Moody's (MCO) Updates FY18 Earnings Guidance

Moody's (NYSE:MCO) issued an update on its FY18 earnings guidance on Friday morning. The company provided earnings per share guidance of $6.80-7.00 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $6.86.

Moody's (NYSE MCO) opened at $152.14 on Friday. The stock has a market capitalization of $30,189.98, a PE ratio of 27.57, a price-to-earnings-growth ratio of 2.11 and a beta of 1.36. The company has a debt-to-equity ratio of -32.57, a quick ratio of 1.15 and a current ratio of 1.15. Moody's has a 12 month low of $106.67 and a 12 month high of $167.23.

Moody's (NYSE:MCO) last released its quarterly earnings results on Friday, February 9th. The business services provider reported $1.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.45 by $0.06. The business had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.07 billion. Moody's had a negative return on equity of 187.20% and a net margin of 13.73%. The company’s quarterly revenue was up 23.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.23 EPS. equities research analysts expect that Moody's will post 6 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 12th. Stockholders of record on Tuesday, February 20th will be paid a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.16%. The ex-dividend date is Friday, February 16th. This is an increase from Moody's’s previous quarterly dividend of $0.38. Moody's’s payout ratio is presently 54.29%.

A number of equities analysts have recently weighed in on MCO shares. Nomura started coverage on Moody's in a research note on Thursday, January 11th. They issued a buy rating and a $180.00 target price on the stock. Stifel Nicolaus started coverage on Moody's in a research note on Tuesday, December 19th. They issued a hold rating and a $167.00 target price on the stock. Cantor Fitzgerald restated a hold rating and issued a $148.00 target price on shares of Moody's in a research note on Monday, November 6th. Credit Suisse Group boosted their target price on Moody's from $137.00 to $161.00 and gave the stock a neutral rating in a research note on Monday, November 6th. Finally, UBS Group boosted their target price on Moody's from $142.00 to $150.00 and gave the stock a neutral rating in a research note on Monday, November 6th. Seven equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of Buy and an average price target of $155.82.

In related news, Director Ewald Kist sold 4,000 shares of the company’s stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $142.00, for a total value of $568,000.00. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Darrell Duffie sold 500 shares of the company’s stock in a transaction that occurred on Friday, December 29th. The shares were sold at an average price of $147.93, for a total value of $73,965.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 5,005 shares of company stock worth $716,738. 1.17% of the stock is owned by company insiders.

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Moody's 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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