logo
  

Moody's Boosts FY19 Adj. EPS Outlook - Quick Facts

While reporting financial results for the second quarter, Moody's Corp. (MCO) on Wednesday raised its adjusted earnings guidance for the full-year 2019 in light of the first half performance exceeding expectations.

For fiscal 2019, the company now expects earnings in a range of $7.15 to $7.35 per share and adjusted earnings in the range of $7.95 to $8.15 per share on projected revenue growth in the mid-single-digit percent range.

Previously, the company projected earnings in the range of $7.30 to $7.55 per share and adjusted earnings in the range of $7.85 to $8.10 per share on revenue growth in the mid-single-digit percent range.

On average, 16 analysts polled by Thomson Reuters expect earnings of $8.00 per share on revenue growth of 5.5 percent to $4.69 billion for the year. Analysts' estimates typically exclude special items.

Earlier in the month, the company's Board of Directors declared a regular quarterly dividend of $0.50 per share of Moody's common stock, payable on September 10, 2019 to stockholders of record at the close of business on August 20, 2019.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
American Airlines canceled hundreds of flights this weekend and plans to cut more through at least mid-July due to bad weather and staffing shortages, multiple reports said. The shortage of flights come as demand is increasing heavily in the United States with reducing coronavirus cases benefited mainly by increased vaccination. Chinese HR firm 51job, Inc. (JOBS) announced Monday that it has entered into a definitive Agreement and Plan of Merger with Garnet Faith Limited, pursuant to which, and subject to the terms and conditions thereof, Garnet Faith will merge with and into 51job, with 51job being the surviving company, in... Priceline, affiliated to Booking Holdings Inc., is launching Fourth of July Freedom sale with bigger savings on flights, hotels and rental cars for the upcoming summer travel season. The company, which offers exclusive discounts on hotels, flights, alternative accommodations, rental cars, cruises and packages, said the two-week Freedom Sale will feature special discounts and promotions.
RELATED NEWS
Follow RTT