Moody’s (NYSE:MCO) Issues Quarterly Earnings Results, Misses Estimates By $0.11 EPS

Moody’s (NYSE:MCO – Get Free Report) released its quarterly earnings results on Wednesday. The business services provider reported $4.14 EPS for the quarter, missing analysts’ consensus estimates of $4.25 by ($0.11), FiscalAI reports. The business had revenue of $2.02 billion during the quarter, compared to analysts’ expectations of $2.08 billion. Moody’s had a net margin of 34.25% and a return on equity of 80.35%.

Moody’s Stock Performance

Shares of MCO opened at $477.63 on Wednesday. The company has a debt-to-equity ratio of 2.01, a quick ratio of 1.19 and a current ratio of 1.19. The stock has a 50-day moving average of $478.01 and a two-hundred day moving average of $467.47. The stock has a market cap of $82.73 billion, a P/E ratio of 29.04, a P/E/G ratio of 2.48 and a beta of 1.35. Moody’s has a one year low of $402.28 and a one year high of $546.88.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on MCO shares. Morgan Stanley cut their price objective on shares of Moody’s from $512.00 to $470.00 and set an “equal weight” rating on the stock in a report on Wednesday, October 7th. Citigroup reaffirmed a “buy” rating and issued a $600.00 price objective (up from $565.00) on shares of Moody’s in a research report on Wednesday, July 29th. Weiss Ratings upgraded shares of Moody’s from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, October 8th. Royal Bank Of Canada dropped their target price on shares of Moody’s from $610.00 to $575.00 and set an “outperform” rating on the stock in a research report on Friday, October 16th. Finally, Jefferies Financial Group lowered shares of Moody’s to a “neutral” rating and set a $560.00 price target on the stock. in a research note on Friday. Thirteen equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $551.26.

Read Our Latest Report on Moody’s

Insider Buying and Selling at Moody’s

In other news, CEO Robert Fauber sold 1,467 shares of the firm’s stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $484.30, for a total value of $710,468.10. Following the completion of the transaction, the chief executive officer directly owned 51,964 shares in the company, valued at $25,166,165.20. This trade represents a 2.75% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 0.14% of the company’s stock.

Moody’s Company Profile

(Get Free Report)

Moody’s Corporation (NYSE:MCO) is a global provider of credit ratings, research, data, analytics and risk-management solutions. Through Moody’s Investors Service, the company assigns credit ratings and publishes research on corporate, government and structured-finance debt issuers, helping investors and other market participants evaluate credit risk.

Through Moody’s Analytics, the company provides financial intelligence, economic research, data, software and advisory services. Its offerings support credit analysis, lending, portfolio management, enterprise risk management, compliance and related functions across financial institutions, corporations, governments and other organizations.

Moody’s traces its origins to 1909, when John Moody established the company that introduced published credit ratings for bonds.

See Also

Earnings History for Moody's (NYSE:MCO)

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