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 guidance of $10.75-11.25 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $11.88.

Shares of Moody’s stock opened at $316.48 on Monday. The stock has a market cap of $58.67 billion, a P/E ratio of 26.87, a P/E/G ratio of 2.42 and a beta of 1.21. The stock’s 50 day simple moving average is $326.94 and its 200-day simple moving average is $357.02. Moody’s has a 1-year low of $299.68 and a 1-year high of $407.94. The company has a debt-to-equity ratio of 2.54, a current ratio of 1.61 and a quick ratio of 1.61.

Moody’s (NYSE:MCOGet Rating) last released its quarterly earnings data on Monday, May 2nd. The business services provider reported $2.89 EPS for the quarter, meeting analysts’ consensus estimates of $2.89. The firm had revenue of $1.52 billion for the quarter, compared to analysts’ expectations of $1.51 billion. Moody’s had a return on equity of 91.13% and a net margin of 35.61%. The firm’s quarterly revenue was down 4.9% on a year-over-year basis. During the same period in the prior year, the firm posted $4.06 earnings per share. As a group, research analysts expect that Moody’s will post 11.91 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, March 18th. Shareholders of record on Friday, February 25th were given a $0.70 dividend. 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. This represents a $2.80 dividend on an annualized basis and a yield of 0.88%. Moody’s’s payout ratio is presently 23.77%.

A number of brokerages have issued reports on MCO. 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 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 report on Monday, April 18th. Raymond James dropped their target price on Moody’s from $439.00 to $417.00 and set an outperform rating on the stock in a report on Thursday, April 7th. Robert W. Baird started coverage on shares of Moody’s in a research note on Tuesday, March 8th. They set an outperform rating and a $363.00 target price for the company. Finally, UBS Group decreased their target price on shares of Moody’s from $408.00 to $387.00 in a research note on Friday, February 11th. Five analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of Buy and a consensus price target of $396.54.

In other Moody’s news, CEO Robert Fauber sold 447 shares of the stock in a transaction dated Tuesday, February 1st. The shares were sold at an average price of $343.98, for a total value of $153,759.06. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.38% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. 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. Stifel Financial Corp boosted its position in Moody’s by 2.0% during the fourth quarter. Stifel Financial Corp now owns 17,130 shares of the business services provider’s stock worth $6,692,000 after acquiring an additional 339 shares during the last quarter. Penserra Capital Management LLC boosted its holdings in shares of Moody’s by 88.0% in the 4th quarter. Penserra Capital Management LLC now owns 1,284 shares of the business services provider’s stock valued at $500,000 after purchasing an additional 601 shares during the last quarter. Forum Financial Management LP acquired a new position in shares of Moody’s in the 4th quarter valued at $312,000. Finally, NewEdge Advisors LLC boosted its holdings in shares of Moody’s by 41.1% in the 4th quarter. NewEdge Advisors LLC now owns 3,583 shares of the business services provider’s stock valued at $1,399,000 after purchasing an additional 1,044 shares during the last quarter. Hedge funds and other institutional investors own 91.43% of the company’s stock.

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 and Estimates for Moody's (NYSE:MCO)

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