Moody’s (NYSE:MCO) Issues FY20 Earnings Guidance
Moody’s (NYSE:MCO) updated its FY20 earnings guidance on Thursday. The company provided earnings per share guidance of $8.80-9.20 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $8.70. Moody’s also updated its FY 2020
Pre-Market guidance to 8.80-9.20 EPS.
A number of analysts recently weighed in on the stock. Oppenheimer started coverage on shares of Moody’s in a research report on Monday, May 18th. They issued an outperform rating and a $290.00 price objective on the stock. BMO Capital Markets increased their price target on Moody’s from $285.00 to $298.00 and gave the stock an outperform rating in a report on Monday, June 8th. UBS Group boosted their price objective on Moody’s from $344.00 to $358.00 and gave the company a buy rating in a report on Friday. Morgan Stanley reduced their target price on Moody’s from $278.00 to $275.00 and set an equal weight rating on the stock in a research note on Friday. Finally, Zacks Investment Research upgraded Moody’s from a hold rating to a buy rating and set a $298.00 target price for the company in a research report on Tuesday, July 7th. Five equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The company has an average rating of Buy and an average price target of $290.75.
MCO stock opened at $281.30 on Friday. Moody’s has a 1-year low of $164.19 and a 1-year high of $296.66. The business has a 50-day moving average price of $281.46 and a 200 day moving average price of $255.09. The company has a market capitalization of $52.74 billion, a P/E ratio of 29.03, a PEG ratio of 3.14 and a beta of 1.19. The company has a debt-to-equity ratio of 9.17, a current ratio of 2.10 and a quick ratio of 1.70.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Thursday, August 20th will be issued a dividend of $0.56 per share. This represents a $2.24 annualized dividend and a yield of 0.80%. The ex-dividend date of this dividend is Wednesday, August 19th. Moody’s’s payout ratio is 27.02%.
In related news, CEO Raymond W. Mcdaniel sold 7,500 shares of the firm’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 sale, the chief executive officer now owns 242,131 shares of the company’s stock, valued at $59,477,058.84. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Stephen T. Tulenko sold 1,500 shares of Moody’s stock in a transaction dated Wednesday, July 8th. The shares were sold at an average price of $293.01, for a total value of $439,515.00. Following the completion of the transaction, the insider now owns 8,044 shares in the company, valued at approximately $2,356,972.44. The disclosure for this sale can be found here. Insiders sold 60,727 shares of company stock valued at $16,235,465 in the last three months. 0.79% 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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