logo
Plus   Neg
Share
Email

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
British luxury car giant Aston Martin unveiled its first SUV at an event in Los Angeles and at a simultaneous event in Beijing. The DBX SUV comes with an aluminium body with a typical Aston Martin grille flanked by LED headlights with LED DRLs. "I can't emphasize enough how incredibly exciting... Google has rolled out an audio news service for Google Assistant, called 'Your News Update,' which will read out a user's customized news feed. According to the tech giant, 'Your News Update' is a smarter way to listen to the news hosted by the Google Assistant. The customized news feed will deliver stories from a variety of media partners, including CBS, Politico, Fox News and CNN. The U.S. Securities and Exchange Commission said it has filed an emergency action and received a temporary restraining order and asset freeze against two Florida residents as well as the two companies controlled by them for an alleged $6 million Ponzi scheme. The Ponzi scheme by Neil Burkholz of Boca Raton, Florida, and Frank Bianco of Pembroke Pines, Florida, defrauded at least 55 investors.
Follow RTT
>