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.

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 given 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 1.14%. The ex-dividend date is Friday, February 16th. Moody's’s payout ratio is currently 29.51%.

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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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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