Moody’s (NYSE:MCO) Releases Earnings Results, Beats Expectations By $0.55 EPS
Moody’s (NYSE:MCO) posted its quarterly earnings data on Thursday. The business services provider reported $2.81 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.26 by $0.55, MarketWatch Earnings reports. Moody’s had a return on equity of 204.46% and a net margin of 33.38%. The company had revenue of $1.44 billion for the quarter, compared to analysts’ expectations of $1.23 billion. During the same period in the previous year, the firm posted $2.07 EPS. Moody’s’s revenue was up 18.2% compared to the same quarter last year. Moody’s updated its FY 2020
Pre-Market guidance to 8.80-9.20 EPS and its FY20 guidance to $8.80-9.20 EPS.
MCO stock opened at $281.30 on Friday. The firm’s 50-day moving average is $281.46 and its two-hundred day moving average is $255.09. The company has a market capitalization of $52.74 billion, a price-to-earnings ratio of 34.90, a price-to-earnings-growth ratio of 3.17 and a beta of 1.19. The company has a current ratio of 2.10, a quick ratio of 1.70 and a debt-to-equity ratio of 9.17. Moody’s has a 52 week low of $164.19 and a 52 week high of $296.66.
The business also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Thursday, August 20th will be given a dividend of $0.56 per share. The ex-dividend date is Wednesday, August 19th. This represents a $2.24 dividend on an annualized basis and a dividend yield of 0.80%. Moody’s’s dividend payout ratio (DPR) is 27.02%.
In other news, EVP John J. Goggins sold 17,927 shares of the company’s stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of $251.94, for a total value of $4,516,528.38. Following the sale, the executive vice president now owns 63,718 shares of the company’s stock, valued at approximately $16,053,112.92. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Raymond W. Mcdaniel sold 7,500 shares of the company’s stock in a transaction dated Wednesday, May 6th. The stock was sold at an average price of $245.64, for a total transaction of $1,842,300.00. Following the transaction, the chief executive officer now owns 242,131 shares in the company, valued at approximately $59,477,058.84. The disclosure for this sale can be found here. Insiders sold a total of 60,727 shares of company stock worth $16,235,465 in the last ninety days. Corporate insiders own 0.79% of the company’s stock.
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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