Moody’s (NYSE:MCO) Earning Somewhat Negative News Coverage, Report Shows

News headlines about Moody’s (NYSE:MCO) have trended somewhat negative on Thursday, InfoTrie reports. InfoTrie scores the sentiment of press coverage by reviewing more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. Moody’s earned a news impact score of -1.40 on their scale. InfoTrie also assigned news headlines about the business services provider an news buzz score of 10 out of 10, meaning that recent press coverage is extremely likely to have an impact on the stock’s share price in the next few days.

Here are some of the media stories that may have impacted Moody’s’ analysis:

Shares of MCO stock traded up $3.23 during midday trading on Thursday, reaching $248.85. 778,879 shares of the company traded hands, compared to its average volume of 750,395. The firm’s 50 day simple moving average is $234.01 and its two-hundred day simple moving average is $216.41. Moody’s has a 1-year low of $145.02 and a 1-year high of $249.43. The company has a debt-to-equity ratio of 7.50, a current ratio of 1.42 and a quick ratio of 1.42. The firm has a market cap of $45.50 billion, a PE ratio of 33.67, a price-to-earnings-growth ratio of 2.68 and a beta of 1.23.

Moody’s (NYSE:MCO) last announced its quarterly earnings results on Wednesday, October 30th. The business services provider reported $2.15 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.99 by $0.16. The business had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.18 billion. Moody’s had a return on equity of 270.17% and a net margin of 28.20%. The company’s quarterly revenue was up 14.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.69 EPS. As a group, research analysts anticipate that Moody’s will post 8.2 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 12th. Investors of record on Thursday, November 21st were issued a dividend of $0.50 per share. The ex-dividend date of this dividend was Wednesday, November 20th. This represents a $2.00 annualized dividend and a yield of 0.80%. Moody’s’s dividend payout ratio is presently 27.06%.

A number of analysts recently weighed in on the company. Zacks Investment Research upgraded Moody’s from a “hold” rating to a “buy” rating and set a $240.00 price target on the stock in a research note on Wednesday, November 20th. ValuEngine lowered Moody’s from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. William Blair reiterated an “outperform” rating on shares of Moody’s in a research report on Thursday, October 31st. Barclays reissued a “buy” rating and issued a $260.00 target price on shares of Moody’s in a report on Wednesday, December 18th. Finally, Stifel Nicolaus restated a “hold” rating and set a $228.00 target price on shares of Moody’s in a research report on Thursday, January 2nd. Seven investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $227.18.

In other Moody’s news, EVP John J. Goggins sold 20,784 shares of the firm’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $218.06, for a total transaction of $4,532,159.04. Following the completion of the transaction, the executive vice president now directly owns 86,543 shares in the company, valued at approximately $18,871,566.58. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Robert Fauber sold 3,721 shares of Moody’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $216.26, for a total transaction of $804,703.46. Following the transaction, the insider now owns 49,591 shares of the company’s stock, valued at approximately $10,724,549.66. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 33,013 shares of company stock valued at $7,353,939. 0.90% of the stock is currently owned by insiders.

Moody’s Company Profile

Moody's Corporation provides credit ratings; and credit, capital markets, and economic 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, such as various corporate and governmental obligations, structured finance securities, and commercial paper programs.

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