Moody's Co. (NYSE:MCO) – Investment analysts at Cantor Fitzgerald boosted their FY2018 earnings per share (EPS) estimates for shares of Moody's in a research note issued on Monday. Cantor Fitzgerald analyst J. Foresi now anticipates that the business services provider will post earnings of $7.76 per share for the year, up from their previous estimate of $6.42. Cantor Fitzgerald currently has a “Neutral” rating and a $155.00 target price on the stock.
Moody's (NYSE:MCO) last announced its quarterly earnings results on Friday, February 9th. The business services provider reported $1.51 earnings per share for the quarter, beating analysts’ consensus estimates of $1.45 by $0.06. The business had revenue of $1.17 billion for the quarter, compared to the consensus estimate 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 revenue for the quarter was up 23.7% on a year-over-year basis. During the same period last year, the company posted $1.23 EPS.
Shares of Moody's (MCO) traded up $0.88 during trading hours on Wednesday, hitting $162.48. 211,889 shares of the company were exchanged, compared to its average volume of 849,733. The firm has a market cap of $30,422.48, a P/E ratio of 31.38, a price-to-earnings-growth ratio of 2.24 and a beta of 1.36. The company has a quick ratio of 1.15, a current ratio of 1.25 and a debt-to-equity ratio of -48.22. Moody's has a 1-year low of $109.00 and a 1-year high of $167.23.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Dimensional Fund Advisors LP raised its holdings in shares of Moody's by 0.9% in the second quarter. Dimensional Fund Advisors LP now owns 360,335 shares of the business services provider’s stock valued at $43,846,000 after purchasing an additional 3,364 shares during the last quarter. Bredin Investment LLC bought a new position in shares of Moody's in the fourth quarter valued at $601,000. CAPROCK Group Inc. bought a new position in shares of Moody's in the third quarter valued at $336,000. Wells Fargo & Company MN grew its stake in shares of Moody's by 15.1% in the third quarter. Wells Fargo & Company MN now owns 383,359 shares of the business services provider’s stock valued at $53,367,000 after buying an additional 50,364 shares in the last quarter. Finally, Korea Investment CORP grew its stake in shares of Moody's by 10.3% in the third quarter. Korea Investment CORP now owns 102,998 shares of the business services provider’s stock valued at $14,338,000 after buying an additional 9,600 shares in the last quarter. Institutional investors own 87.31% of the company’s stock.
In other news, Director Ewald Kist sold 4,000 shares of Moody'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 value of $568,000.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Darrell Duffie sold 500 shares of Moody's stock in a transaction that occurred on Friday, 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 sale, the director now owns 21,336 shares in the company, valued at $3,156,234.48. The disclosure for this sale can be found here. Insiders have sold a total of 5,005 shares of company stock worth $716,738 over the last 90 days. Corporate insiders own 1.17% of the company’s stock.
The business also recently announced a quarterly dividend, which will be paid on Monday, March 12th. Shareholders of record on Tuesday, February 20th will be issued a dividend of $0.44 per share. This is an increase from Moody's’s previous quarterly dividend of $0.38. This represents a $1.76 annualized dividend and a yield of 1.08%. The ex-dividend date is Friday, February 16th. Moody's’s dividend payout ratio (DPR) is 29.51%.
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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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