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MarketScreener Homepage  >  Equities  >  Nyse  >  Moody's Corporation    MCO

MOODY'S CORPORATION

(MCO)
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Moody : Beats 3Q Expectations as More Companies Raise Debt

10/29/2020 | 06:38am EST

By Robert Barba

Moody's Corp. said its revenue and earnings grew in the latest quarter as a boom in debt issuances resulted in a higher demand for its services.

The rating agency reported third-quarter net income of $467 million, or $2.47 a share, compared with $380 million, or $1.99 a share, a year earlier.

Adjusted earnings were $2.69 a share. Analysts polled by FactSet expected adjusted earnings of $2.09 a share.

Revenue was $1.36 billion, up from $1.24 billion a year earlier. Analysts expected sales of $1.22 billion.

Revenue from its investors services business rose 11%, while revenue from its analytics business rose 7%.

"Moody's Investors Service benefitted from a third consecutive record issuance quarter as fixed-rate issuers took advantage of historically low borrowing costs to refinance existing debt and strengthen liquidity positions," said Raymond McDaniel, president and chief executive, in prepared remarks.

Write to Robert Barba at robert.barba@wsj.com

(END) Dow Jones Newswires

10-29-20 0737ET

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Financials (USD)
Sales 2020 5 299 M - -
Net income 2020 1 813 M - -
Net Debt 2020 4 144 M - -
P/E ratio 2020 27,9x
Yield 2020 0,86%
Capitalization 50 087 M 50 087 M -
EV / Sales 2020 10,2x
EV / Sales 2021 9,95x
Nbr of Employees 11 397
Free-Float 54,6%
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Technical analysis trends MOODY'S CORPORATION
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Income Statement Evolution
Consensus
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Mean consensus OUTPERFORM
Number of Analysts 15
Average target price 310,15 $
Last Close Price 266,65 $
Spread / Highest target 39,1%
Spread / Average Target 16,3%
Spread / Lowest Target -9,99%
EPS Revisions
Managers and Directors
NameTitle
Robert Scott Fauber President, Chief Executive Officer & Director
Raymond W. McDaniel Non-Executive Chairman
Mark Kaye Chief Financial Officer & Senior Vice President
Mona Breed Chief Information Officer & Senior Vice President
Henry A. McKinnell Director
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