Moody's Co. (MCO) to Post FY2019 Earnings of $8.73 Per Share, Cantor Fitzgerald Forecasts

Moody's Co. (NYSE:MCO) – Stock analysts at Cantor Fitzgerald issued their FY2019 earnings per share estimates for Moody's in a research note issued on Monday. Cantor Fitzgerald analyst J. Foresi anticipates that the business services provider will post earnings per share of $8.73 for the year. Cantor Fitzgerald currently has a “Neutral” rating and a $155.00 target price on the stock.

Other research analysts have also issued reports about the stock. Argus increased their price target on shares of Moody's to $165.00 and gave the stock a “buy” rating in a research note on Thursday, November 9th. Nomura started coverage on shares of Moody's in a research note on Thursday, January 11th. They issued a “buy” rating and a $180.00 price target for the company. Stifel Nicolaus started coverage on shares of Moody's in a research note on Tuesday, December 19th. They issued a “hold” rating and a $167.00 price target for the company. Wells Fargo & Co set a $160.00 price target on shares of Moody's and gave the stock a “market perform” rating in a research note on Monday. Finally, BMO Capital Markets increased their price target on shares of Moody's from $159.00 to $161.00 and gave the stock a “market perform” rating in a research note on Friday. Eight analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $161.42.

Shares of Moody's (MCO) traded up $2.00 during trading on Tuesday, hitting $161.28. 429,234 shares of the company traded hands, compared to its average volume of 865,167. The company has a debt-to-equity ratio of -48.22, a quick ratio of 1.15 and a current ratio of 1.25. The company has a market cap of $29,551.71, a price-to-earnings ratio of 30.93, a price-to-earnings-growth ratio of 1.81 and a beta of 1.36. Moody's has a 52 week low of $108.12 and a 52 week high of $167.23.

Moody's (NYSE:MCO) last issued its quarterly earnings results on Friday, February 9th. The business services provider reported $1.51 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.45 by $0.06. The company had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.07 billion. Moody's had a net margin of 23.80% and a negative return on equity of 319.45%. Moody's’s quarterly revenue was up 23.7% compared to the same quarter last year. During the same period last year, the business earned $1.23 EPS.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 12th. Shareholders of record on Tuesday, February 20th will be paid a dividend of $0.44 per share. This is a positive change from Moody's’s previous quarterly dividend of $0.38. This represents a $1.76 dividend on an annualized basis and a yield of 1.09%. The ex-dividend date is Friday, February 16th. Moody's’s dividend payout ratio (DPR) is currently 29.51%.

In other 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 transaction of $568,000.00. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Darrell Duffie sold 500 shares of the firm’s stock in a transaction dated Friday, December 29th. The shares were sold at an average price of $147.93, for a total transaction of $73,965.00. Following the sale, the director now directly owns 21,336 shares in the company, valued at approximately $3,156,234.48. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 5,005 shares of company stock valued at $716,738. 1.17% of the stock is owned by company insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in MCO. Valeo Financial Advisors LLC boosted its holdings in shares of Moody's by 2,358.6% during the 4th quarter. Valeo Financial Advisors LLC now owns 713 shares of the business services provider’s stock valued at $105,000 after acquiring an additional 684 shares during the last quarter. Grove Bank & Trust boosted its holdings in shares of Moody's by 156.7% during the 3rd quarter. Grove Bank & Trust now owns 901 shares of the business services provider’s stock valued at $125,000 after acquiring an additional 550 shares during the last quarter. Tower Research Capital LLC TRC purchased a new stake in shares of Moody's during the 4th quarter valued at about $192,000. Invictus RG purchased a new stake in shares of Moody's during the 3rd quarter valued at about $199,000. Finally, BTR Capital Management Inc. purchased a new stake in shares of Moody's during the 4th quarter valued at about $202,000. 87.31% of the stock is currently owned by hedge funds and other institutional investors.

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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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