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

Moody’s (NYSE:MCO) is expected to be releasing its earnings data before the market opens on Thursday, February 13th. Analysts expect Moody’s to post earnings of $2.27 per share and revenue of $1.70 billion for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.

Moody’s Stock Performance

NYSE MCO opened at $495.40 on Thursday. The stock has a market capitalization of $89.77 billion, a price-to-earnings ratio of 45.24, a PEG ratio of 2.91 and a beta of 1.31. The business’s 50 day moving average is $483.00 and its two-hundred day moving average is $475.52. Moody’s has a 12-month low of $360.05 and a 12-month high of $505.77. The company has a current ratio of 1.67, a quick ratio of 1.67 and a debt-to-equity ratio of 1.69.

Insider Buying and Selling

In related news, CEO Robert Fauber sold 281 shares of the firm’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $474.86, for a total transaction of $133,435.66. Following the sale, the chief executive officer now owns 61,894 shares in the company, valued at approximately $29,390,984.84. This trade represents a 0.45 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last quarter, insiders sold 1,124 shares of company stock worth $540,051. 0.07% of the stock is owned by corporate insiders.

Analyst Ratings Changes

MCO has been the subject of several research analyst reports. UBS Group increased their price objective on Moody’s from $495.00 to $510.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 23rd. Stifel Nicolaus raised their price objective on shares of Moody’s from $454.00 to $459.00 and gave the company a “hold” rating in a research note on Wednesday, October 23rd. Citigroup started coverage on shares of Moody’s in a research report on Friday, December 20th. They set a “buy” rating and a $565.00 target price on the stock. Robert W. Baird lifted their price target on shares of Moody’s from $490.00 to $512.00 and gave the company an “outperform” rating in a research report on Wednesday, October 23rd. Finally, StockNews.com upgraded Moody’s from a “hold” rating to a “buy” rating in a report on Tuesday, December 24th. One analyst has rated the stock with a sell rating, five have issued a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat.com, Moody’s has an average rating of “Moderate Buy” and a consensus price target of $507.36.

About Moody’s

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.