FY2024 Earnings Estimate for Moody's Issued By William Blair

Moody's Co. (NYSE:MCO - Free Report) - William Blair increased their FY2024 earnings per share estimates for Moody's in a research note issued on Tuesday, January 21st. William Blair analyst A. Nicholas now expects that the business services provider will post earnings per share of $12.40 for the year, up from their prior forecast of $12.04. The consensus estimate for Moody's' current full-year earnings is $12.30 per share. William Blair also issued estimates for Moody's' FY2025 earnings at $13.50 EPS and FY2026 earnings at $15.33 EPS.

Moody's (NYSE:MCO - Get Free Report) last posted its earnings results on Tuesday, October 22nd. The business services provider reported $3.21 EPS for the quarter, topping the consensus estimate of $2.89 by $0.32. Moody's had a net margin of 29.05% and a return on equity of 57.97%. The firm had revenue of $1.81 billion during the quarter, compared to analysts' expectations of $1.71 billion. During the same period last year, the company posted $2.43 EPS. The company's quarterly revenue was up 23.2% compared to the same quarter last year.

A number of other research analysts also recently weighed in on the company. Morgan Stanley upped their target price on Moody's from $462.00 to $481.00 and gave the stock an "equal weight" rating in a report on Thursday, December 12th. Wells Fargo & Company upped their price target on Moody's from $510.00 to $550.00 and gave the stock an "overweight" rating in a research note on Wednesday, October 9th. Stifel Nicolaus boosted their target price on shares of Moody's from $454.00 to $459.00 and gave the company a "hold" rating in a report on Wednesday, October 23rd. Oppenheimer increased their price target on shares of Moody's from $543.00 to $545.00 and gave the stock an "outperform" rating in a research note on Friday, January 3rd. Finally, Evercore ISI started coverage on shares of Moody's in a research report on Wednesday, October 2nd. They set an "outperform" rating and a $521.00 price target for the company. One research analyst has rated the stock with a sell rating, five have issued a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, Moody's currently has a consensus rating of "Moderate Buy" and a consensus price target of $507.36.

Moody's Trading Down 0.0 %

MCO stock traded down $0.15 during trading on Wednesday, reaching $484.60. The company had a trading volume of 413,328 shares, compared to its average volume of 610,333. The company has a debt-to-equity ratio of 1.69, a current ratio of 1.67 and a quick ratio of 1.67. Moody's has a 52 week low of $360.05 and a 52 week high of $503.95. The business has a 50 day moving average of $480.50 and a 200 day moving average of $472.10. The company has a market cap of $87.81 billion, a P/E ratio of 44.26, a PEG ratio of 2.79 and a beta of 1.30.

Hedge Funds Weigh In On Moody's

A number of institutional investors and hedge funds have recently modified their holdings of MCO. Benjamin F. Edwards & Company Inc. increased its holdings in Moody's by 19.5% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 2,483 shares of the business services provider's stock valued at $1,046,000 after buying an additional 406 shares during the last quarter. Sei Investments Co. grew its position in shares of Moody's by 6.0% during the 2nd quarter. Sei Investments Co. now owns 92,442 shares of the business services provider's stock valued at $38,908,000 after acquiring an additional 5,192 shares during the period. Thrivent Financial for Lutherans increased its stake in shares of Moody's by 8.4% in the 2nd quarter. Thrivent Financial for Lutherans now owns 30,702 shares of the business services provider's stock worth $12,923,000 after purchasing an additional 2,379 shares in the last quarter. ProShare Advisors LLC raised its holdings in Moody's by 4.6% in the 2nd quarter. ProShare Advisors LLC now owns 31,895 shares of the business services provider's stock worth $13,426,000 after purchasing an additional 1,399 shares during the period. Finally, 1832 Asset Management L.P. lifted its position in Moody's by 2.5% during the second quarter. 1832 Asset Management L.P. now owns 35,927 shares of the business services provider's stock valued at $15,123,000 after purchasing an additional 881 shares in the last quarter. 92.11% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Moody's

In related news, CEO Robert Fauber sold 281 shares of the firm's stock in a transaction that occurred on Wednesday, January 15th. The shares were sold at an average price of $473.62, for a total value of $133,087.22. Following the sale, the chief executive officer now owns 61,894 shares in the company, valued at approximately $29,314,236.28. This trade represents a 0.45 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Caroline Sullivan sold 1,681 shares of Moody's stock in a transaction that occurred on Monday, October 28th. The stock was sold at an average price of $462.40, for a total transaction of $777,294.40. Following the completion of the sale, the senior vice president now directly owns 1,415 shares of the company's stock, valued at approximately $654,296. This trade represents a 54.30 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 2,524 shares of company stock worth $1,178,413. Insiders own 0.07% of the company's stock.

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.