Brokerages Anticipate Moelis & Company (NYSE:MC) to Announce $0.80 EPS

Wall Street brokerages forecast that Moelis & Company (NYSE:MCGet Rating) will report earnings per share of $0.80 for the current quarter, Zacks Investment Research reports. Four analysts have provided estimates for Moelis & Company’s earnings. The lowest EPS estimate is $0.66 and the highest is $0.93. Moelis & Company reported earnings of $1.02 per share in the same quarter last year, which suggests a negative year-over-year growth rate of 21.6%. The business is expected to issue its next quarterly earnings report after the market closes on Monday, January 1st.

According to Zacks, analysts expect that Moelis & Company will report full year earnings of $3.93 per share for the current fiscal year, with EPS estimates ranging from $3.47 to $4.18. For the next financial year, analysts anticipate that the firm will report earnings of $3.92 per share, with EPS estimates ranging from $3.47 to $4.20. Zacks’ EPS averages are a mean average based on a survey of sell-side research firms that that provide coverage for Moelis & Company.

Moelis & Company (NYSE:MCGet Rating) last announced its quarterly earnings results on Wednesday, February 9th. The asset manager reported $1.42 earnings per share for the quarter, missing the consensus estimate of $1.48 by ($0.06). Moelis & Company had a return on equity of 85.78% and a net margin of 23.71%. The company had revenue of $425.02 million for the quarter, compared to analyst estimates of $436.74 million. During the same period in the prior year, the business posted $1.99 earnings per share.

Several research firms have recently issued reports on MC. Zacks Investment Research lowered shares of Moelis & Company from a “buy” rating to a “hold” rating and set a $54.00 target price on the stock. in a research note on Monday, February 14th. Morgan Stanley lowered their target price on shares of Moelis & Company from $65.00 to $53.00 and set an “equal weight” rating on the stock in a research note on Tuesday, March 8th. The Goldman Sachs Group lowered their target price on shares of Moelis & Company from $50.00 to $45.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 12th. Piper Sandler lowered their target price on shares of Moelis & Company from $61.00 to $52.00 and set an “overweight” rating on the stock in a research note on Thursday, April 7th. Finally, UBS Group decreased their price target on shares of Moelis & Company from $85.00 to $73.00 and set a “buy” rating on the stock in a research note on Tuesday, January 4th. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $56.71.

In other news, General Counsel Osamu R. Watanabe sold 6,232 shares of the firm’s stock in a transaction that occurred on Tuesday, February 22nd. The shares were sold at an average price of $47.12, for a total transaction of $293,651.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Jeffrey Raich sold 33,762 shares of the firm’s stock in a transaction that occurred on Tuesday, February 22nd. The stock was sold at an average price of $47.12, for a total transaction of $1,590,865.44. The disclosure for this sale can be found here. Insiders sold a total of 86,121 shares of company stock worth $4,058,022 over the last three months. Corporate insiders own 8.46% of the company’s stock.

A number of institutional investors have recently bought and sold shares of the stock. BlackRock Inc. increased its holdings in Moelis & Company by 0.4% in the 4th quarter. BlackRock Inc. now owns 4,580,783 shares of the asset manager’s stock valued at $286,344,000 after purchasing an additional 18,964 shares during the last quarter. Alliancebernstein L.P. increased its holdings in Moelis & Company by 21.1% in the 4th quarter. Alliancebernstein L.P. now owns 2,539,942 shares of the asset manager’s stock valued at $158,772,000 after purchasing an additional 441,909 shares during the last quarter. Timucuan Asset Management Inc. FL increased its holdings in Moelis & Company by 0.9% in the 3rd quarter. Timucuan Asset Management Inc. FL now owns 2,041,626 shares of the asset manager’s stock valued at $126,315,000 after purchasing an additional 19,064 shares during the last quarter. Westwood Holdings Group Inc. increased its holdings in Moelis & Company by 5.9% in the 4th quarter. Westwood Holdings Group Inc. now owns 1,316,503 shares of the asset manager’s stock valued at $82,295,000 after purchasing an additional 72,828 shares during the last quarter. Finally, State Street Corp increased its holdings in Moelis & Company by 5.9% in the 4th quarter. State Street Corp now owns 1,310,407 shares of the asset manager’s stock valued at $81,914,000 after purchasing an additional 73,419 shares during the last quarter. Hedge funds and other institutional investors own 83.76% of the company’s stock.

MC stock opened at $48.00 on Thursday. The company’s 50-day simple moving average is $47.05 and its 200-day simple moving average is $58.13. Moelis & Company has a 52-week low of $43.72 and a 52-week high of $77.49. The firm has a market cap of $3.22 billion, a P/E ratio of 8.99 and a beta of 1.24.

The firm also recently announced a quarterly dividend, which was paid on Monday, March 28th. Shareholders of record on Tuesday, February 22nd were paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 5.00%. The ex-dividend date of this dividend was Friday, February 18th. Moelis & Company’s dividend payout ratio (DPR) is 44.94%.

Moelis & Company Company Profile (Get Rating)

Moelis & Company operates as an investment banking advisory firm in the United States, Europe, and internationally. It offers advisory services in the areas of mergers and acquisitions, recapitalizations and restructurings, capital markets transactions, and other corporate finance matters. The company offers its services to public multinational corporations, middle market private companies, financial sponsors, entrepreneurs, governments, and sovereign wealth funds.

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Earnings History and Estimates for Moelis & Company (NYSE:MC)

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