Moelis & Company (MC) Scheduled to Post Quarterly Earnings on Wednesday

Moelis & Company (NYSE:MC) will be releasing its earnings data after the market closes on Wednesday, April 24th. Analysts expect Moelis & Company to post earnings of $0.05 per share for the quarter. Individual interested in listening to the company’s earnings conference call can do so using this link.

Moelis & Company (NYSE:MC) last posted its quarterly earnings results on Wednesday, February 7th. The asset manager reported ($0.06) EPS for the quarter, beating the consensus estimate of ($0.11) by $0.05. The firm had revenue of $214.90 million for the quarter, compared to analyst estimates of $197.98 million. Moelis & Company had a negative net margin of 2.89% and a negative return on equity of 3.82%. Moelis & Company’s revenue for the quarter was up 3.7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.33 earnings per share. On average, analysts expect Moelis & Company to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Moelis & Company Stock Down 1.3 %

MC opened at $51.08 on Wednesday. The firm’s 50 day moving average is $54.63 and its 200-day moving average is $51.16. The firm has a market capitalization of $3.64 billion, a P/E ratio of -141.89 and a beta of 1.35. Moelis & Company has a 52-week low of $33.87 and a 52-week high of $58.67.

Moelis & Company Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Tuesday, February 20th were issued a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 4.70%. The ex-dividend date of this dividend was Friday, February 16th. Moelis & Company’s dividend payout ratio (DPR) is -666.67%.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on MC. StockNews.com upgraded shares of Moelis & Company from a “sell” rating to a “hold” rating in a research note on Thursday, February 8th. UBS Group dropped their target price on Moelis & Company from $46.00 to $45.00 and set a “sell” rating on the stock in a report on Tuesday, March 26th. Keefe, Bruyette & Woods reiterated a “market perform” rating and set a $56.00 price target on shares of Moelis & Company in a report on Monday, January 29th. JMP Securities reissued a “market perform” rating on shares of Moelis & Company in a research report on Tuesday, April 9th. Finally, JPMorgan Chase & Co. raised their target price on Moelis & Company from $46.00 to $57.00 and gave the stock a “neutral” rating in a research report on Thursday, February 8th. Two equities research analysts have rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $50.80.

Insider Buying and Selling at Moelis & Company

In other Moelis & Company news, CEO Kenneth Moelis sold 128,277 shares of the company’s stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $52.60, for a total value of $6,747,370.20. Following the completion of the transaction, the chief executive officer now owns 161,810 shares of the company’s stock, valued at approximately $8,511,206. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, CEO Kenneth Moelis sold 128,277 shares of the firm’s stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $52.60, for a total transaction of $6,747,370.20. Following the completion of the sale, the chief executive officer now owns 161,810 shares of the company’s stock, valued at $8,511,206. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Navid Mahmoodzadegan sold 20,001 shares of the stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $55.82, for a total value of $1,116,455.82. Following the completion of the transaction, the insider now owns 79,859 shares in the company, valued at approximately $4,457,729.38. The disclosure for this sale can be found here. Insiders have sold a total of 375,185 shares of company stock valued at $20,130,225 in the last ninety days. 6.96% of the stock is currently owned by corporate insiders.

Institutional Trading of Moelis & Company

Large investors have recently bought and sold shares of the company. First Capital Advisors Group LLC. bought a new stake in Moelis & Company during the second quarter worth about $26,000. Tower Research Capital LLC TRC grew its stake in shares of Moelis & Company by 380.1% in the 1st quarter. Tower Research Capital LLC TRC now owns 1,378 shares of the asset manager’s stock worth $53,000 after buying an additional 1,091 shares during the last quarter. Covestor Ltd grew its stake in shares of Moelis & Company by 230.3% in the 1st quarter. Covestor Ltd now owns 1,539 shares of the asset manager’s stock worth $72,000 after buying an additional 1,073 shares during the last quarter. International Assets Investment Management LLC grew its stake in shares of Moelis & Company by 890.4% in the 4th quarter. International Assets Investment Management LLC now owns 3,199 shares of the asset manager’s stock worth $180,000 after buying an additional 2,876 shares during the last quarter. Finally, WINTON GROUP Ltd purchased a new stake in shares of Moelis & Company in the 1st quarter worth approximately $202,000. 91.53% of the stock is owned by hedge funds and other institutional investors.

About Moelis & Company

Moelis & Company operates as an investment banking advisory firm. It offers advisory services in the areas of mergers and acquisitions, recapitalizations and restructurings, capital markets transactions, and other corporate finance matters, as well as strategic, capital structure, and private funds advisory.