Moody's (NYSE:MCO) Posts Quarterly Earnings Results, Beats Estimates By $0.06 EPS

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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About Moody's

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.

Earnings History for Moody's (NYSE:MCO)

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