Moody’s weighs in on the corporate’s 2022 third-quarter earnings (NYSE:MCO)


Moody’s Firm (NYSE: MCO – GET RATING) — Analysts at Oppenheimer slashed 2022 third-quarter earnings estimates for Moody’s in a report launched Sunday, October 2. Oppenheimer analyst O. Lau now expects the enterprise providers supplier to earn $2.07 per share for the quarter, down from his prior forecast of $2.20. Oppenheimer has an “Outperform” ranking on the inventory and a $348.00 worth goal. Moody’s consensus estimate for present full-year earnings is $9.43 per share. Oppenheimer additionally launched estimates for Moody’s This fall 2022 earnings at $2.03 EPS and FY2022 earnings at $9.21 EPS.

Moody’s (NYSE: MCO – GET RATINGS) launched its quarterly earnings outcomes on Tuesday, July 26. The enterprise providers supplier reported $2.22 earnings per share for the quarter, not lacking the consensus estimate of $2.34 ($0.12). Moody’s had a return on fairness of 71.12% and a web margin of 28.92%. The enterprise had income of $1.38 billion throughout the quarter, in comparison with the consensus estimate of $1.43 billion. Throughout the identical quarter final 12 months, the enterprise generated $3.22 earnings per share. The agency’s income was down 11.1% on a year-over-year foundation.

A number of different analysis companies additionally not too long ago weighed in on MCO. Royal Financial institution of Canada reduce its worth goal on Moody’s shares to $329.00 from $344.00 in a analysis report on Tuesday, June 7. BMO Capital Markets raised its worth goal on Moody’s shares from $309.00 to $352.00 and gave the corporate an “outperform” ranking in a analysis report on Monday, Aug. Raymond James lowered his worth goal on Moody’s shares from $364.00 to $327.00 and set an “outperform” ranking on the inventory in a analysis report on Tuesday, July 12. Deutsche Financial institution Actiengesellschaft downgraded Moody’s shares from a “purchase” ranking to a “maintain” ranking and set a $324.00 worth goal on the inventory. In a analysis report on Wednesday, Aug. 10. He famous that the transfer was an analysis name. Lastly, Morgan Stanley lowered its worth goal on Moody’s shares from $288.00 to $281.00 and set an “equal-weight” ranking on the inventory in a analysis report on Monday. Eight analysis analysts have given maintain ranking to the inventory and 7 have given purchase ranking to the corporate’s inventory. In line with MarketBeat, the corporate has a median ranking of “maintain” and a median goal worth of $320.92.

Moody’s refill 3.2%

On Tuesday, the MCO opened at $250.87. The corporate has a present ratio of 1.39, a fast ratio of 1.39 and a debt-to-equity ratio of two.89. Moody’s 1-year low is $242.61 and 1-year excessive is $407.94. The corporate has a market capitalization of $46.03 billion, a PE ratio of 27.09, a PEG ratio of two.34 and a beta of 1.23. The agency’s 50 day easy shifting common is $291.73 and its 200 day easy shifting common is $296.97.

Moody’s Dividend Announcement

The enterprise additionally not too long ago introduced a quarterly dividend, which was paid on Friday, September 9. On Friday, August 19, a dividend of $0.70 per share was paid to traders of file. The ex-dividend date was Thursday, August 18. This represents a $2.80 annual dividend and a yield of 1.12%. Moody’s has a payout ratio of 30.24%.

Inside Exercise at Moody’s

In different Moody’s information, SVP Carolyn Sullivan bought 326 shares of Moody’s inventory in a transaction on Thursday, August 4th. Shares had been bought at a median worth of $310.68, for a complete worth of $101,281.68. Following the completion of the transaction, the senior vp now straight owns 1,806 shares of the corporate’s inventory, valued at roughly $561,088.08. The sale was disclosed in a submitting with the Securities and Alternate Fee, which is accessible by way of this hyperlink. In different Moody’s information, SVP Carolyn Sullivan bought 326 shares of Moody’s inventory in a transaction on Thursday, August 4th. Shares had been bought at a median worth of $310.68, for a complete worth of $101,281.68. Following the completion of the transaction, the senior vp now straight owns 1,806 shares of the corporate’s inventory, valued at roughly $561,088.08. The sale was disclosed in a submitting with the Securities and Alternate Fee, which is accessible by way of this hyperlink. Plus, insider Michael L. West bought 780 shares of Moody’s inventory in a transaction on Wednesday, August 3. The inventory was bought at a median worth of $310.53 for a complete transaction of $242,213.40. Following the completion of the transaction, the insider now straight owns 8,330 shares of the corporate’s inventory, valued at $2,586,714.90. The disclosure of this sale may be discovered right here. 0.38% of the inventory is at present owned by company insiders.

Hedge funds weigh in on Moody’s

Many institutional traders and hedge funds have not too long ago modified their positions in MCOs. Costan McIsaac & Companions purchased a brand new stake in Moody’s shares for about $63,000 within the second quarter. Non-public belief firm NA purchased a brand new stake in Moody’s shares for about $83,000 within the second quarter. Brown Advisory Inc elevated its stake in Moody’s shares by 30.5% within the second quarter. After buying a further 252,425 shares throughout the earlier quarter, Brown Advisory Inc. The U.S. now owns 1,079,102 shares of the buying and selling providers supplier’s inventory, valued at $293,483,000. B. Riley Wealth Administration Inc. raised its stake in Moody’s shares by 11.6% within the second quarter. B. Riley Wealth Administration Inc. It now has 1,022 shares of the buying and selling providers supplier’s inventory price $278,000 after buying a further 106 shares throughout the earlier quarter. Lastly, Royal London Asset Administration Ltd elevated its stake in Moody’s shares to 4.7% within the second quarter. Royal London Asset Administration Restricted now holds 58,852 shares of the buying and selling providers supplier’s inventory price $16,016,000 after buying a further 2,661 shares throughout the earlier quarter. 91.73% of the inventory is owned by hedge funds and different institutional traders.

Moody’s Firm Profile

(get ranking)

Moody’s Company operates as an built-in threat evaluation agency worldwide. It operates in two segments, Moody’s Buyers Service and Moody’s Analytics. Moody’s Buyers Service publishes section credit score rankings and gives appraisal providers on numerous debt obligations, applications and services, and the entities that situation such obligations, resembling numerous company, monetary establishments and authorities obligations, in addition to With structured finance securities.

Additional studying

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

This immediate information alert was generated by narrative science know-how and monetary information from MarketBeat to supply readers with the quickest and most correct reporting. This story was reviewed by Marketbeat’s editorial group previous to publication. Please ship any questions or feedback about this story to contact@marketbeat.com.

Earlier than contemplating Moody’s, you may wish to hear this.

MarketBeat tracks Wall Avenue’s top-rated and best-performing analysis analysts and the shares they advocate to their shoppers each day. MarketBeat has recognized 5 shares that prime analysts are quietly whispering to their shoppers to purchase earlier than the broader market catches on… and Moody’s was not on the listing.

Moody’s at present has a “reasonable purchase” ranking amongst analysts, with top-rated analysts believing these 5 shares to be the higher purchase.

Take a look at 5 shares right here



Supply hyperlink