Analysts forecast that Moody's Co. (NYSE:MCO) will announce $1.39 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Four analysts have issued estimates for Moody's’ earnings, with the lowest EPS estimate coming in at $1.35 and the highest estimate coming in at $1.45. Moody's posted earnings per share of $1.23 in the same quarter last year, which would indicate a positive year-over-year growth rate of 13%. The firm is expected to announce its next earnings results 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 fiscal year, with EPS estimates ranging from $5.81 to $6.00. For the next fiscal year, analysts anticipate that the business will report earnings of $6.52 per share, with EPS estimates ranging from $6.38 to $6.70. Zacks’ earnings per share calculations are an average based on a survey of sell-side research firms that follow Moody's.

Moody's (NYSE:MCO) last released its quarterly earnings results on Friday, November 3rd. The business services provider reported $1.52 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.37 by $0.15. The company had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $992.81 million. Moody's had a net margin of 13.73% and a negative return on equity of 187.20%. Moody's’s revenue was up 15.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.34 earnings per share.

A number of equities research analysts recently issued reports on the stock. Nomura assumed coverage on shares of Moody's in a research note on Thursday, January 11th. They set a “buy” rating and a $180.00 price target on the stock. Cantor Fitzgerald reaffirmed a “hold” rating and set a $148.00 price target on shares of Moody's in a research note on Wednesday, November 29th. Stifel Nicolaus assumed coverage on shares of Moody's in a research note on Tuesday, December 19th. They issued a “hold” rating and a $167.00 target price on the stock. BMO Capital Markets increased their target price on shares of Moody's from $143.00 to $146.00 and gave the company a “market perform” rating in a research note on Monday, November 6th. Finally, Credit Suisse Group increased their target price on shares of Moody's from $137.00 to $161.00 and gave the company a “neutral” rating in a research note on Monday, November 6th. Seven equities research 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 company has an average rating of “Buy” and an average price target of $155.82.

Moody's (NYSE MCO) traded up $1.53 during trading on Tuesday, reaching $157.25. 564,900 shares of the company were exchanged, compared to its average volume of 726,600. The stock has a market capitalization of $30,030.00, a P/E ratio of 56.56, a price-to-earnings-growth ratio of 2.54 and a beta of 1.36. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of -32.57. Moody's has a 52 week low of $96.70 and a 52 week high of $157.56.

In other news, Director Ewald Kist sold 4,000 shares of the company’s stock in a transaction dated 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 legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Darrell Duffie sold 500 shares of the company’s stock in a transaction dated Saturday, December 29th. The stock was 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 owns 21,336 shares in the company, valued at $3,156,234.48. The disclosure for this sale can be found here. In the last three months, insiders sold 5,000 shares of company stock worth $715,930. Insiders own 1.17% of the company’s stock.

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

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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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