Wall Street brokerages expect that Moody’s Co. (NYSE:MCO) will post earnings per share (EPS) of $1.98 for the current fiscal quarter, according to Zacks Investment Research. Six analysts have provided estimates for Moody’s’ earnings. The lowest EPS estimate is $1.84 and the highest is $2.13. Moody’s reported earnings per share of $2.04 during the same quarter last year, which would suggest a negative year-over-year growth rate of 2.9%. The company is expected to report its next quarterly earnings report before the market opens on Wednesday, July 31st.

On average, analysts expect that Moody’s will report full-year earnings of $7.94 per share for the current financial year, with EPS estimates ranging from $7.71 to $8.05. For the next year, analysts expect that the firm will post earnings of $8.78 per share, with EPS estimates ranging from $8.49 to $9.00. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side analysts that cover Moody’s.

A number of equities analysts have recently weighed in on the stock. BMO Capital Markets raised shares of Gold Fields from a “market perform” rating to an “outperform” rating in a research note on Thursday, April 25th. Wells Fargo & Co raised shares of California Water Service Group to a “market perform” rating in a research note on Thursday, April 25th. Piper Jaffray Companies set a $16.00 price target on shares of WPX Energy and gave the stock a “buy” rating in a research note on Friday, April 5th. Cantor Fitzgerald reaffirmed a “buy” rating and set a $37.00 price target on shares of Vocera Communications in a research note on Thursday, April 25th. Finally, JPMorgan Chase & Co. set a GBX 3,200 ($41.81) price target on shares of Diageo and gave the stock a “neutral” rating in a research note on Wednesday, July 10th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $189.18.

In related news, insider Robert Fauber sold 460 shares of the company’s stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $184.85, for a total transaction of $85,031.00. Following the transaction, the insider now directly owns 47,406 shares in the company, valued at approximately $8,762,999.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Raymond W. Mcdaniel sold 7,500 shares of the company’s stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $198.46, for a total transaction of $1,488,450.00. Following the transaction, the chief executive officer now owns 212,794 shares in the company, valued at $42,231,097.24. The disclosure for this sale can be found here. Over the last three months, insiders sold 147,854 shares of company stock worth $27,854,940. 0.90% of the stock is owned by corporate insiders.

Large investors have recently modified their holdings of the stock. University of Texas Texas AM Investment Managment Co. purchased a new position in Moody’s during the 1st quarter valued at about $36,000. Resources Investment Advisors Inc. purchased a new stake in shares of Moody’s in the first quarter worth $40,000. CWM LLC raised its position in shares of Moody’s by 123.0% in the first quarter. CWM LLC now owns 310 shares of the business services provider’s stock worth $56,000 after buying an additional 171 shares in the last quarter. Bremer Bank National Association purchased a new stake in shares of Moody’s in the first quarter worth $79,000. Finally, Cornerstone Advisors Inc. raised its position in shares of Moody’s by 16.5% in the first quarter. Cornerstone Advisors Inc. now owns 409 shares of the business services provider’s stock worth $74,000 after buying an additional 58 shares in the last quarter. Institutional investors own 92.68% of the company’s stock.

Shares of NYSE:MCO traded down $1.93 on Monday, reaching $201.47. 400,406 shares of the company were exchanged, compared to its average volume of 900,092. The company has a current ratio of 1.45, a quick ratio of 1.45 and a debt-to-equity ratio of 17.70. Moody’s has a 1-year low of $129.26 and a 1-year high of $206.09. The company has a market capitalization of $38.20 billion, a price-to-earnings ratio of 27.26, a price-to-earnings-growth ratio of 1.99 and a beta of 1.26. The stock’s 50-day simple moving average is $198.61.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 10th. Investors of record on Tuesday, August 20th will be paid a $0.50 dividend. The ex-dividend date of this dividend is Monday, August 19th. This represents a $2.00 dividend on an annualized basis and a yield of 0.99%. Moody’s’s payout ratio is 27.06%.

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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Earnings History and Estimates for Moody`s (NYSE:MCO)

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