Moody's Corporation (MCO)
Moody's: Q2 2024 Fuels Its Golden Period
Shareholder remuneration includes increasing dividends and buybacks, with a slightly overvalued stock but a positive outlook for long-term investment. Moody's is experiencing a golden moment with record high share prices, beating EPS and revenue estimates, and revising guidance upwards. Moody's Analytics and Moody's Investors Service both saw growth in Q2 2024, with MIS achieving exceptional growth due to Leveraged Loans and High Yield Bonds.
Moody's (MCO) Q2 Earnings and Revenues Top Estimates
Moody's (MCO) came out with quarterly earnings of $3.28 per share, beating the Zacks Consensus Estimate of $3.06 per share. This compares to earnings of $2.30 per share a year ago.
Moody's (MCO) Q2 Earnings Beat on Solid Bond Issuance Volume
Steady improvement in global bond issuances and demand for analytics drive Moody's (MCO) Q2 earnings.
Moody's: Q2 Earnings, What To Expect And What I Am Doing As Investor
Duopolies like S&P Global and Moody's are strong investments. When Moody's reported Q1 earnings, we saw potential for growth in Q2. In this article, we discuss the new favorable developments for the company, while taking a look at its valuation.
Strong Global Bond Issuances to Aid Moody's (MCO) Q2 Earnings
Robust global issuance activities are expected to have positively impacted Moody's (MCO) revenue growth in the second quarter of 2024.
Are You Looking for a Top Momentum Pick? Why Moody's (MCO) is a Great Choice
Does Moody's (MCO) have what it takes to be a top stock pick for momentum investors? Let's find out.
Moody's (MCO) Earnings Expected to Grow: What to Know Ahead of Next Week's Release
Moody's (MCO) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Moody's (MCO) Expands in Africa's Credit Market With GCR Buyout
Moody's (MCO) acquires the full stake in GCR Ratings to deepen its footprint in Africa's credit market. This move aligns with Moody's inorganic growth strategy to expand its global reach.
Moody's (MCO) Moves to Buy: Rationale Behind the Upgrade
Moody's (MCO) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
Moody's (MCO) Forms Strategic Alliance to Boost ESG Solutions
Moody's (MCO) enters into a strategic partnership with MSCI to augment its ESG solutions. The financial terms of the deal remain undisclosed.
Wide Moat Dividend Growth - What Makes Moody's Such A Powerful Compounder
Moody's is a top-tier choice for dividend stock investors due to its wide-moat business model and strong financial performance. The company excels in its Analytics and Investor Services segments, with high margins, recurring revenue, and growth opportunities. Despite its high valuation, Moody's has a promising long-term outlook and is a compelling buy on market corrections.
Beacon Pointe Advisors LLC Lowers Holdings in Moody’s Co. (NYSE:MCO)
Beacon Pointe Advisors LLC cut its stake in Moody’s Co. (NYSE:MCO – Free Report) by 6.2% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,331 shares of the business services provider’s stock after selling 287 shares during the period. Beacon Pointe Advisors LLC’s holdings in Moody’s were worth $1,692,000 as of its most recent SEC filing. A number of other institutional investors have also recently bought and sold shares of the stock. Qube Research & Technologies Ltd purchased a new position in Moody’s in the third quarter valued at about $153,532,000. International Assets Investment Management LLC lifted its position in Moody’s by 32,275.4% during the 4th quarter. International Assets Investment Management LLC now owns 221,448 shares of the business services provider’s stock worth $86,489,000 after acquiring an additional 220,764 shares in the last quarter. Royal Bank of Canada boosted its holdings in Moody’s by 40.3% in the 3rd quarter. Royal Bank of Canada now owns 720,091 shares of the business services provider’s stock worth $227,671,000 after acquiring an additional 206,698 shares during the period. FMR LLC grew its holdings in Moody’s by 5.0% during the 3rd quarter. FMR LLC now owns 4,301,253 shares of the business services provider’s stock valued at $1,359,927,000 after purchasing an additional 205,800 shares in the last quarter. Finally, Invesco Ltd. increased its stake in Moody’s by 25.4% during the 3rd quarter. Invesco Ltd. now owns 825,997 shares of the business services provider’s stock worth $261,155,000 after buying an additional 167,091 shares during the period. 92.11% of the stock is currently owned by hedge funds and other institutional investors. Moody’s Stock Up 0.5 % Shares of MCO stock opened at $413.92 on Monday. The company has a debt-to-equity ratio of 1.68, a quick ratio of 1.42 and a current ratio of 1.42. The stock has a market cap of $75.58 billion, a PE ratio of 45.19, a price-to-earnings-growth ratio of 3.44 and a beta of 1.26. The business’s fifty day moving average is $387.64 and its 200-day moving average is $380.53. Moody’s Co. has a 1 year low of $298.86 and a 1 year high of $414.49. Moody’s (NYSE:MCO – Get Free Report) last released its earnings results on Thursday, May 2nd. The business services provider reported $3.37 earnings per share for the quarter, beating the consensus estimate of $3.06 by $0.31. The company had revenue of $1.79 billion for the quarter, compared to analysts’ expectations of $1.70 billion. Moody’s had a return on equity of 54.50% and a net margin of 27.01%. The business’s revenue for the quarter was up 21.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.99 EPS. Equities analysts expect that Moody’s Co. will post 10.69 earnings per share for the current fiscal year. Moody’s Announces Dividend The business also recently announced a quarterly dividend, which will be paid on Friday, June 7th. Shareholders of record on Friday, May 17th will be given a $0.85 dividend. The ex-dividend date is Thursday, May 16th. This represents a $3.40 dividend on an annualized basis and a yield of 0.82%. Moody’s’s payout ratio is 37.12%. Analyst Upgrades and Downgrades MCO has been the subject of a number of recent analyst reports. Wells Fargo & Company lowered their price objective on Moody’s from $455.00 to $420.00 and set an “overweight” rating for the company in a research note on Wednesday, February 14th. StockNews.com raised shares of Moody’s from a “hold” rating to a “buy” rating in a report on Tuesday, April 16th. Robert W. Baird boosted their price objective on Moody’s from $405.00 to $414.00 and gave the company an “outperform” rating in a report on Friday, May 3rd. BMO Capital Markets lowered their price target on Moody’s from $430.00 to $414.00 and set an “outperform” rating for the company in a report on Wednesday, February 14th. Finally, Barclays raised shares of Moody’s from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $375.00 to $450.00 in a report on Tuesday, April 2nd. Four investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $400.50. Check Out Our Latest Stock Analysis on MCO Moody’s Profile (Free Report) 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.
