Moelis & Company (MC) Expected to Announce Quarterly Earnings on Wednesday

Moelis & Company (NYSE:MC) is expected to post its quarterly earnings results after the market closes on Wednesday, April 23rd. Analysts expect Moelis & Company to post earnings of $0.67 per share and revenue of $309.67 million for the quarter. Parties interested in participating in the company’s conference call can do so using this link.

Moelis & Company (NYSE:MC) last released its quarterly earnings results on Wednesday, February 5th. The asset manager reported $1.18 earnings per share for the quarter, topping analysts’ consensus estimates of $0.39 by $0.79. Moelis & Company had a return on equity of 38.49% and a net margin of 11.39%. On average, analysts expect Moelis & Company to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Moelis & Company Stock Performance

MC opened at $52.34 on Wednesday. The company has a market cap of $3.92 billion, a price-to-earnings ratio of 29.74 and a beta of 1.53. Moelis & Company has a one year low of $46.24 and a one year high of $82.89. The business’s fifty day moving average is $63.12 and its two-hundred day moving average is $69.90.

Moelis & Company Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 27th. Stockholders of record on Tuesday, February 18th were issued a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a dividend yield of 4.97%. This is a boost from Moelis & Company’s previous quarterly dividend of $0.60. The ex-dividend date was Tuesday, February 18th. Moelis & Company’s payout ratio is 147.73%.

Insider Buying and Selling

In related news, Director Kenneth Shropshire sold 2,551 shares of the stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $72.30, for a total transaction of $184,437.30. Following the completion of the sale, the director now owns 6,940 shares of the company’s stock, valued at approximately $501,762. This represents a 26.88 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Christopher Callesano sold 1,282 shares of Moelis & Company stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $74.00, for a total transaction of $94,868.00. Following the transaction, the insider now directly owns 1,227 shares in the company, valued at approximately $90,798. This trade represents a 51.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 22,721 shares of company stock valued at $1,677,017. 6.40% of the stock is currently owned by company insiders.

Analyst Ratings Changes

MC has been the subject of a number of recent research reports. Morgan Stanley dropped their price objective on Moelis & Company from $70.00 to $42.00 and set an “underweight” rating for the company in a research report on Monday, April 7th. The Goldman Sachs Group cut their price objective on shares of Moelis & Company from $86.00 to $75.00 and set a “neutral” rating for the company in a research report on Friday, March 14th. Wells Fargo & Company decreased their target price on shares of Moelis & Company from $63.00 to $55.00 and set an “equal weight” rating on the stock in a research report on Tuesday, April 8th. JMP Securities reaffirmed a “market perform” rating on shares of Moelis & Company in a research note on Thursday, February 6th. Finally, Keefe, Bruyette & Woods reissued an “outperform” rating and set a $92.00 price target (up previously from $86.00) on shares of Moelis & Company in a research note on Thursday, February 6th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, Moelis & Company presently has an average rating of “Hold” and an average price target of $62.50.

Moelis & Company Company Profile

Moelis & Co operates as a holding company. It engages in the provision of financial advisory, capital raising and asset management services to a client base including corporations, governments, sovereign wealth funds and financial sponsors. The firm focuses on clients including large public multinational corporations, middle market private companies, financial sponsors, entrepreneurs and governments.