Moody’s Corporation (NYSE:MCO) – Analysts at William Blair lifted their FY2017 earnings per share estimates for shares of Moody’s Corporation in a note issued to investors on Monday. William Blair analyst T. Mchugh now forecasts that the business services provider will post earnings of $5.57 per share for the year, up from their previous estimate 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 issued its quarterly earnings results on Friday, July 21st. The business services provider reported $1.51 EPS for the quarter, topping the consensus estimate of $1.33 by $0.18. Moody’s Corporation had a net margin of 12.63% and a negative return on equity of 167.31%. The business had revenue of $1 billion for the quarter, compared to analysts’ expectations of $968.78 million. During the same quarter last year, the company posted $1.30 earnings per share. The company’s quarterly revenue was up 7.7% compared to the same quarter last year. ILLEGAL ACTIVITY WARNING: “FY2017 Earnings Forecast for Moody’s Corporation Issued By William Blair (MCO)” was posted by Community Financial News and is the property of of Community Financial News. If you are reading this article on another domain, it was illegally copied and republished in violation of U.S. & international copyright laws. The legal version of this article can be accessed at https://www.com-unik.info/2017/08/16/fy2017-earnings-forecast-for-moodys-corporation-issued-by-william-blair-mco.html.
Several other brokerages have also weighed in on MCO. UBS AG reiterated a “neutral” rating and set a $138.00 target price (up from $121.00) on shares of Moody’s Corporation in a research report on Tuesday, July 25th. Morgan Stanley restated an “equal weight” rating and issued a $131.00 price target (up from $122.00) on shares of Moody’s Corporation in a research report on Tuesday, July 25th. Barclays PLC restated an “equal weight” rating and issued a $135.00 price target (up from $128.00) on shares of Moody’s Corporation in a research report on Monday, July 24th. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $128.00 target price (up from $116.00) on shares of Moody’s Corporation in a research note on Monday, July 24th. Finally, Zacks Investment Research raised shares of Moody’s Corporation from a “sell” rating to a “buy” rating and set a $140.00 target price for the company in a research note on Monday, July 17th. Six research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $127.13.
Moody’s Corporation (NYSE:MCO) opened at 132.20 on Wednesday. The company has a market cap of $25.25 billion, a PE ratio of 53.11 and a beta of 1.29. The stock’s 50 day moving average is $127.17 and its 200 day moving average is $117.42. Moody’s Corporation has a 12 month low of $93.51 and a 12 month high of $135.20.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 12th. Stockholders of record on Tuesday, August 22nd will be given a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 1.15%. The ex-dividend date of this dividend is Friday, August 18th. Moody’s Corporation’s payout ratio is presently 61.29%.
In other Moody’s Corporation news, SVP Blair Worrall sold 11,384 shares of the stock in a transaction dated 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 sale, the senior vice president now directly owns 19,359 shares in the company, valued at $2,221,638.84. The sale was disclosed in a 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 dated Friday, June 30th. The stock was sold at an average price of $121.64, for a total transaction of $60,820.00. Following the sale, the director now owns 22,268 shares in the company, valued at $2,708,679.52. The disclosure for this sale can be found here. Insiders sold 196,161 shares of company stock worth $23,948,699 over the last three months. Insiders own 1.17% of the company’s stock.
Several large investors have recently bought and sold shares of MCO. Oppenheimer Asset Management Inc. bought a new stake in Moody’s Corporation during the first quarter worth $101,000. TrimTabs Asset Management LLC raised 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. acquired a new position in shares of Moody’s Corporation during the first quarter worth about $108,000. State of Alaska Department of Revenue acquired a new position in shares of Moody’s Corporation during the first quarter worth about $113,000. Finally, Advisory Services Network LLC acquired a new position in shares of Moody’s Corporation during the first quarter worth about $137,000. Institutional investors own 88.46% of the company’s stock.
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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