Moody’s (MCO) to Release Earnings on Thursday

Moody’s (NYSE:MCO) is scheduled to post its quarterly earnings results before the market opens on Thursday, May 2nd. Analysts expect Moody’s to post earnings of $2.94 per share for the quarter. Moody’s has set its FY24 guidance at $10.25-11.00 EPS and its FY 2024 guidance at 10.250-11.000 EPS.Investors interested in registering for the company’s conference call can do so using this link.

Moody’s (NYSE:MCO) last issued its earnings results on Tuesday, February 13th. The business services provider reported $2.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.33 by ($0.14). The business had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.48 billion. Moody’s had a net margin of 27.16% and a return on equity of 55.23%. The firm’s revenue for the quarter was up 14.7% compared to the same quarter last year. During the same period last year, the business posted $1.60 EPS. On average, analysts expect Moody’s to post $11 EPS for the current fiscal year and $12 EPS for the next fiscal year.

Moody’s Stock Performance

NYSE MCO opened at $381.21 on Thursday. The stock has a market capitalization of $69.57 billion, a PE ratio of 43.67, a P/E/G ratio of 2.99 and a beta of 1.27. The business has a 50 day simple moving average of $384.13 and a two-hundred day simple moving average of $370.94. The company has a debt-to-equity ratio of 2.01, a current ratio of 1.74 and a quick ratio of 1.74. Moody’s has a 1-year low of $296.45 and a 1-year high of $407.62.

Moody’s Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, February 23rd were issued a dividend of $0.85 per share. This represents a $3.40 annualized dividend and a yield of 0.89%. The ex-dividend date of this dividend was Thursday, February 22nd. This is a boost from Moody’s’s previous quarterly dividend of $0.77. Moody’s’s dividend payout ratio (DPR) is currently 38.95%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. StockNews.com upgraded Moody’s from a “hold” rating to a “buy” rating in a report on Tuesday, April 16th. Barclays upgraded Moody’s from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $375.00 to $450.00 in a report on Tuesday, April 2nd. Oppenheimer lifted their target price on Moody’s from $411.00 to $424.00 and gave the company an “outperform” rating in a research report on Tuesday, April 2nd. UBS Group lifted their target price on Moody’s from $355.00 to $380.00 and gave the company a “neutral” rating in a research report on Wednesday, February 14th. Finally, Stifel Nicolaus reduced their price target on Moody’s from $362.00 to $350.00 and set a “hold” rating for the company in a research report on Wednesday, February 14th. Four equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $397.75.

Moody’s Company Profile

Moody's Corporation operates as an integrated risk assessment firm worldwide. It operates in two segments, Moody's Analytics and Moody's Investors Services. The Moody's Analytics segment develops a range of products and services that support the risk management activities of institutional participants in financial markets.