$1.18 Billion in Sales Expected for Moody’s Co. (MCO) This Quarter

Equities research analysts expect Moody’s Co. (NYSE:MCO) to post $1.18 billion in sales for the current quarter, according to Zacks. Five analysts have made estimates for Moody’s’ earnings. The highest sales estimate is $1.22 billion and the lowest is $1.15 billion. Moody’s also reported sales of $1.18 billion in the same quarter last year. The company is expected to issue its next quarterly earnings results on Friday, July 26th.

On average, analysts expect that Moody’s will report full-year sales of $4.67 billion for the current financial year, with estimates ranging from $4.59 billion to $4.71 billion. For the next year, analysts expect that the firm will report sales of $4.96 billion, with estimates ranging from $4.84 billion to $5.08 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that that provide coverage for Moody’s.

Moody’s (NYSE:MCO) last issued its quarterly earnings results on Wednesday, April 24th. The business services provider reported $2.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.88 by $0.19. The business had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.13 billion. Moody’s had a return on equity of 281.55% and a net margin of 29.38%. The business’s quarterly revenue was up 1.4% on a year-over-year basis. During the same period in the prior year, the firm posted $2.02 earnings per share.

MCO has been the topic of a number of research analyst reports. UBS Group boosted their price objective on shares of Moody’s from $170.00 to $198.00 and gave the company a “neutral” rating in a report on Tuesday, April 9th. Wells Fargo & Co boosted their price objective on shares of Moody’s from $170.00 to $195.00 and gave the company a “market perform” rating in a report on Thursday, April 25th. BMO Capital Markets boosted their price objective on shares of Moody’s from $189.00 to $194.00 and gave the company a “market perform” rating in a report on Thursday, April 25th. Cantor Fitzgerald reissued a “hold” rating and set a $145.00 price objective on shares of Moody’s in a report on Friday, February 15th. Finally, Piper Jaffray Companies boosted their price objective on shares of Moody’s from $178.00 to $205.00 and gave the company a “neutral” rating in a report on Friday, April 5th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $183.00.

Shares of MCO opened at $186.65 on Thursday. The firm has a market cap of $34.79 billion, a PE ratio of 25.26, a P/E/G ratio of 2.22 and a beta of 1.30. The company has a debt-to-equity ratio of 17.70, a quick ratio of 1.45 and a current ratio of 1.45. Moody’s has a 1-year low of $129.26 and a 1-year high of $197.73.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Stockholders of record on Monday, May 20th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.07%. The ex-dividend date is Friday, May 17th. Moody’s’s dividend payout ratio (DPR) is presently 27.06%.

In other Moody’s news, insider Raymond W. Mcdaniel sold 55,421 shares of the company’s stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $193.11, for a total value of $10,702,349.31. Following the sale, the insider now directly owns 241,024 shares of the company’s stock, valued at $46,544,144.64. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Robert Fauber sold 460 shares of the company’s stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $184.85, for a total transaction of $85,031.00. Following the completion of the sale, the insider now directly owns 47,406 shares in the company, valued at $8,762,999.10. The disclosure for this sale can be found here. Insiders have sold 172,764 shares of company stock worth $32,036,176 over the last three months. Corporate insiders own 0.90% of the company’s stock.

Large investors have recently bought and sold shares of the business. Cresset Asset Management LLC purchased a new stake in Moody’s in the first quarter valued at $32,000. University of Texas Texas AM Investment Managment Co. acquired a new position in shares of Moody’s in the first quarter worth about $36,000. Pearl River Capital LLC acquired a new position in shares of Moody’s in the fourth quarter worth about $28,000. Rockefeller Capital Management L.P. acquired a new position in shares of Moody’s in the first quarter worth about $37,000. Finally, Resources Investment Advisors Inc. acquired a new position in shares of Moody’s in the first quarter worth about $40,000. 93.51% of the stock is currently owned by institutional investors.

Moody’s Company Profile

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

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