Moody’s Corporation (NYSE:MCO) is set to release its earnings data before the market opens on Thursday, October 19th. Moody’s Corporation has set its FY17 guidance at $5.35-5.50 EPS.

Moody’s Corporation (NYSE:MCO) last announced its quarterly earnings results on Friday, July 21st. The business services provider reported $1.51 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.33 by $0.18. Moody’s Corporation had a net margin of 12.63% and a negative return on equity of 167.31%. The company had revenue of $1 billion for the quarter, compared to analyst estimates of $968.78 million. During the same quarter in the prior year, the business posted $1.30 EPS. Moody’s Corporation’s quarterly revenue was up 7.7% on a year-over-year basis. On average, analysts expect Moody’s Corporation to post $5.71 EPS for the current fiscal year and $6.37 EPS for the next fiscal year.

Moody’s Corporation (MCO) opened at 142.55 on Thursday. Moody’s Corporation has a 52 week low of $93.51 and a 52 week high of $143.98. The stock’s 50 day moving average is $136.93 and its 200 day moving average is $124.78. The firm has a market cap of $27.23 billion, a price-to-earnings ratio of 57.27 and a beta of 1.28.

A number of analysts have recently commented on MCO shares. UBS AG reissued a “neutral” rating and issued a $138.00 price objective (up previously from $121.00) on shares of Moody’s Corporation in a research report on Tuesday, July 25th. Credit Suisse Group reissued a “neutral” rating and issued a $137.00 price objective (up previously from $131.00) on shares of Moody’s Corporation in a research report on Wednesday, August 30th. They noted that the move was a valuation call. Piper Jaffray Companies reaffirmed a “hold” rating and set a $149.00 price target (up from $140.00) on shares of Moody’s Corporation in a research report on Wednesday, October 4th. BidaskClub raised shares of Moody’s Corporation from a “buy” rating to a “strong-buy” rating in a research report on Friday, June 30th. Finally, BMO Capital Markets reaffirmed a “market perform” rating and set a $136.00 price target (up from $135.00) on shares of Moody’s Corporation in a research report on Wednesday, September 6th. Seven analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company’s stock. Moody’s Corporation currently has a consensus rating of “Hold” and an average price target of $140.63.

COPYRIGHT VIOLATION WARNING: This story was published by American Banking News and is the property of of American Banking News. If you are accessing this story on another website, it was copied illegally and republished in violation of US & international copyright law. The original version of this story can be read at https://www.americanbankingnews.com/2017/10/12/moodys-corporation-mco-to-release-earnings-on-thursday.html.

In other Moody’s Corporation news, Director Darrell Duffie sold 500 shares of the company’s stock in a transaction on Friday, September 29th. The shares were sold at an average price of $138.41, for a total value of $69,205.00. Following the transaction, the director now directly owns 21,804 shares in the company, valued at $3,017,891.64. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Raymond W. Mcdaniel sold 45,216 shares of the company’s stock in a transaction on Thursday, September 7th. The shares were sold at an average price of $134.16, for a total transaction of $6,066,178.56. Following the completion of the transaction, the insider now owns 292,310 shares in the company, valued at $39,216,309.60. The disclosure for this sale can be found here. Over the last quarter, insiders sold 90,932 shares of company stock worth $11,969,604. Corporate insiders own 1.17% of the company’s stock.

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.

Earnings History for Moody`s Corporation (NYSE:MCO)

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.