Analysts forecast that Moody’s Co. (NYSE:MCO) will announce earnings per share (EPS) of $1.79 for the current quarter, according to Zacks Investment Research. Five analysts have made estimates for Moody’s’ earnings, with the highest EPS estimate coming in at $1.85 and the lowest estimate coming in at $1.71. Moody’s posted earnings of $1.51 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 18.5%. The business is expected to report its next quarterly earnings results on Friday, February 8th.

On average, analysts expect that Moody’s will report full-year earnings of $7.55 per share for the current year, with EPS estimates ranging from $7.47 to $7.60. For the next financial year, analysts expect that the business will report earnings of $8.06 per share, with EPS estimates ranging from $7.66 to $8.23. Zacks Investment Research’s EPS calculations are a mean average based on a survey of analysts that that provide coverage for Moody’s.

Moody’s (NYSE:MCO) last issued its quarterly earnings data on Friday, October 26th. The business services provider reported $1.69 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.78 by ($0.09). Moody’s had a net margin of 23.85% and a return on equity of 412.48%. The firm had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.13 billion. During the same quarter in the prior year, the business earned $1.52 earnings per share. The company’s revenue for the quarter was up 1.7% compared to the same quarter last year.

MCO has been the topic of a number of recent analyst reports. William Blair restated a “buy” rating on shares of Moody’s in a research report on Sunday, August 12th. UBS Group dropped their price target on shares of Moody’s from $192.00 to $189.00 and set a “neutral” rating on the stock in a research report on Friday, September 21st. ValuEngine downgraded shares of Moody’s from a “buy” rating to a “hold” rating in a research report on Wednesday, October 3rd. Zacks Investment Research upgraded shares of Moody’s from a “sell” rating to a “hold” rating in a research report on Friday, October 5th. Finally, Morgan Stanley set a $171.00 price target on shares of Moody’s and gave the stock a “hold” rating in a research report on Thursday, October 11th. Ten investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $177.33.

In related news, SVP Blair Worrall sold 5,561 shares of the business’s stock in a transaction that occurred on Friday, November 16th. The shares were sold at an average price of $147.43, for a total value of $819,858.23. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 1.00% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its holdings in shares of Moody’s by 0.3% in the 3rd quarter. Vanguard Group Inc. now owns 16,870,550 shares of the business services provider’s stock worth $2,820,756,000 after purchasing an additional 55,968 shares in the last quarter. BlackRock Inc. raised its holdings in shares of Moody’s by 1.0% in the 2nd quarter. BlackRock Inc. now owns 11,042,889 shares of the business services provider’s stock worth $1,883,479,000 after purchasing an additional 114,722 shares in the last quarter. FMR LLC raised its holdings in shares of Moody’s by 5.8% in the 3rd quarter. FMR LLC now owns 2,565,124 shares of the business services provider’s stock worth $428,888,000 after purchasing an additional 140,227 shares in the last quarter. Capital World Investors raised its holdings in shares of Moody’s by 31.7% in the 3rd quarter. Capital World Investors now owns 1,705,434 shares of the business services provider’s stock worth $285,149,000 after purchasing an additional 410,320 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in shares of Moody’s by 0.7% in the 3rd quarter. Bank of New York Mellon Corp now owns 1,423,853 shares of the business services provider’s stock worth $238,071,000 after purchasing an additional 9,246 shares in the last quarter. Institutional investors and hedge funds own 87.76% of the company’s stock.

MCO stock opened at $149.84 on Tuesday. Moody’s has a 52 week low of $139.11 and a 52 week high of $187.98. The stock has a market cap of $29.21 billion, a price-to-earnings ratio of 24.69, a P/E/G ratio of 1.83 and a beta of 1.22. The company has a debt-to-equity ratio of 7.40, a quick ratio of 1.38 and a current ratio of 1.38.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 12th. Investors of record on Wednesday, November 21st will be issued a $0.44 dividend. The ex-dividend date is Tuesday, November 20th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 1.17%. Moody’s’s payout ratio is currently 29.00%.

About Moody’s

Moody's Corporation provides credit ratings; and credit, capital markets, and economic related research, data, and analytical tools worldwide. It operates through two segments, Moody's Investors Service and Moody's Analytics. The Moody's Investors Service segment publishes credit ratings on various debt obligations and entities that issue such obligations comprising various corporate and governmental obligations, structured finance securities, and commercial paper programs.

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Earnings History and Estimates for Moody`s (NYSE:MCO)

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