Moody's Corporation (MCO) reported quarterly earnings results on Friday, Jul-22-2016. The company said it had a profit of $1.30 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.04. Analysts had a consensus of $1.26. The company posted revenue of $928.90 million in the period, compared to analysts expectations of $906.13 million. The company’s revenue was up 1.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.28 EPS.
Many Wall Street Analysts have commented on Moody's Corporation. Moody's Corporation was Initiated by Credit Suisse to “Neutral” on Jul 12, 2016.
Moody's Corporation opened for trading at $104 and hit $104.44 on the upside on Wednesday, eventually ending the session at $104.23, with a gain of 0.62% or 0.64 points. The heightened volatility saw the trading volume jump to 7,72,252 shares. Company has a market cap of $20,252 M.
Investors should note that on Jul 12, 2016, Moody's Corporation announced a cash dividend of $0.3700. The company’s management has announced Aug 18, 2016 as the ex-dividend date and fixed the record date on Aug 22, 2016. The payable date has been fixed on Sep 12, 2016.
In a different news, on Jul 1, 2016, Darrell Duffie (director) sold 500 shares at $91.94 per share price. According to the SEC, on May 20, 2016, Blair Worrall (SVP-Ratings Delivery and Data) sold 1,600 shares at $93.00 per share price. On May 18, 2016, Lisa Westlake (SVP & Chief HR Officer) sold 8,000 shares at $95.00 per share price, according to the Form-4 filing with the securities and exchange commission.
Moody’s Corporation (Moody’s) is a provider of credit ratings; credit capital markets and economic related research data and analytical tools; software solutions and related risk management services; quantitative credit risk measures financial services training and certification services and outsourced research and analytical services to financial institution customers. The Company operates in two segments: Moody’s Investors Service (MIS) and Moody’s Analytics (MA). The Company’s MIS segment publishes credit ratings on a range of debt obligations and the entities that issue such obligations in markets across the world including various corporate and Governmental obligations structured finance securities and commercial paper programs. The Company’s MA segment develops a range of products and services that support financial analysis and risk management activities of institutional participants in financial markets.