FY2024 Earnings Estimate for Moody’s Issued By William Blair

Moody’s Co. (NYSE:MCO) – Equities research analysts at William Blair upped their FY2024 earnings per share (EPS) estimates for Moody’s in a report released on Tuesday, January 21st. William Blair analyst A. Nicholas now forecasts that the business services provider will post earnings of $12.40 per share for the year, up from their prior forecast of $12.04. The consensus estimate for Moody’s’ current full-year earnings is $12.24 per share. William Blair also issued estimates for Moody’s’ FY2025 earnings at $13.50 EPS and FY2026 earnings at $15.33 EPS.

Other analysts also recently issued reports about the company. Robert W. Baird boosted their price target on Moody’s from $490.00 to $512.00 and gave the company an “outperform” rating in a research note on Wednesday, October 23rd. UBS Group boosted their target price on shares of Moody’s from $495.00 to $510.00 and gave the company a “neutral” rating in a research report on Wednesday, October 23rd. Evercore ISI started coverage on shares of Moody’s in a research note on Wednesday, October 2nd. They issued an “outperform” rating and a $521.00 price target on the stock. Citigroup assumed coverage on shares of Moody’s in a research note on Friday, December 20th. They issued a “buy” rating and a $565.00 price objective for the company. Finally, Wells Fargo & Company increased their target price on shares of Moody’s from $510.00 to $550.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 9th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $507.36.

Moody’s Stock Up 1.8 %

Shares of MCO opened at $484.59 on Wednesday. The firm’s 50-day simple moving average is $480.32 and its 200 day simple moving average is $471.73. The company has a debt-to-equity ratio of 1.69, a quick ratio of 1.67 and a current ratio of 1.67. The firm has a market cap of $87.81 billion, a P/E ratio of 44.25, a price-to-earnings-growth ratio of 2.78 and a beta of 1.30. Moody’s has a 52 week low of $360.05 and a 52 week high of $503.95.

Moody’s (NYSE:MCO) last issued its quarterly earnings data on Tuesday, October 22nd. The business services provider reported $3.21 earnings per share for the quarter, beating the consensus estimate of $2.89 by $0.32. The company had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.71 billion. Moody’s had a net margin of 29.05% and a return on equity of 57.97%. The company’s revenue was up 23.2% on a year-over-year basis. During the same period in the prior year, the firm earned $2.43 earnings per share.

Insider Transactions at Moody’s

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

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. M&T Bank Corp grew its position in Moody’s by 11.2% during the 3rd quarter. M&T Bank Corp now owns 62,913 shares of the business services provider’s stock worth $29,858,000 after acquiring an additional 6,340 shares during the last quarter. Fiduciary Alliance LLC boosted its stake in shares of Moody’s by 32.5% during the fourth quarter. Fiduciary Alliance LLC now owns 14,316 shares of the business services provider’s stock valued at $6,777,000 after purchasing an additional 3,510 shares in the last quarter. Burney Co. bought a new stake in shares of Moody’s during the fourth quarter worth about $6,775,000. Mizuho Securities USA LLC increased its stake in shares of Moody’s by 567.2% in the third quarter. Mizuho Securities USA LLC now owns 80,781 shares of the business services provider’s stock valued at $38,338,000 after buying an additional 68,674 shares during the period. Finally, Jennison Associates LLC raised its holdings in Moody’s by 22.6% in the 3rd quarter. Jennison Associates LLC now owns 2,333,263 shares of the business services provider’s stock valued at $1,107,344,000 after buying an additional 430,878 shares during the last quarter. 92.11% of the stock is currently owned by institutional investors and hedge funds.

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.