Key Developments: Moody's Corp (MCO)
66.50USD
23 May 2013
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$66.98
$66.16
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$65.80
271,915
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$33.86
Latest Key Developments (Source: Significant Developments)
Moodys Corp Declares Quarterly Dividend
Moodys Corp announced that it has declared a regular quarterly dividend of 20 cents per share of MCO Common Stock. The dividend will be payable on June 10, 2013 to stockholders of record at the close of business on May 20, 2013. Full Article
Moodys Corp Raises FY 2013 EPS Guidance; Reaffirms FY 2013 Revenue Guidance
Moodys Corp announced that for fiscal 2013, it expects non-GAAP earnings per share (EPS) guidance range, which excludes the impact of the first quarter litigation settlement charge, is now $3.49 to $3.59. For Moody's overall, the Company still expects fiscal 2013 revenue to grow in the high-single-digit percent range. The Company reported revenue of $2.730 billion in fiscal 2012. According to I/B/E/S Estimates, analysts were expecting the Company to report EPS of $3.51 on revenues of $2.96 billion for fiscal 2013. Full Article
Abu Dhabi Commercial Bank PJSC Settles Legal Action Against Morgan Stanley, S&P and Moodys Corp
Abu Dhabi Commercial Bank PJSC (ADCB) announced that it has settled its legal action against Morgan Stanley, S&P, Moodys Corp and others in respect of its purchase of Cheyne SIV notes. ADCB commenced proceedings in 2008 in the New York district courts to recover its original investment of USD 10 million in Cheyne notes. The action was resolved on Wednesday April 24, 2013 by an out-of-court settlement, the terms of which are confidential. ADCB is satisfied with the outcome of the settlement. The original investment had already been fully provisioned and receipt of the settlement proceeds will have a positive but relatively limited impact on ADCB’s balance sheet. Full Article
Moodys Corp's Moody's Analytics Secures Contract From European Banking Authority For Services Around Stress Testing
Moodys Corp announced that it has been appointed by the European Banking Authority (EBA) to help assist with the design, implementation and reporting of stress test exercises. Under the agreement, Moody's Analytics will provide services that include analysis of previous stress test exercises data and methodologies, development of turnkey methodologies for benchmarking results of bottom-up stress tests, assistance with methodologies for the collection, management and storage of data, and development of turnkey and interactive tools for reporting and presentation of stress test data. Full Article
Moodys Corp Issues FY 2013 Revenue Guidance In Line With Analysts' Estimates; Reaffirms FY 2013 EPS Guidance-Conference Call
Moodys Corp announced that for fiscal 2013, it expects revenue growth in the high single digits and EPS in the range of $3.45 to $3.55. The Company reported revenue of $2.730 billion in fiscal 2012. According to I/B/E/S Estimates, analysts were expecting the Company to report revenues of $2.953 billion and EPS of $3.50 for fiscal 2013. Full Article
Moodys Corp Increases Share Repurchase Authorization by $1 Billion
Moodys Corp announced that it authorized a new $1 billion share repurchase program. Moody's expects to commence repurchases under the new program following completion of the existing program, which had $677 million of share repurchase authority remaining as of December 31, 2012. Full Article
Moodys Corp Issues FY 2013 EPS Guidance Above Analysts' Estimates; Comments On FY 2013 Revenue Guidance
Moodys Corp announced that despite ongoing economic uncertainty, it anticipates generally favorable market conditions to remain in place in fiscal 2013. The Company expects revenue growth across all areas of the business, as well as earnings per share in the range of $3.45 to $3.55. According to I/B/E/S Estimates, analysts were expecting the Company to report revenues of $2.65 billion and EPS of $3.18 for fiscal 2013. Full Article
Moodys Corp Revises FY 2012 Guidance-Conference Call
Moodys Corp announced that fiscal 2012 guidance as of last earnings call on October 26. The Company expects revenue and operating expenses growth both in the mid-teens percent range, an operating, or EBIT, margin of 40%, which would be up from 2011's full-year margin of 39%. It expects pro forma earnings per share of $2.89 to $2.99, which is 17% to 22% growth over 2011's $2.46 of pro forma EPS. Full Article
Moodys Corp Declares Quarterly Dividend
Moodys Corp announced that it has declared a regular quarterly dividend of 20 cents per share of MCO Common Stock, a 25 % increase from the prior quarterly dividend of 16 cents per share. The dividend will be payable on March 11, 2013 to stockholders of record at the close of business on February 20, 2013. Full Article
Moodys Corp Reaffirms FY 2012 Guidance-Conference Call
Moodys Corp announced that it expects to see revenue and expenses in the mid-teens range, and EPS of both GAAP and pro forma as expected previously and indicated share repurchase plans for fiscal 2012. The Company reported revenues of $2.281 billion in fiscal 2011. According to I/B/E/S Estimates, analysts were expecting the Company to report revenues of $2.65 billion and EPS of $2.96 for fiscal 2012. Full Article
New Issue-EFSF adds 1.5 bln euros to 2016 bond
Borrower European Financial Stability Facility
Earnings vs. 
Estimates
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