Zacks: Analysts Anticipate Moody's Co. (MCO) Will Post Quarterly Sales of $1.06 Billion

Analysts expect that Moody's Co. (NYSE:MCO) will announce sales of $1.06 billion for the current quarter, Zacks Investment Research reports. Four analysts have provided estimates for Moody's’ earnings. The highest sales estimate is $1.08 billion and the lowest is $1.04 billion. Moody's posted sales of $942.10 million in the same quarter last year, which would indicate a positive year over year growth rate of 12.5%. The business is expected to announce its next quarterly earnings report before the market opens on Friday, February 9th.

On average, analysts expect that Moody's will report full year sales of $1.06 billion for the current financial year, with estimates ranging from $4.02 billion to $4.13 billion. For the next financial year, analysts anticipate that the firm will post sales of $4.51 billion per share, with estimates ranging from $4.45 billion to $4.58 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that follow Moody's.

Moody's (NYSE:MCO) last posted its quarterly earnings data on Friday, November 3rd. The business services provider reported $1.52 EPS for the quarter, topping the Zacks’ consensus estimate of $1.37 by $0.15. The company had revenue of $1.06 billion for the quarter, compared to analyst estimates of $992.81 million. Moody's had a negative return on equity of 187.20% and a net margin of 13.73%. The firm’s quarterly revenue was up 15.9% on a year-over-year basis. During the same period in the previous year, the firm earned $1.34 earnings per share.

Several equities analysts have issued reports 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 price target on the stock. Cantor Fitzgerald reissued a “hold” rating and issued a $148.00 price target on shares of Moody's in a research note on Wednesday, November 29th. Stifel Nicolaus started coverage on Moody's in a research note on Tuesday, December 19th. They issued a “hold” rating and a $167.00 price target on the stock. BMO Capital Markets boosted their price target on Moody's from $143.00 to $146.00 and gave the company a “market perform” rating in a research note on Monday, November 6th. Finally, Credit Suisse Group boosted their price target on Moody's from $137.00 to $161.00 and gave the company a “neutral” rating in a research note on Monday, November 6th. Seven analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $155.82.

In other news, Director Darrell Duffie sold 500 shares of the business’s stock in a transaction that occurred on Friday, December 29th. The stock was sold at an average price of $147.93, for a total transaction of $73,965.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Ewald Kist sold 4,000 shares of the business’s stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $142.00, for a total value of $568,000.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 5,000 shares of company stock valued at $715,930. Corporate insiders own 1.17% of the company’s stock.

A number of institutional investors have recently made changes to their positions in MCO. Grove Bank & Trust grew its holdings in Moody's by 156.7% during the third quarter. Grove Bank & Trust now owns 901 shares of the business services provider’s stock worth $125,000 after buying an additional 550 shares in the last quarter. Sun Life Financial INC grew its holdings in Moody's by 12,200.0% during the second quarter. Sun Life Financial INC now owns 1,230 shares of the business services provider’s stock worth $150,000 after buying an additional 1,220 shares in the last quarter. Salem Investment Counselors Inc. grew its holdings in Moody's by 0.6% during the second quarter. Salem Investment Counselors Inc. now owns 1,346 shares of the business services provider’s stock worth $164,000 after buying an additional 8 shares in the last quarter. Invictus RG bought a new stake in Moody's during the third quarter worth $199,000. Finally, IFC Holdings Incorporated FL bought a new stake in Moody's during the third quarter worth $203,000. Institutional investors and hedge funds own 87.33% of the company’s stock.

Moody's (NYSE:MCO) traded up $1.60 during trading on Thursday, hitting $159.18. The company had a trading volume of 781,341 shares, compared to its average volume of 549,146. The company has a debt-to-equity ratio of -32.57, a quick ratio of 1.15 and a current ratio of 1.15. The firm has a market capitalization of $30,419.30, a price-to-earnings ratio of 56.85, a P/E/G ratio of 2.57 and a beta of 1.36. Moody's has a one year low of $98.25 and a one year high of $160.13.

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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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