Revenue Update on Moody's Corporation(NYSE:MCO)

Moody's Corporation(NYSE:MCO) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Jul 22, 2016. Company reported revenue of $928.90M. Analysts estimated a revenue of $903.48M. Earnings per share were $1.30. Analysts had estimated an EPS of $1.26.

In a different note, Credit Suisse said it Initiates Coverage on Moody's Corporation, according to a research note issued on Jul 11, 2016. The shares have been rated ‘Neutral’ by the firm.

Moody's Corporation (MCO) made into the market gainers list on Thursdays trading session with the shares advancing 1.01% or 1.06 points. Due to strong positive momentum, the stock ended at $106.18, which is also near the day’s high of $106.58. The stock began the session at $104.45 and the volume stood at 6,97,097 shares. The 52-week high of the shares is $112.58 and the 52 week low is $77.76. The company has a current market capitalization of $20,631 M and it has 19,43,00,000 shares in outstanding.

Moody's Corporation has also declared a cash dividend of $0.3700 on Jul 12, 2016. The shares will quote ex-dividend on Aug 18, 2016 and the record date has been fixed on Aug 22, 2016. The dividend payable date has been fixed on Sep 12, 2016.

Several Insider Transactions has been reported to the SEC. On Jul 1, 2016, Darrell Duffie (director) sold 500 shares at $91.94 per share price.Also, 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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *