Moody’s (MCO) to Release Quarterly Earnings on Thursday

Moody’s (NYSE:MCO) will release its earnings data before the market opens on Thursday, May 2nd. Analysts expect Moody’s to post earnings of $2.94 per share for the quarter. Moody’s has set its FY24 guidance at $10.25-11.00 EPS and its FY 2024 guidance at 10.250-11.000 EPS.Persons that are interested in registering for the company’s earnings conference call can do so using this link.

Moody’s (NYSE:MCO) last issued its quarterly earnings data on Tuesday, February 13th. The business services provider reported $2.19 EPS for the quarter, missing analysts’ consensus estimates of $2.33 by ($0.14). Moody’s had a net margin of 27.16% and a return on equity of 55.23%. The firm had revenue of $1.48 billion during the quarter, compared to analyst estimates of $1.48 billion. During the same period in the prior year, the company earned $1.60 earnings per share. The business’s quarterly revenue was up 14.7% compared to the same quarter last year. On average, analysts expect Moody’s to post $11 EPS for the current fiscal year and $12 EPS for the next fiscal year.

Moody’s Stock Performance

Shares of NYSE MCO opened at $374.62 on Tuesday. The company has a debt-to-equity ratio of 2.01, a current ratio of 1.74 and a quick ratio of 1.74. The stock’s fifty day moving average price is $384.36 and its two-hundred day moving average price is $372.43. Moody’s has a one year low of $296.45 and a one year high of $407.62. The firm has a market cap of $68.37 billion, a price-to-earnings ratio of 42.91, a P/E/G ratio of 2.97 and a beta of 1.27.

Moody’s Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, February 23rd were issued a $0.85 dividend. This represents a $3.40 dividend on an annualized basis and a yield of 0.91%. This is a positive change from Moody’s’s previous quarterly dividend of $0.77. The ex-dividend date of this dividend was Thursday, February 22nd. Moody’s’s dividend payout ratio is currently 38.95%.

Analysts Set New Price Targets

A number of research analysts have commented on the company. Stifel Nicolaus decreased their price objective on Moody’s from $362.00 to $350.00 and set a “hold” rating on the stock in a report on Wednesday, February 14th. Royal Bank of Canada reiterated an “outperform” rating and set a $450.00 target price on shares of Moody’s in a research report on Wednesday, February 14th. StockNews.com upgraded Moody’s from a “hold” rating to a “buy” rating in a research report on Tuesday, April 16th. Barclays upgraded Moody’s from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $375.00 to $450.00 in a research report on Tuesday, April 2nd. Finally, BMO Capital Markets cut their target price on Moody’s from $430.00 to $414.00 and set an “outperform” rating for the company in a research report on Wednesday, February 14th. Four equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $397.75.

Moody’s Company Profile

Moody's Corporation operates as an integrated risk assessment firm worldwide. It operates in two segments, Moody's Analytics and Moody's Investors Services. The Moody's Analytics segment develops a range of products and services that support the risk management activities of institutional participants in financial markets.