Moody’s Corporation (MCO) Set to Announce Quarterly Earnings on Thursday
Moody’s Corporation (NYSE:MCO) will announce its earnings results before the market opens on Thursday, October 19th. Moody’s Corporation has set its FY17 guidance at $5.35-5.50 EPS.
Moody’s Corporation (NYSE:MCO) last issued its earnings results on Friday, July 21st. The business services provider reported $1.51 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.33 by $0.18. The company had revenue of $1 billion during the quarter, compared to the consensus estimate of $968.78 million. Moody’s Corporation had a negative return on equity of 167.31% and a net margin of 12.63%. The firm’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same period last year, the business posted $1.30 EPS. On average, analysts expect Moody’s Corporation to post $5.70 EPS for the current fiscal year and $6.36 EPS for the next fiscal year.
Shares of Moody’s Corporation (NYSE:MCO) opened at 144.75 on Tuesday. Moody’s Corporation has a 52 week low of $93.51 and a 52 week high of $144.84. The stock has a 50 day moving average price of $137.77 and a 200 day moving average price of $125.36. The firm has a market capitalization of $27.65 billion, a P/E ratio of 58.16 and a beta of 1.28.
Several equities analysts recently issued reports on MCO shares. Credit Suisse Group reiterated a “neutral” rating and set a $137.00 price target (up previously from $131.00) on shares of Moody’s Corporation in a research report on Wednesday, August 30th. They noted that the move was a valuation call. BMO Capital Markets reiterated a “market perform” rating and set a $136.00 price target (up previously from $135.00) on shares of Moody’s Corporation in a research report on Wednesday, September 6th. Barclays PLC boosted their price target on shares of Moody’s Corporation from $135.00 to $150.00 and gave the company an “equal weight” rating in a research report on Friday, September 15th. Morgan Stanley reiterated an “equal weight” rating and set a $131.00 price target (up previously from $122.00) on shares of Moody’s Corporation in a research report on Tuesday, July 25th. Finally, UBS AG restated a “neutral” rating and issued a $138.00 price objective (up previously from $121.00) on shares of Moody’s Corporation in a report on Tuesday, July 25th. Seven equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $141.50.
In other news, Director Darrell Duffie sold 500 shares of the stock in a transaction that occurred on Friday, September 29th. The shares were sold at an average price of $138.41, for a total transaction of $69,205.00. Following the sale, the director now owns 21,804 shares in the company, valued at $3,017,891.64. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Raymond W. Mcdaniel sold 45,216 shares of the stock in a transaction that occurred on Thursday, September 7th. The shares were sold at an average price of $134.16, for a total transaction of $6,066,178.56. Following the sale, the insider now owns 292,310 shares in the company, valued at approximately $39,216,309.60. The disclosure for this sale can be found here. In the last 90 days, insiders sold 90,932 shares of company stock worth $11,969,604. Corporate insiders own 1.17% of the company’s stock.
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About Moody’s Corporation
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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