Moody's (MCO) Releases Earnings Results, Beats Expectations By $0.06 EPS
Moody's (NYSE:MCO) issued its quarterly earnings data on Friday. The business services provider reported $1.51 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.45 by $0.06, Bloomberg Earnings reports. Moody's had a negative return on equity of 187.20% and a net margin of 13.73%. The business had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $1.07 billion. During the same period in the previous year, the firm posted $1.23 earnings per share. The company’s revenue was up 23.7% on a year-over-year basis. Moody's updated its FY18 guidance to $6.80-7.00 EPS.
Moody's (NYSE MCO) traded up $2.50 on Friday, reaching $154.64. The company had a trading volume of 2,309,643 shares, compared to its average volume of 802,432. Moody's has a 1 year low of $107.26 and a 1 year high of $167.23. The firm has a market cap of $29,551.71, a PE ratio of 25.73, a price-to-earnings-growth ratio of 2.07 and a beta of 1.36. The company has a debt-to-equity ratio of -32.57, a current ratio of 1.15 and a quick ratio of 1.15.
The business also recently announced a quarterly dividend, which will be paid on Monday, March 12th. Investors of record on Tuesday, February 20th will be paid a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a yield of 1.14%. This is a boost from Moody's’s previous quarterly dividend of $0.38. The ex-dividend date of this dividend is Friday, February 16th. Moody's’s payout ratio is presently 29.51%.
In related news, Director Ewald Kist sold 4,000 shares of the business’s stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $142.00, for a total transaction of $568,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Darrell Duffie sold 500 shares of the business’s stock in a transaction on Friday, December 29th. The stock was sold at an average price of $147.93, for a total value of $73,965.00. The disclosure for this sale can be found here. Insiders have sold a total of 5,005 shares of company stock valued at $716,738 over the last three months. 1.17% of the stock is currently owned by insiders.
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Moody's Company Profile
Moody’s Corporation (Moody’s) is a provider of credit ratings; credit, capital markets and economic related research, data and analytical tools; software solutions and related risk management services, quantitative credit risk measures, financial services training and certification services, and research and analytical services to financial institution customers.
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