Moody’s (NYSE:MCO – Get Free Report) announced its quarterly earnings results on Tuesday. The business services provider reported $3.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.06 by $0.22, Briefing.com reports. The company had revenue of $1.82 billion for the quarter, compared to the consensus estimate of $1.72 billion. Moody’s had a net margin of 28.34% and a return on equity of 58.72%. Moody’s’s revenue for the quarter was up 21.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.30 EPS. Moody’s updated its FY24 guidance to $11.00-11.40 EPS and its FY 2024 guidance to 11.000-11.400 EPS.
Moody’s Trading Up 1.9 %
Moody’s stock traded up $8.31 during trading hours on Thursday, hitting $442.12. The company had a trading volume of 237,266 shares, compared to its average volume of 722,710. The firm has a market cap of $80.73 billion, a P/E ratio of 47.36, a P/E/G ratio of 3.13 and a beta of 1.28. The company has a debt-to-equity ratio of 1.68, a quick ratio of 1.42 and a current ratio of 1.42. Moody’s has a 1 year low of $298.86 and a 1 year high of $458.24. The company has a 50-day moving average price of $421.55 and a two-hundred day moving average price of $398.36.
Moody’s Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Friday, September 6th. Investors of record on Friday, August 16th will be paid a dividend of $0.85 per share. The ex-dividend date is Friday, August 16th. This represents a $3.40 dividend on an annualized basis and a dividend yield of 0.77%. Moody’s’s dividend payout ratio is presently 37.12%.
Analysts Set New Price Targets
Check Out Our Latest Analysis on MCO
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.
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