$1.12 Billion in Sales Expected for Moody’s Co. (MCO) This Quarter

Analysts expect that Moody’s Co. (NYSE:MCO) will report $1.12 billion in sales for the current quarter, according to Zacks. Five analysts have made estimates for Moody’s’ earnings. The lowest sales estimate is $1.11 billion and the highest is $1.14 billion. Moody’s posted sales of $1.06 billion in the same quarter last year, which suggests a positive year over year growth rate of 5.7%. The business is expected to announce its next earnings results before the market opens on Friday, October 26th.

On average, analysts expect that Moody’s will report full year sales of $4.60 billion for the current year, with estimates ranging from $4.57 billion to $4.65 billion. For the next financial year, analysts forecast that the business will report sales of $4.90 billion, with estimates ranging from $4.80 billion to $5.06 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that follow Moody’s.

Moody’s (NYSE:MCO) last released its earnings results on Friday, July 27th. The business services provider reported $2.04 earnings per share for the quarter, topping the consensus estimate of $1.88 by $0.16. The company had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.15 billion. Moody’s had a net margin of 24.10% and a return on equity of 907.23%. Moody’s’s revenue was up 17.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.54 EPS.

MCO has been the topic of several research analyst reports. Nomura dropped their target price on shares of Moody’s from $195.00 to $193.00 and set a “buy” rating on the stock in a research report on Monday, July 9th. UBS Group dropped their target price on shares of Moody’s from $192.00 to $189.00 and set a “neutral” rating on the stock in a research report on Friday, September 21st. William Blair reissued a “buy” rating on shares of Moody’s in a research report on Sunday, August 12th. Morgan Stanley set a $171.00 target price on shares of Moody’s and gave the stock a “hold” rating in a research report on Thursday, October 11th. Finally, Zacks Investment Research raised shares of Moody’s from a “sell” rating to a “hold” rating in a research report on Friday, July 20th. Nine equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $180.91.

NYSE:MCO opened at $158.27 on Friday. The company has a market cap of $32.09 billion, a price-to-earnings ratio of 26.60, a P/E/G ratio of 1.87 and a beta of 1.09. Moody’s has a twelve month low of $140.15 and a twelve month high of $187.98. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 10.72.

In other Moody’s news, CFO Linda Huber acquired 915 shares of the company’s stock in a transaction dated Monday, August 6th. The shares were acquired at an average cost of $172.31 per share, with a total value of $157,663.65. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. 1.00% of the stock is owned by corporate insiders.

Hedge funds have recently added to or reduced their stakes in the company. Flagship Harbor Advisors LLC purchased a new stake in shares of Moody’s in the 2nd quarter valued at $140,000. Livingston Group Asset Management CO operating as Southport Capital Management purchased a new stake in shares of Moody’s in the 3rd quarter valued at $192,000. United Asset Strategies Inc. purchased a new stake in shares of Moody’s in the 2nd quarter valued at $201,000. FineMark National Bank & Trust purchased a new stake in shares of Moody’s in the 2nd quarter valued at $205,000. Finally, Aldebaran Financial Inc. purchased a new stake in shares of Moody’s in the 2nd quarter valued at $205,000. 87.90% of the stock is currently owned by institutional investors and hedge funds.

About Moody’s

Moody's Corporation provides credit ratings; and credit, capital markets, and economic related 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 comprising various corporate and governmental obligations, structured finance securities, and commercial paper programs.

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