Moody’s Co. (MCO) Expected to Post Quarterly Sales of $1.16 Billion

Wall Street analysts forecast that Moody’s Co. (NYSE:MCO) will post sales of $1.16 billion for the current fiscal quarter, Zacks reports. Five analysts have provided estimates for Moody’s’ earnings, with the lowest sales estimate coming in at $1.15 billion and the highest estimate coming in at $1.18 billion. Moody’s posted sales of $1.17 billion during the same quarter last year, which suggests a negative year over year growth rate of 0.9%. The business is expected to announce its next earnings report on Friday, February 8th.

According to Zacks, analysts expect that Moody’s will report full year sales of $4.54 billion for the current financial year, with estimates ranging from $4.51 billion to $4.56 billion. For the next financial year, analysts anticipate that the business will report sales of $4.76 billion, with estimates ranging from $4.70 billion to $4.80 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Moody’s.

Moody’s (NYSE:MCO) last posted its quarterly earnings results on Friday, October 26th. The business services provider reported $1.69 earnings per share for the quarter, missing the consensus estimate of $1.78 by ($0.09). The business had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.13 billion. Moody’s had a net margin of 23.85% and a return on equity of 412.48%. The firm’s quarterly revenue was up 1.7% on a year-over-year basis. During the same period in the previous year, the firm posted $1.52 earnings per share.

Several research analysts have weighed in on MCO shares. UBS Group dropped their target price on Moody’s from $192.00 to $189.00 and set a “neutral” rating on the stock in a research report on Friday, September 21st. ValuEngine lowered Moody’s from a “buy” rating to a “hold” rating in a research report on Wednesday, October 3rd. Zacks Investment Research raised Moody’s from a “sell” rating to a “hold” rating in a research report on Friday, October 5th. Morgan Stanley set a $171.00 target price on Moody’s and gave the stock a “hold” rating in a research report on Thursday, October 11th. Finally, Cantor Fitzgerald dropped their target price on Moody’s to $145.00 and set a “neutral” rating on the stock in a research report on Monday, October 29th. Ten equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Moody’s presently has an average rating of “Hold” and an average target price of $176.92.

NYSE:MCO traded up $0.52 during trading hours on Thursday, hitting $148.95. 1,061,476 shares of the company’s stock traded hands, compared to its average volume of 897,397. The firm has a market capitalization of $27.86 billion, a price-to-earnings ratio of 24.54, a PEG ratio of 1.79 and a beta of 1.22. Moody’s has a twelve month low of $139.11 and a twelve month high of $187.98. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 7.40.

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 12th. Shareholders of record on Wednesday, November 21st were given a $0.44 dividend. This represents a $1.76 annualized dividend and a yield of 1.18%. The ex-dividend date was Tuesday, November 20th. Moody’s’s payout ratio is currently 29.00%.

In other Moody’s news, SVP Blair Worrall sold 5,561 shares of the company’s stock in a transaction dated Friday, November 16th. The stock was sold at an average price of $147.43, for a total value of $819,858.23. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 1.00% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in shares of Moody’s by 0.3% during the 3rd quarter. Vanguard Group Inc. now owns 16,870,550 shares of the business services provider’s stock worth $2,820,756,000 after acquiring an additional 55,968 shares in the last quarter. Vanguard Group Inc boosted its stake in shares of Moody’s by 0.3% during the 3rd quarter. Vanguard Group Inc now owns 16,870,550 shares of the business services provider’s stock worth $2,820,756,000 after acquiring an additional 55,968 shares in the last quarter. BlackRock Inc. boosted its stake in shares of Moody’s by 1.0% during the 2nd quarter. BlackRock Inc. now owns 11,042,889 shares of the business services provider’s stock worth $1,883,479,000 after acquiring an additional 114,722 shares in the last quarter. FMR LLC boosted its stake in shares of Moody’s by 5.8% during the 3rd quarter. FMR LLC now owns 2,565,124 shares of the business services provider’s stock worth $428,888,000 after acquiring an additional 140,227 shares in the last quarter. Finally, Capital World Investors boosted its stake in shares of Moody’s by 31.7% during the 3rd quarter. Capital World Investors now owns 1,705,434 shares of the business services provider’s stock worth $285,149,000 after acquiring an additional 410,320 shares in the last quarter. Institutional investors own 87.72% of the company’s stock.

Moody’s Company Profile

Moody's Corporation provides credit ratings; and credit, capital markets, and economic related research, data, and analytical tools worldwide. It operates through two segments, Moody's Investors Service and Moody's Analytics. The Moody's Investors Service segment publishes credit ratings on various debt obligations and entities that issue such obligations comprising various corporate and governmental obligations, structured finance securities, and commercial paper programs.

Further Reading: How To Calculate Debt-to-Equity Ratio

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

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