Moody’s (NYSE:MCO) Releases FY 2022 Earnings Guidance

Moody’s (NYSE:MCOGet Rating) issued an update on its FY 2022 earnings guidance on Thursday morning. The company provided earnings per share guidance of $9.20-$9.70 for the period, compared to the consensus earnings per share estimate of $10.20. The company issued revenue guidance of -.

Moody’s Trading Down 0.7 %

Shares of NYSE MCO traded down $2.22 during midday trading on Friday, hitting $311.07. The stock had a trading volume of 482,405 shares, compared to its average volume of 886,623. The company has a debt-to-equity ratio of 2.89, a current ratio of 1.39 and a quick ratio of 1.39. Moody’s has a fifty-two week low of $251.01 and a fifty-two week high of $407.94. The firm has a market cap of $57.08 billion, a P/E ratio of 33.59, a price-to-earnings-growth ratio of 3.00 and a beta of 1.20. The company’s 50-day simple moving average is $283.14 and its 200 day simple moving average is $308.68.

Moody’s (NYSE:MCOGet Rating) last released its earnings results on Tuesday, July 26th. The business services provider reported $2.22 EPS for the quarter, missing analysts’ consensus estimates of $2.34 by ($0.12). The business had revenue of $1.38 billion for the quarter, compared to analyst estimates of $1.43 billion. Moody’s had a return on equity of 71.12% and a net margin of 28.92%. Moody’s’s revenue was down 11.1% on a year-over-year basis. During the same period in the prior year, the firm posted $3.22 EPS. Research analysts anticipate that Moody’s will post 9.48 EPS for the current year.

Moody’s Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 9th. Stockholders of record on Friday, August 19th will be given a dividend of $0.70 per share. The ex-dividend date is Thursday, August 18th. This represents a $2.80 annualized dividend and a dividend yield of 0.90%. Moody’s’s payout ratio is currently 30.24%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on MCO shares. Royal Bank of Canada decreased their price objective on shares of Moody’s from $344.00 to $329.00 in a report on Tuesday, June 7th. Credit Suisse Group lowered their price objective on shares of Moody’s from $395.00 to $350.00 in a research report on Tuesday, May 3rd. Raymond James reduced their target price on Moody’s from $364.00 to $327.00 and set an outperform rating on the stock in a report on Tuesday, July 12th. Atlantic Securities downgraded Moody’s from an overweight rating to a neutral rating and lowered their price target for the stock from $370.00 to $298.00 in a report on Wednesday, June 8th. Finally, BMO Capital Markets cut their price objective on Moody’s from $331.00 to $309.00 in a report on Thursday, June 2nd. Six equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of Moderate Buy and an average price target of $329.25.

Insider Transactions at Moody’s

In other news, SVP Caroline Sullivan sold 326 shares of the stock in a transaction dated Thursday, August 4th. The shares were sold at an average price of $310.68, for a total transaction of $101,281.68. Following the completion of the transaction, the senior vice president now directly owns 1,806 shares in the company, valued at approximately $561,088.08. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other news, SVP Caroline Sullivan sold 326 shares of the company’s stock in a transaction that occurred on Thursday, August 4th. The stock was sold at an average price of $310.68, for a total transaction of $101,281.68. Following the sale, the senior vice president now owns 1,806 shares in the company, valued at approximately $561,088.08. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Michael L. West sold 780 shares of the firm’s stock in a transaction on Wednesday, August 3rd. The shares were sold at an average price of $310.53, for a total transaction of $242,213.40. Following the completion of the transaction, the insider now directly owns 8,330 shares of the company’s stock, valued at $2,586,714.90. The disclosure for this sale can be found here. 0.38% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Moody’s

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. United Capital Financial Advisers LLC increased its holdings in shares of Moody’s by 4.9% in the first quarter. United Capital Financial Advisers LLC now owns 1,535 shares of the business services provider’s stock valued at $518,000 after purchasing an additional 72 shares during the last quarter. Fund Management at Engine No. 1 LLC acquired a new position in Moody’s in the 1st quarter valued at about $462,000. Horizon Investments LLC raised its holdings in Moody’s by 18.0% in the 1st quarter. Horizon Investments LLC now owns 1,370 shares of the business services provider’s stock valued at $462,000 after acquiring an additional 209 shares during the period. Proficio Capital Partners LLC lifted its position in Moody’s by 10.6% during the first quarter. Proficio Capital Partners LLC now owns 1,223 shares of the business services provider’s stock worth $413,000 after acquiring an additional 117 shares during the last quarter. Finally, Bridgewater Associates LP acquired a new position in shares of Moody’s in the first quarter valued at approximately $353,000. Institutional investors own 91.43% of the company’s stock.

Moody’s Company Profile

(Get Rating)

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, as well as and structured finance securities.

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Earnings History and Estimates for Moody's (NYSE:MCO)

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