00 price objective for the company. Nomura initiated coverage on shares of Moody's in a report on Thursday, January 11th. They issued a “buy” rating and a $180.00 price target for the company. Barclays raised shares of Moody's from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $150.00 to $165.00 in a report on Friday, November 17th. UBS Group raised their price target on shares of Moody's from $142.00 to $150.00 and gave the company a “neutral” rating in a report on Monday, November 6th. Finally, BMO Capital Markets raised their price objective on shares of Moody's from $143.00 to $146.00 and gave the company a “market perform” rating in a research report on Monday, November 6th. Eight investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $163.50.
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Moody’s Corporation (Moody’s) is a provider of credit ratings; credit, capital markets and economic related research, data and analytical tools; software solutions and related risk management services, quantitative credit risk measures, financial services training and certification services, and research and analytical services to financial institution customers.
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