Moody's Co. (MCO) Updates FY14 Earnings Guidance
Moody's Co. (NYSE:MCO) issued an update on its FY14 earnings guidance on Friday morning. The company provided earnings per share guidance of $3.90-4.00 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $3.95, AmericanBankingNews.com reports.
Shares of Moody's Co. (NYSE:MCO) opened at 79.65 on Friday. Moody's Co. has a one year low of $54.77 and a one year high of $85.70. The stock’s 50-day moving average is $79.71 and its 200-day moving average is $76.17. The company has a market cap of $17.021 billion and a P/E ratio of 22.13.
Moody's Co. (NYSE:MCO) last issued its quarterly earnings data on Friday, April 25th. The company reported $0.97 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.91 by $0.06. The company had revenue of $767.20 million for the quarter, compared to the consensus estimate of $770.18 million. During the same quarter in the prior year, the company posted $0.97 earnings per share. The company’s quarterly revenue was up 4.8% on a year-over-year basis. On average, analysts predict that Moody's Co. will post $3.95 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, June 10th. Investors of record on Tuesday, May 20th will be paid a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 1.41%.
MCO has been the subject of a number of recent research reports. Analysts at Janney Montgomery Scott initiated coverage on shares of Moody's Co. in a research note on Friday, March 28th. They set a neutral rating and a $80.00 price target on the stock. On a related note, analysts at Zacks reiterated a neutral rating on shares of Moody's Co. in a research note on Wednesday, March 26th. They now have a $84.00 price target on the stock. Finally, analysts at Wells Fargo & Co. initiated coverage on shares of Moody's Co. in a research note on Wednesday, February 12th. They set a market perform rating on the stock. Seven analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Moody's Co. presently has an average rating of Buy and an average target price of $81.25.
Moody’s Corporation (NYSE:MCO) is a provider of credit ratings; credit, capital markets and economic related research, data and analytical tools; software solutions and related risk management services; quantitative credit risk measures, financial services training and certification services, and outsourced research and analytical services to institutional customers.
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