Moody’s (NYSE:MCO) Issues Earnings Results

Moody’s (NYSE:MCOGet Rating) issued its quarterly earnings data on Monday. The business services provider reported $2.89 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $2.89, RTT News reports. Moody’s had a return on equity of 91.13% and a net margin of 35.61%. The business had revenue of $1.52 billion during the quarter, compared to analyst estimates of $1.51 billion. During the same period in the previous year, the firm earned $4.06 EPS. Moody’s’s quarterly revenue was down 4.9% compared to the same quarter last year. Moody’s updated its FY22 guidance to $10.75-11.25 EPS.

Shares of NYSE MCO opened at $316.48 on Monday. The company has a debt-to-equity ratio of 2.54, a current ratio of 1.61 and a quick ratio of 1.61. The stock’s fifty day moving average price is $326.94 and its two-hundred day moving average price is $357.02. Moody’s has a one year low of $299.68 and a one year high of $407.94. The firm has a market cap of $58.67 billion, a price-to-earnings ratio of 26.87, a P/E/G ratio of 2.42 and a beta of 1.21.

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 18th. Shareholders of record on Friday, February 25th were issued a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a yield of 0.88%. This is a positive change from Moody’s’s previous quarterly dividend of $0.62. The ex-dividend date of this dividend was Thursday, February 24th. Moody’s’s dividend payout ratio is currently 23.77%.

In other Moody’s news, CEO Robert Fauber sold 447 shares of the company’s stock in a transaction on Tuesday, February 1st. The stock was sold at an average price of $343.98, for a total value of $153,759.06. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 0.38% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. NEXT Financial Group Inc grew its holdings in shares of Moody’s by 77.8% during the 4th quarter. NEXT Financial Group Inc now owns 176 shares of the business services provider’s stock worth $69,000 after purchasing an additional 77 shares in the last quarter. Forum Financial Management LP acquired a new stake in shares of Moody’s during the 4th quarter worth $312,000. Qtron Investments LLC acquired a new stake in shares of Moody’s during the 4th quarter worth $479,000. Penserra Capital Management LLC grew its holdings in shares of Moody’s by 88.0% during the 4th quarter. Penserra Capital Management LLC now owns 1,284 shares of the business services provider’s stock worth $500,000 after purchasing an additional 601 shares in the last quarter. Finally, NewEdge Advisors LLC grew its holdings in shares of Moody’s by 41.1% during the 4th quarter. NewEdge Advisors LLC now owns 3,583 shares of the business services provider’s stock worth $1,399,000 after purchasing an additional 1,044 shares in the last quarter. 91.43% of the stock is currently owned by institutional investors.

Several equities research analysts have commented on the company. Morgan Stanley cut their target price on Moody’s from $360.00 to $350.00 and set an “equal weight” rating on the stock in a research note on Monday, April 4th. UBS Group cut their target price on Moody’s from $408.00 to $387.00 in a research note on Friday, February 11th. Credit Suisse Group cut their target price on Moody’s from $415.00 to $395.00 and set an “outperform” rating on the stock in a research note on Friday, March 11th. Stifel Nicolaus dropped their price objective on Moody’s from $400.00 to $385.00 and set a “hold” rating on the stock in a research note on Friday, March 4th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on Moody’s in a research note on Tuesday, March 29th. They set a “buy” rating and a $408.00 price objective on the stock. Five investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $396.54.

Moody’s Company Profile (Get Rating)

Moody's Corporation operates as an integrated risk assessment firm worldwide. It operates in two segments, Moody's Investors Service and Moody's Analytics. The Moody's Investors Service segment publishes credit ratings and provides assessment services on various debt obligations, programs and facilities, and entities that issue such obligations, such as various corporate, financial institution, and governmental obligations, as well as and structured finance securities.

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Earnings History for Moody's (NYSE:MCO)

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