William Blair Brokers Lift Earnings Estimates for Moody’s Corporation (MCO)

Moody’s Corporation (NYSE:MCO) – Investment analysts at William Blair upped their FY2017 earnings per share (EPS) estimates for shares of Moody’s Corporation in a report issued on Monday. William Blair analyst T. Mchugh now expects that the business services provider will earn $5.57 per share for the year, up from their previous forecast of $5.47. William Blair also issued estimates for Moody’s Corporation’s FY2018 earnings at $6.09 EPS and FY2019 earnings at $6.62 EPS.

Moody’s Corporation (NYSE:MCO) last released its quarterly earnings results on Friday, July 21st. The business services provider reported $1.51 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.33 by $0.18. The firm had revenue of $1 billion for the quarter, compared to the consensus estimate of $968.78 million. Moody’s Corporation had a negative return on equity of 167.31% and a net margin of 12.63%. The company’s revenue for the quarter was up 7.7% on a year-over-year basis. During the same period last year, the business posted $1.30 EPS.

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A number of other equities research analysts have also weighed in on MCO. BMO Capital Markets reissued a “hold” rating and set a $124.00 price objective on shares of Moody’s Corporation in a report on Wednesday, April 26th. Barclays PLC reissued a “hold” rating and set a $118.00 price objective on shares of Moody’s Corporation in a report on Thursday, April 27th. Morgan Stanley boosted their price objective on shares of Moody’s Corporation from $117.00 to $118.00 and gave the company an “equal weight” rating in a report on Friday, April 28th. Cantor Fitzgerald reissued a “hold” rating and set a $116.00 price objective on shares of Moody’s Corporation in a report on Monday, May 8th. Finally, Zacks Investment Research lowered shares of Moody’s Corporation from a “buy” rating to a “hold” rating in a report on Monday, June 19th. Seven equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $127.13.

Moody’s Corporation (NYSE MCO) traded up 0.125% during trading on Wednesday, hitting $132.255. The stock had a trading volume of 105,964 shares. Moody’s Corporation has a 52-week low of $93.51 and a 52-week high of $135.20. The company’s 50 day moving average is $127.51 and its 200 day moving average is $117.52. The firm has a market cap of $25.27 billion, a PE ratio of 53.136 and a beta of 1.29.

Several hedge funds and other institutional investors have recently modified their holdings of MCO. Oppenheimer Asset Management Inc. purchased a new position in shares of Moody’s Corporation during the first quarter worth $101,000. TrimTabs Asset Management LLC increased its position in shares of Moody’s Corporation by 89.6% in the first quarter. TrimTabs Asset Management LLC now owns 965 shares of the business services provider’s stock worth $108,000 after buying an additional 456 shares during the period. American Beacon Advisors Inc. purchased a new position in shares of Moody’s Corporation during the first quarter worth $108,000. State of Alaska Department of Revenue purchased a new position in shares of Moody’s Corporation during the first quarter worth $113,000. Finally, IFP Advisors Inc increased its position in shares of Moody’s Corporation by 78.1% in the second quarter. IFP Advisors Inc now owns 1,145 shares of the business services provider’s stock worth $139,000 after buying an additional 502 shares during the period. Institutional investors and hedge funds own 88.46% of the company’s stock.

In other Moody’s Corporation news, insider Raymond W. Mcdaniel sold 61,666 shares of the company’s stock in a transaction on Friday, July 7th. The shares were sold at an average price of $123.23, for a total value of $7,599,101.18. Following the sale, the insider now directly owns 308,760 shares of the company’s stock, valued at $38,048,494.80. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Blair Worrall sold 11,384 shares of the company’s stock in a transaction on Friday, May 19th. The shares were sold at an average price of $114.76, for a total transaction of $1,306,427.84. Following the completion of the sale, the senior vice president now directly owns 19,359 shares in the company, valued at $2,221,638.84. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 196,161 shares of company stock worth $23,948,699. 1.17% of the stock is owned by corporate insiders.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 12th. Shareholders of record on Tuesday, August 22nd will be issued a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 1.15%. The ex-dividend date is Friday, August 18th. Moody’s Corporation’s payout ratio is 61.29%.

Moody’s Corporation Company Profile

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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