Wall Street brokerages predict that Moody's Co. (NYSE:MCO) will report sales of $1.06 billion for the current fiscal quarter, Zacks reports. Four analysts have made estimates for Moody's’ earnings. The highest sales estimate is $1.08 billion and the lowest is $1.04 billion. Moody's posted sales of $942.10 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 12.5%. The business is expected to report its next earnings report before the market opens on Friday, February 9th.

According to Zacks, analysts expect that Moody's will report full year sales of $1.06 billion for the current fiscal year, with estimates ranging from $4.02 billion to $4.13 billion. For the next fiscal year, analysts anticipate that the firm will post sales of $4.51 billion per share, with estimates ranging from $4.45 billion to $4.58 billion. Zacks Investment Research’s sales averages are an average based on a survey of research firms that cover Moody's.

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

Several brokerages recently commented on MCO. Nomura began coverage on Moody's in a research report on Thursday, January 11th. They set a “buy” rating and a $180.00 target price on the stock. Stifel Nicolaus began coverage on Moody's in a research report on Tuesday, December 19th. They set a “hold” rating and a $167.00 target price on the stock. Cantor Fitzgerald restated a “hold” rating and set a $148.00 target price on shares of Moody's in a research report on Wednesday, November 29th. Barclays upgraded Moody's from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $150.00 to $165.00 in a research report on Friday, November 17th. Finally, Argus upped their target price on Moody's to $165.00 and gave the company a “buy” rating in a research report on Thursday, November 9th. 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 stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $155.82.

Shares of Moody's (NYSE:MCO) opened at $157.41 on Thursday. Moody's has a 52-week low of $97.89 and a 52-week high of $158.51. 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 company has a market capitalization of $30,070.00, a PE ratio of 56.62, a P/E/G ratio of 2.54 and a beta of 1.36.

In related news, Director Darrell Duffie sold 500 shares of the company’s stock in a transaction that occurred on Friday, December 29th. The stock was sold at an average price of $147.93, for a total transaction of $73,965.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Ewald Kist sold 4,000 shares of the company’s stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $142.00, for a total value of $568,000.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 5,000 shares of company stock worth $715,930. 1.17% of the stock is owned by corporate insiders.

A number of hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. raised its stake in Moody's by 2.9% during the 2nd quarter. Vanguard Group Inc. now owns 16,203,350 shares of the business services provider’s stock worth $1,971,623,000 after buying an additional 463,669 shares during the period. Principal Financial Group Inc. raised its stake in Moody's by 0.7% during the 3rd quarter. Principal Financial Group Inc. now owns 5,128,216 shares of the business services provider’s stock worth $713,898,000 after buying an additional 33,723 shares during the period. Harris Associates L P raised its stake in Moody's by 8.5% during the 2nd quarter. Harris Associates L P now owns 3,670,649 shares of the business services provider’s stock worth $446,645,000 after buying an additional 288,906 shares during the period. Capital International Investors raised its stake in Moody's by 1.0% during the 3rd quarter. Capital International Investors now owns 3,287,478 shares of the business services provider’s stock worth $457,650,000 after buying an additional 31,978 shares during the period. Finally, FMR LLC raised its stake in shares of Moody's by 1.4% in the second quarter. FMR LLC now owns 2,481,997 shares of the business services provider’s stock worth $302,010,000 after purchasing an additional 33,600 shares during the last quarter. 87.33% of the stock is currently owned by institutional investors and hedge funds.

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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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