Moody’s Corporation (MCO) Scheduled to Post Earnings on Friday
Moody’s Corporation (NYSE:MCO) will release its earnings data before the market opens on Friday, November 3rd. Analysts expect Moody’s Corporation to post earnings of $1.37 per share for the quarter.
Moody’s Corporation (NYSE MCO) opened at 147.38 on Friday. Moody’s Corporation has a 12 month low of $93.51 and a 12 month high of $148.00. The stock has a market capitalization of $28.15 billion, a PE ratio of 59.21 and a beta of 1.28. The company’s 50-day moving average price is $140.16 and its 200 day moving average price is $127.16.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 12th. Shareholders of record on Tuesday, November 21st will be given a dividend of $0.38 per share. The ex-dividend date of this dividend is Monday, November 20th. This represents a $1.52 dividend on an annualized basis and a yield of 1.03%. Moody’s Corporation’s payout ratio is 61.29%.
In other news, insider Raymond W. Mcdaniel sold 45,216 shares of the firm’s stock in a transaction that occurred on Thursday, September 7th. The stock was sold at an average price of $134.16, for a total value of $6,066,178.56. Following the completion of the sale, the insider now directly owns 292,310 shares of the company’s stock, valued at approximately $39,216,309.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Darrell Duffie sold 500 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the director now directly owns 21,804 shares of the company’s stock, valued at $3,017,891.64. The disclosure for this sale can be found here. Insiders sold a total of 90,932 shares of company stock valued at $11,969,604 over the last three months. Insiders own 1.17% of the company’s stock.
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A number of research firms have weighed in on MCO. BMO Capital Markets reaffirmed a “hold” rating and set a $143.00 price objective on shares of Moody’s Corporation in a research report on Friday, October 13th. Morgan Stanley reaffirmed an “equal weight” rating and set a $135.00 price objective (up from $134.00) on shares of Moody’s Corporation in a research report on Friday, October 6th. Piper Jaffray Companies reaffirmed a “hold” rating and set a $149.00 price objective (up from $140.00) on shares of Moody’s Corporation in a research report on Wednesday, October 4th. Barclays PLC increased their price objective on Moody’s Corporation from $135.00 to $150.00 and gave the stock an “equal weight” rating in a research report on Friday, September 15th. Finally, Credit Suisse Group reaffirmed a “neutral” rating and set a $137.00 price objective (up 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. Seven investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. Moody’s Corporation has a consensus rating of “Hold” and a consensus price target of $141.50.
About Moody’s Corporation
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.
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