Moody’s Co. (NYSE:MCO) – Analysts at William Blair upped their Q2 2021 earnings estimates for shares of Moody’s in a report issued on Wednesday, April 28th. William Blair analyst A. Nicholas now expects that the business services provider will post earnings per share of $2.64 for the quarter, up from their previous forecast of $2.51. William Blair also issued estimates for Moody’s’ Q1 2022 earnings at $3.32 EPS, Q2 2022 earnings at $3.19 EPS, Q3 2022 earnings at $2.97 EPS and Q4 2022 earnings at $2.92 EPS.
A number of other equities analysts also recently weighed in on the company. Oppenheimer upped their target price on Moody’s from $337.00 to $357.00 and gave the company an “outperform” rating in a report on Thursday, April 29th. Deutsche Bank Aktiengesellschaft raised their price target on Moody’s from $315.00 to $325.00 and gave the company a “hold” rating in a research report on Thursday, April 29th. Stifel Nicolaus raised their price target on shares of Moody’s from $296.00 to $322.00 and gave the stock a “hold” rating in a research report on Friday, April 9th. Morgan Stanley upped their target price on Moody’s from $301.00 to $322.00 and gave the company an “equal weight” rating in a research note on Thursday, April 29th. Finally, Raymond James raised Moody’s from a “market perform” rating to an “outperform” rating and set a $337.00 target price for the company in a report on Thursday, April 1st. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $328.82.
Shares of NYSE:MCO opened at $330.21 on Monday. The stock has a fifty day moving average of $311.08 and a 200-day moving average of $286.00. The company has a market capitalization of $61.80 billion, a PE ratio of 34.36, a price-to-earnings-growth ratio of 2.67 and a beta of 1.18. The company has a debt-to-equity ratio of 3.77, a quick ratio of 2.49 and a current ratio of 2.49. Moody’s has a one year low of $240.29 and a one year high of $340.16.
Moody’s (NYSE:MCO) last released its quarterly earnings data on Wednesday, April 28th. The business services provider reported $4.06 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.80 by $1.26. The business had revenue of $1.60 billion for the quarter, compared to analysts’ expectations of $1.39 billion. Moody’s had a net margin of 34.31% and a return on equity of 170.55%. The company’s revenue for the quarter was up 24.0% compared to the same quarter last year. During the same quarter last year, the company earned $2.73 EPS.
The company also recently announced a quarterly dividend, which will be paid on Thursday, June 10th. Stockholders of record on Thursday, May 20th will be paid a $0.62 dividend. The ex-dividend date of this dividend is Wednesday, May 19th. This represents a $2.48 annualized dividend and a dividend yield of 0.75%. Moody’s’s dividend payout ratio is presently 29.92%.
In other Moody’s news, EVP John J. Goggins sold 11,527 shares of the firm’s stock in a transaction on Wednesday, March 17th. The stock was sold at an average price of $293.81, for a total value of $3,386,747.87. Following the completion of the sale, the executive vice president now directly owns 19,473 shares of the company’s stock, valued at $5,721,362.13. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Stephen T. Tulenko sold 1,144 shares of the business’s stock in a transaction that occurred on Wednesday, February 24th. The shares were sold at an average price of $278.84, for a total transaction of $318,992.96. Following the completion of the sale, the insider now directly owns 10,163 shares in the company, valued at approximately $2,833,850.92. The disclosure for this sale can be found here. Insiders sold 16,118 shares of company stock worth $4,771,584 over the last ninety days. Insiders own 0.79% of the company’s stock.
A number of institutional investors have recently bought and sold shares of MCO. Schonfeld Strategic Advisors LLC increased its stake in Moody’s by 18.9% in the third quarter. Schonfeld Strategic Advisors LLC now owns 9,424 shares of the business services provider’s stock valued at $2,732,000 after acquiring an additional 1,496 shares during the last quarter. Eudaimonia Partners LLC grew its holdings in shares of Moody’s by 13.2% in the third quarter. Eudaimonia Partners LLC now owns 429 shares of the business services provider’s stock worth $124,000 after purchasing an additional 50 shares during the last quarter. Brinker Capital Investments LLC bought a new position in shares of Moody’s during the third quarter valued at about $592,000. Mercer Global Advisors Inc. ADV increased its position in Moody’s by 9.5% during the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 1,932 shares of the business services provider’s stock valued at $560,000 after purchasing an additional 167 shares during the period. Finally, Private Trust Co. NA raised its stake in Moody’s by 3.8% in the fourth quarter. Private Trust Co. NA now owns 1,151 shares of the business services provider’s stock worth $334,000 after buying an additional 42 shares in the last quarter. Institutional investors and hedge funds own 89.31% of the company’s stock.
Moody’s Company Profile
Moody's Corporation operates as an integrated risk assessment firm worldwide. It operates in two segments, Moody's Investors Service and Moody's Analytics. The Moody's Investors Service segment publishes credit ratings and provides assessment services on various debt obligations, programs and facilities, and entities that issue such obligations, such as various corporate, financial institution, and governmental obligations; and structured finance securities.
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