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%.

A number of brokerages have recently weighed in on MCO. BMO Capital Markets reaffirmed a “hold” rating and issued a $161.00 price objective on shares of Moody's in a research note on Friday. Cantor Fitzgerald reaffirmed a “hold” rating on shares of Moody's in a research note on Friday. Argus lifted their price objective on Moody's to $165.00 and gave the company a “buy” rating in a research note on Thursday, November 9th. Credit Suisse Group lifted their price objective on Moody's from $137.00 to $161.00 and gave the company a “neutral” rating in a research note on Monday, November 6th. Finally, Barclays raised Moody's from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $150.00 to $165.00 in a research note on Friday, November 17th. Seven research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $157.18.

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.

Earnings History for Moody's (NYSE:MCO)

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