Moody’s (NYSE:MCO – Get Free Report) posted its earnings results on Thursday. The business services provider reported $3.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.06 by $0.31, RTT News reports. Moody’s had a return on equity of 55.23% and a net margin of 27.16%. The firm had revenue of $1.79 billion for the quarter, compared to analyst estimates of $1.70 billion. During the same quarter in the prior year, the company earned $2.99 EPS. Moody’s’s revenue was up 21.5% on a year-over-year basis.
Moody’s Trading Up 0.9 %
MCO opened at $376.40 on Friday. The firm has a market cap of $68.69 billion, a price-to-earnings ratio of 43.12, a price-to-earnings-growth ratio of 2.94 and a beta of 1.26. Moody’s has a 52 week low of $296.45 and a 52 week high of $407.62. The business’s 50 day moving average is $384.07 and its two-hundred day moving average is $372.82. The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 2.01.
Moody’s Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, February 23rd were paid a dividend of $0.85 per share. This represents a $3.40 dividend on an annualized basis and a yield of 0.90%. The ex-dividend date was Thursday, February 22nd. This is an increase from Moody’s’s previous quarterly dividend of $0.77. Moody’s’s dividend payout ratio (DPR) is currently 38.95%.
Analyst Ratings Changes
Get Our Latest Stock Analysis on MCO
About Moody’s
Moody's Corporation operates as an integrated risk assessment firm worldwide. It operates in two segments, Moody's Analytics and Moody's Investors Services. The Moody's Analytics segment develops a range of products and services that support the risk management activities of institutional participants in financial markets.
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