Moody’s (NYSE:MCO) Issues FY22 Earnings Guidance

Moody’s (NYSE:MCOGet Rating) issued an update on its FY22 earnings guidance on Monday morning. The company provided earnings per share (EPS) guidance of $10.75-11.25 for the period, compared to the Thomson Reuters consensus estimate of $11.88.

Several analysts have issued reports on MCO shares. Deutsche Bank Aktiengesellschaft initiated coverage on Moody’s in a report on Tuesday, March 29th. They set a buy rating and a $408.00 price target for the company. Raymond James lowered their price target on shares of Moody’s from $439.00 to $417.00 and set an outperform rating on the stock in a report on Thursday, April 7th. Morgan Stanley decreased their price objective on shares of Moody’s from $360.00 to $350.00 and set an equal weight rating on the stock in a research report on Monday, April 4th. BMO Capital Markets upped their price objective on Moody’s from $365.00 to $375.00 and gave the stock an outperform rating in a research note on Monday, April 18th. Finally, Robert W. Baird began coverage on Moody’s in a research note on Tuesday, March 8th. They set an outperform rating and a $363.00 target price on the stock. Five equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, Moody’s currently has a consensus rating of Buy and a consensus price target of $396.54.

Shares of MCO opened at $316.48 on Monday. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 2.54. The company has a market cap of $58.67 billion, a price-to-earnings ratio of 26.87, a price-to-earnings-growth ratio of 2.42 and a beta of 1.21. Moody’s has a twelve month low of $299.68 and a twelve month high of $407.94. The company has a 50 day moving average of $326.94 and a two-hundred day moving average of $357.02.

Moody’s (NYSE:MCOGet Rating) last posted its quarterly earnings results on Monday, May 2nd. The business services provider reported $2.89 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $2.89. 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 for the quarter, compared to the consensus estimate of $1.51 billion. During the same quarter in the previous year, the business earned $4.06 EPS. The company’s quarterly revenue was down 4.9% compared to the same quarter last year. On average, sell-side analysts expect that Moody’s will post 11.91 EPS for the current year.

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

In related news, CEO Robert Fauber sold 447 shares of the company’s stock in a transaction dated Tuesday, February 1st. The stock was sold at an average price of $343.98, for a total value of $153,759.06. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.38% of the stock is owned by company insiders.

Several hedge funds have recently added to or reduced their stakes in the company. Morgan Stanley increased its position in shares of Moody’s by 6.9% during the second quarter. Morgan Stanley now owns 2,014,775 shares of the business services provider’s stock worth $730,094,000 after purchasing an additional 130,904 shares in the last quarter. Stifel Financial Corp raised its position in shares of Moody’s by 2.0% in the fourth quarter. Stifel Financial Corp now owns 17,130 shares of the business services provider’s stock valued at $6,692,000 after buying an additional 339 shares during the last quarter. Penserra Capital Management LLC lifted its stake in shares of Moody’s by 88.0% in the fourth quarter. Penserra Capital Management LLC now owns 1,284 shares of the business services provider’s stock worth $500,000 after buying an additional 601 shares in the last quarter. NEXT Financial Group Inc boosted its position in Moody’s by 77.8% during the fourth quarter. NEXT Financial Group Inc now owns 176 shares of the business services provider’s stock worth $69,000 after acquiring an additional 77 shares during the last quarter. Finally, Bank Julius Baer & Co. Ltd Zurich grew its stake in Moody’s by 690.9% during the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 5,323 shares of the business services provider’s stock valued at $2,079,000 after acquiring an additional 4,650 shares in the last quarter. 91.43% of the stock is owned by institutional investors and hedge funds.

About Moody’s (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 and Estimates for Moody's (NYSE:MCO)

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