Moody's (MCO) Updates FY18 Earnings Guidance
Moody's (NYSE:MCO) issued an update on its FY18 earnings guidance on Friday morning. The company provided earnings per share guidance of $6.80-7.00 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $6.86.
Shares of Moody's (NYSE MCO) opened at $154.64 on Friday. Moody's has a 1 year low of $107.26 and a 1 year high of $167.23. The firm has a market cap of $29,551.71, a P/E ratio of 25.73, a PEG ratio of 2.07 and a beta of 1.36. The company has a debt-to-equity ratio of -32.57, a current ratio of 1.15 and a quick ratio of 1.15.
Moody's (NYSE:MCO) last announced its quarterly earnings data on Friday, February 9th. The business services provider reported $1.51 EPS for the quarter, beating the consensus estimate of $1.45 by $0.06. Moody's had a net margin of 13.73% and a negative return on equity of 187.20%. The business had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.07 billion. During the same period in the previous year, the business earned $1.23 earnings per share. The company’s revenue was up 23.7% on a year-over-year basis. analysts predict that Moody's will post 7.75 EPS for the current year.
MCO has been the subject of several research analyst reports. Stifel Nicolaus initiated coverage on shares of Moody's in a research report on Tuesday, December 19th. They set a hold rating and a $167.00 price objective for the company. Nomura initiated coverage on shares of Moody's in a research report on Thursday, January 11th. They set a buy rating and a $180.00 price objective for the company. Barclays upgraded shares of Moody's from an equal weight rating to an overweight rating and boosted their price objective for the company from $150.00 to $165.00 in a research report on Friday, November 17th. UBS Group boosted their price objective on shares of Moody's from $142.00 to $150.00 and gave the company a neutral rating in a research report on Monday, November 6th. Finally, BMO Capital Markets boosted their target price on shares of Moody's from $143.00 to $146.00 and gave the stock a market perform 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 issued a strong buy rating to the company’s stock. The company currently has an average rating of Buy and a consensus target price of $157.18.
In related news, Director Darrell Duffie sold 500 shares of the business’s stock in a transaction on Friday, December 29th. The shares were sold at an average price of $147.93, for a total value of $73,965.00. Following the sale, the director now owns 21,336 shares of the company’s stock, valued at $3,156,234.48. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Ewald Kist sold 4,000 shares of the business’s stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $142.00, for a total transaction of $568,000.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 5,005 shares of company stock worth $716,738. Insiders own 1.17% of the company’s stock.
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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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