Brokerages forecast that Moody's Co. (NYSE:MCO) will announce $1.39 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Four analysts have issued estimates for Moody's’ earnings, with estimates ranging from $1.35 to $1.45. Moody's posted earnings per share of $1.23 in the same quarter last year, which would suggest a positive year over year growth rate of 13%. The company is scheduled to issue its next earnings report on Friday, February 16th.

According to Zacks, analysts expect that Moody's will report full year earnings of $5.93 per share for the current financial year, with EPS estimates ranging from $5.81 to $6.00. For the next fiscal year, analysts forecast that the business will post earnings of $6.52 per share, with EPS estimates ranging from $6.38 to $6.70. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research firms that cover Moody's.

Moody's (NYSE:MCO) last posted its quarterly earnings results on Friday, November 3rd. The business services provider reported $1.52 EPS for the quarter, topping analysts’ consensus estimates 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 business had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $992.81 million. During the same quarter last year, the company posted $1.34 earnings per share. Moody's’s quarterly revenue was up 15.9% on a year-over-year basis.

Several equities research analysts have issued reports on the stock. BMO Capital Markets restated a “hold” rating and set a $143.00 price objective on shares of Moody's in a research report on Friday, October 13th. Piper Jaffray Companies restated a “hold” rating and set a $149.00 price objective (up from $140.00) on shares of Moody's in a research report on Wednesday, October 4th. Cantor Fitzgerald restated a “hold” rating and set a $148.00 price objective on shares of Moody's in a research report on Wednesday, November 29th. Barclays upgraded shares of Moody's from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $150.00 to $165.00 in a research report on Friday, November 17th. Finally, Morgan Stanley restated an “equal weight” rating and set a $135.00 price objective (up from $134.00) on shares of Moody's in a research report on Friday, October 6th. Seven analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $155.82.

Shares of Moody's (NYSE MCO) traded up $1.53 during mid-day trading on Tuesday, reaching $157.25. 564,900 shares of the company’s stock traded hands, compared to its average volume of 726,600. The company has a debt-to-equity ratio of -32.57, a current ratio of 1.15 and a quick ratio of 1.15. The firm has a market capitalization of $30,030.00, a P/E ratio of 56.56, a PEG ratio of 2.54 and a beta of 1.36. Moody's has a 1 year low of $96.70 and a 1 year high of $157.56.

In other Moody's news, Director Darrell Duffie sold 500 shares of the business’s stock in a transaction that occurred on Saturday, December 29th. The shares were sold at an average price of $147.93, for a total transaction of $73,965.00. Following the completion of the transaction, the director now directly owns 21,336 shares in the company, valued at $3,156,234.48. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Ewald Kist sold 4,000 shares of the business’s stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $142.00, for a total transaction of $568,000.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 5,000 shares of company stock valued at $715,930. 1.17% of the stock is owned by company insiders.

Institutional investors and hedge funds have recently made changes to their positions in the business. Grove Bank & Trust grew its stake in shares of Moody's by 156.7% during the third quarter. Grove Bank & Trust now owns 901 shares of the business services provider’s stock worth $125,000 after buying an additional 550 shares during the last quarter. Sun Life Financial INC grew its stake in shares of Moody's by 12,200.0% during the second quarter. Sun Life Financial INC now owns 1,230 shares of the business services provider’s stock worth $150,000 after buying an additional 1,220 shares during the last quarter. Salem Investment Counselors Inc. grew its stake in shares of Moody's by 0.6% during the second quarter. Salem Investment Counselors Inc. now owns 1,346 shares of the business services provider’s stock worth $164,000 after buying an additional 8 shares during the last quarter. Invictus RG bought a new stake in shares of Moody's during the third quarter worth $199,000. Finally, IFC Holdings Incorporated FL bought a new stake in shares of Moody's during the third quarter worth $203,000. Institutional investors and hedge funds own 87.33% of the company’s stock.

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Moody's 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.

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