Moody’s Corporation (MCO) Announces Quarterly Earnings Results, Beats Expectations By $0.15 EPS

Moody’s Corporation (NYSE:MCO) released its quarterly earnings data on Friday. The business services provider reported $1.52 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.37 by $0.15, Bloomberg Earnings reports. Moody’s Corporation had a net margin of 12.63% and a negative return on equity of 167.31%. The firm had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $992.81 million. During the same period last year, the business earned $1.34 earnings per share. Moody’s Corporation’s revenue was up 15.9% compared to the same quarter last year. Moody’s Corporation updated its FY17 guidance to $5.85-6.00 EPS.

Moody’s Corporation (MCO) traded up $2.80 during mid-day trading on Friday, reaching $146.29. 1,918,406 shares of the company’s stock were exchanged, compared to its average volume of 685,200. The company has a quick ratio of 3.69, a current ratio of 3.68 and a debt-to-equity ratio of -10.45. The company has a market cap of $27.41 billion, a price-to-earnings ratio of 25.86, a PEG ratio of 2.64 and a beta of 1.35.

The business also recently disclosed 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. The ex-dividend date is Monday, November 20th. This represents a $1.52 dividend on an annualized basis and a yield of 1.04%. Moody’s Corporation’s payout ratio is currently 61.29%.

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Several equities research analysts recently issued reports on the stock. BMO Capital Markets restated a “hold” rating and set a $143.00 price objective on shares of Moody’s Corporation in a research report on Friday, October 13th. Morgan Stanley reaffirmed an “equal weight” rating and set a $135.00 target price (up previously from $134.00) on shares of Moody’s Corporation in a research note on Friday, October 6th. Piper Jaffray Companies reissued a “hold” rating and issued a $149.00 price objective (up previously from $140.00) on shares of Moody’s Corporation in a research note on Wednesday, October 4th. Barclays PLC raised their price objective on shares of Moody’s Corporation from $135.00 to $150.00 and gave the company an “equal weight” rating in a research note on Friday, September 15th. Finally, Credit Suisse Group reissued a “neutral” rating and issued a $137.00 price objective (up previously from $131.00) on shares of Moody’s Corporation in a research note 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 given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $141.50.

In other news, insider Raymond W. Mcdaniel sold 45,216 shares of the company’s stock in a transaction dated Thursday, September 7th. The stock was sold at an average price of $134.16, for a total transaction of $6,066,178.56. Following the completion of the transaction, the insider now directly owns 292,310 shares of the company’s stock, valued at $39,216,309.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Darrell Duffie sold 500 shares of the company’s stock in a transaction dated Friday, September 29th. The stock was sold at an average price of $138.41, for a total value of $69,205.00. Following the transaction, 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 valued at $11,969,604 over the last ninety days. 1.17% of the stock is owned by insiders.

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.

Earnings History for Moody`s Corporation (NYSE:MCO)

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