$1.07 Billion in Sales Expected for Moody's Co. (MCO) This Quarter

Equities analysts predict that Moody's Co. (NYSE:MCO) will post sales of $1.07 billion for the current quarter, according to Zacks. Three analysts have made estimates for Moody's’ earnings. The lowest sales estimate is $1.06 billion and the highest is $1.08 billion. Moody's reported sales of $942.10 million in the same quarter last year, which indicates a positive year over year growth rate of 13.6%. The company is scheduled to announce its next quarterly earnings report on Friday, February 16th.

On average, analysts expect that Moody's will report full year sales of $1.07 billion for the current year, with estimates ranging from $4.02 billion to $4.13 billion. For the next financial year, analysts forecast that the business will post sales of $4.53 billion per share, with estimates ranging from $4.49 billion to $4.58 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that that provide coverage for Moody's.

Moody's (NYSE:MCO) last announced its quarterly earnings results on Friday, November 3rd. The business services provider reported $1.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.37 by $0.15. Moody's had a negative return on equity of 187.20% and a net margin of 13.73%. The firm had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $992.81 million. During the same period in the prior year, the firm earned $1.34 EPS. The firm’s quarterly revenue was up 15.9% compared to the same quarter last year.

Several brokerages have recently weighed in on MCO. Cantor Fitzgerald restated a “hold” rating and set a $148.00 target price on shares of Moody's in a research note on Wednesday, November 29th. Barclays upgraded Moody's from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $150.00 to $165.00 in a research note on Friday, November 17th. Argus raised their target price on Moody's to $165.00 and gave the company a “buy” rating in a research note on Thursday, November 9th. BMO Capital Markets raised their target price on Moody's from $143.00 to $146.00 and gave the company a “market perform” rating in a research note on Monday, November 6th. Finally, Credit Suisse Group lifted their price target on Moody's from $137.00 to $161.00 and gave the stock a “neutral” rating in a research note on Monday, November 6th. Six equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. Moody's presently has an average rating of “Buy” and a consensus price target of $151.89.

In other Moody's news, Director Ewald Kist sold 4,000 shares of the firm’s stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of $142.00, for a total value of $568,000.00. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Darrell Duffie sold 500 shares of the firm’s stock in a transaction dated Friday, September 29th. The stock was sold at an average price of $138.41, for a total transaction of $69,205.00. Following the completion of the transaction, the director now directly owns 21,804 shares in the company, valued at approximately $3,017,891.64. The disclosure for this sale can be found here. Company insiders own 1.17% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in shares of Moody's by 2.9% during the second quarter. Vanguard Group Inc. now owns 16,203,350 shares of the business services provider’s stock valued at $1,971,623,000 after buying an additional 463,669 shares during the last quarter. BlackRock Inc. raised its holdings in Moody's by 1.7% during the second quarter. BlackRock Inc. now owns 10,350,596 shares of the business services provider’s stock worth $1,259,461,000 after purchasing an additional 169,560 shares in the last quarter. Fiera Capital Corp raised its holdings in Moody's by 17.8% during the second quarter. Fiera Capital Corp now owns 5,793,968 shares of the business services provider’s stock worth $705,010,000 after purchasing an additional 876,210 shares in the last quarter. Principal Financial Group Inc. raised its holdings in Moody's by 0.7% during the third quarter. Principal Financial Group Inc. now owns 5,128,216 shares of the business services provider’s stock worth $713,898,000 after purchasing an additional 33,723 shares in the last quarter. Finally, Harris Associates L P raised its holdings in Moody's by 8.5% during the second quarter. Harris Associates L P now owns 3,670,649 shares of the business services provider’s stock worth $446,645,000 after purchasing an additional 288,906 shares in the last quarter. 87.50% of the stock is currently owned by institutional investors.

Shares of Moody's (NYSE:MCO) opened at $149.50 on Friday. The company has a debt-to-equity ratio of -32.57, a quick ratio of 1.15 and a current ratio of 1.15. The firm has a market capitalization of $29,148.48, a PE ratio of 26.62, a PEG ratio of 2.70 and a beta of 1.36. Moody's has a 52 week low of $93.51 and a 52 week high of $153.86.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 12th. Shareholders of record on Tuesday, November 21st were issued a $0.38 dividend. The ex-dividend date of this dividend was Monday, November 20th. This represents a $1.52 dividend on an annualized basis and a yield of 1.02%. Moody's’s dividend payout ratio is currently 54.29%.

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About Moody's

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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Earnings History and Estimates for Moody's (NYSE:MCO)

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