Brokerages expect Moody’s Corporation (NYSE:MCO) to announce earnings of $1.28 per share for the current quarter, according to Zacks. Three analysts have provided estimates for Moody’s Corporation’s earnings, with the lowest EPS estimate coming in at $1.22 and the highest estimate coming in at $1.36. Moody’s Corporation reported earnings of $1.34 per share in the same quarter last year, which suggests a negative year-over-year growth rate of 4.5%. The business is expected to report its next quarterly earnings results on Friday, October 20th.

According to Zacks, analysts expect that Moody’s Corporation will report full year earnings of $5.50 per share for the current year, with EPS estimates ranging from $5.42 to $5.57. For the next fiscal year, analysts expect that the business will post earnings of $6.16 per share, with EPS estimates ranging from $6.05 to $6.33. Zacks’ EPS calculations are a mean average based on a survey of sell-side research firms that follow Moody’s Corporation.

Moody’s Corporation (NYSE:MCO) last announced its quarterly earnings results on Friday, July 21st. The business services provider reported $1.51 earnings per share for the quarter, topping analysts’ consensus estimates of $1.33 by $0.18. Moody’s Corporation had a negative return on equity of 167.31% and a net margin of 12.63%. The company had revenue of $1 billion during the quarter, compared to analysts’ expectations of $968.78 million. During the same quarter in the previous year, the firm earned $1.30 earnings per share. The business’s quarterly revenue was up 7.7% compared to the same quarter last year.

MCO has been the subject of several analyst reports. Zacks Investment Research cut Moody’s Corporation from a “buy” rating to a “hold” rating in a report on Monday, June 19th. BidaskClub cut Moody’s Corporation from a “strong-buy” rating to a “buy” rating in a report on Thursday, June 22nd. Barclays PLC raised their target price on shares of Moody’s Corporation from $118.00 to $128.00 and gave the company an “equal weight” rating in a research note on Wednesday, June 28th. BMO Capital Markets raised their target price on shares of Moody’s Corporation from $124.00 to $127.00 and gave the company a “market perform” rating in a research note on Friday, July 14th. Finally, Cantor Fitzgerald reiterated a “neutral” rating and issued a $128.00 target price (up from $116.00) on shares of Moody’s Corporation in a research note on Monday, July 24th. Six equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $136.71.

COPYRIGHT VIOLATION WARNING: “Zacks: Analysts Anticipate Moody’s Corporation (MCO) to Announce $1.28 Earnings Per Share” was published by American Banking News and is the property of of American Banking News. If you are reading this piece on another site, it was illegally stolen and republished in violation of U.S. and international trademark & copyright laws. The legal version of this piece can be viewed at https://www.americanbankingnews.com/2017/09/10/zacks-analysts-anticipate-moodys-corporation-mco-to-announce-1-28-earnings-per-share.html.

Shares of Moody’s Corporation (NYSE:MCO) traded up 0.84% during mid-day trading on Friday, hitting $135.35. The company’s stock had a trading volume of 427,471 shares. The stock has a market cap of $25.86 billion, a PE ratio of 54.38 and a beta of 1.30. Moody’s Corporation has a 1-year low of $93.51 and a 1-year high of $135.76. The company has a 50-day moving average price of $131.62 and a 200-day moving average price of $120.37.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 12th. Stockholders of record on Tuesday, August 22nd will be given a $0.38 dividend. The ex-dividend date of this dividend is Friday, August 18th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 1.12%. Moody’s Corporation’s payout ratio is 61.29%.

In related news, Director Darrell Duffie sold 500 shares of Moody’s Corporation stock in a transaction that occurred on Friday, June 30th. The shares were sold at an average price of $121.64, for a total value of $60,820.00. Following the transaction, the director now directly owns 22,268 shares of the company’s stock, valued at $2,708,679.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Raymond W. Mcdaniel sold 45,216 shares of Moody’s Corporation stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $129.03, for a total transaction of $5,834,220.48. Following the completion of the transaction, the insider now directly owns 292,310 shares in the company, valued at $37,716,759.30. The disclosure for this sale can be found here. Insiders sold 134,777 shares of company stock worth $16,802,772 over the last three months. 1.17% of the stock is currently owned by insiders.

A number of large investors have recently made changes to their positions in MCO. Oppenheimer Asset Management Inc. bought a new position in Moody’s Corporation in the first quarter valued at approximately $101,000. TrimTabs Asset Management LLC grew its stake in shares of Moody’s Corporation by 89.6% during the first quarter. TrimTabs Asset Management LLC now owns 965 shares of the business services provider’s stock worth $108,000 after buying an additional 456 shares during the last quarter. American Beacon Advisors Inc. bought a new stake in shares of Moody’s Corporation during the first quarter worth $108,000. State of Alaska Department of Revenue bought a new stake in shares of Moody’s Corporation during the first quarter worth $113,000. Finally, IFP Advisors Inc grew its stake in shares of Moody’s Corporation by 78.1% during the second quarter. IFP Advisors Inc now owns 1,145 shares of the business services provider’s stock worth $139,000 after buying an additional 502 shares during the last quarter. 88.78% of the stock is currently owned by institutional investors and hedge funds.

Moody’s Corporation Company Profile

Moody’s Corporation (Moody’s) 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 research and analytical services to financial institution customers.

Get a free copy of the Zacks research report on Moody’s Corporation (MCO)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Moody's Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Moody's Corporation and related companies with MarketBeat.com's FREE daily email newsletter.