Moody’s (NYSE:MCO – Get Free Report) issued its earnings results on Tuesday. The business services provider reported $3.28 EPS for the quarter, beating analysts’ consensus estimates of $3.06 by $0.22, Briefing.com reports. The business had revenue of $1.82 billion during the quarter, compared to analyst estimates of $1.72 billion. Moody’s had a return on equity of 57.03% and a net margin of 28.34%. The firm’s revenue was up 21.6% compared to the same quarter last year. During the same period in the previous year, the company 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 Stock Performance
MCO traded up $12.80 during trading on Friday, hitting $450.01. 389,248 shares of the company traded hands, compared to its average volume of 726,224. The firm has a market cap of $82.17 billion, a P/E ratio of 47.71, a price-to-earnings-growth ratio of 2.95 and a beta of 1.28. The company has a quick ratio of 1.42, a current ratio of 1.52 and a debt-to-equity ratio of 1.59. Moody’s has a one year low of $298.86 and a one year high of $458.24. The stock’s fifty day moving average is $422.05 and its 200 day moving average is $398.63.
Moody’s Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Friday, September 6th. Investors of record on Friday, August 16th will be issued a $0.85 dividend. This represents a $3.40 dividend on an annualized basis and a dividend yield of 0.76%. The ex-dividend date is Friday, August 16th. Moody’s’s dividend payout ratio (DPR) is currently 37.12%.
Analyst Upgrades and Downgrades
View 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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