Moody’s Corporation (NYSE:MCO) is set to announce its earnings results before the market opens on Friday, November 3rd. Analysts expect the company to announce earnings of $1.37 per share for the quarter.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 12th. Shareholders of record on Tuesday, November 21st will be issued a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.07%. The ex-dividend date of this dividend is Monday, November 20th. Moody’s Corporation’s payout ratio is 61.29%.
A number of research firms have issued reports on MCO. BMO Capital Markets restated a “hold” rating and set a $143.00 price target on shares of Moody’s Corporation in a report on Friday, October 13th. Morgan Stanley restated an “equal weight” rating and set a $135.00 price target (up from $134.00) on shares of Moody’s Corporation in a report on Friday, October 6th. Piper Jaffray Companies restated a “hold” rating and set a $149.00 price target (up from $140.00) on shares of Moody’s Corporation in a report on Wednesday, October 4th. Barclays PLC increased their price target on Moody’s Corporation from $135.00 to $150.00 and gave the stock an “equal weight” rating in a report on Friday, September 15th. Finally, Credit Suisse Group restated a “neutral” rating and set a $137.00 price target (up from $131.00) on shares of Moody’s Corporation in a report on Wednesday, August 30th. They noted that the move was a valuation call. Seven investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the stock. Moody’s Corporation currently has a consensus rating of “Hold” and an average target price of $141.50.
In related news, insider Raymond W. Mcdaniel sold 45,216 shares of the stock in a transaction on Monday, August 7th. The stock was sold at an average price of $129.03, for a total value of $5,834,220.48. Following the completion of the sale, the insider now directly owns 292,310 shares of the company’s stock, valued at approximately $37,716,759.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Darrell Duffie sold 500 shares of the stock in a transaction on Friday, September 29th. The shares were sold at an average price of $138.41, for a total value of $69,205.00. Following the completion of the sale, the director now directly owns 21,804 shares of the company’s stock, valued at $3,017,891.64. The disclosure for this sale can be found here. Insiders have sold 90,932 shares of company stock worth $11,969,604 over the last ninety days. 1.17% of the stock is owned by insiders.
About Moody’s Corporation
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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