Moelis & Company (MC) to Release Quarterly Earnings on Wednesday

Moelis & Company (NYSE:MC) is scheduled to be posting its quarterly earnings results after the market closes on Wednesday, October 23rd. Analysts expect Moelis & Company to post earnings of $0.23 per share for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.

Moelis & Company (NYSE:MC) last announced its quarterly earnings results on Wednesday, July 24th. The asset manager reported $0.18 EPS for the quarter, beating the consensus estimate of $0.11 by $0.07. Moelis & Company had a return on equity of 4.38% and a net margin of 1.38%. The business had revenue of $264.59 million for the quarter, compared to analyst estimates of $227.90 million. During the same quarter in the prior year, the company posted ($0.04) EPS. The company’s quarterly revenue was up 47.1% on a year-over-year basis. On average, analysts expect Moelis & Company to post $1 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Moelis & Company Price Performance

Shares of MC opened at $70.64 on Tuesday. The stock has a market cap of $5.28 billion, a PE ratio of -371.79 and a beta of 1.33. The firm has a 50-day simple moving average of $67.18 and a two-hundred day simple moving average of $60.43. Moelis & Company has a 1-year low of $38.58 and a 1-year high of $72.80.

Moelis & Company Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, September 26th. Shareholders of record on Monday, August 5th were given a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 3.40%. The ex-dividend date was Monday, August 5th. Moelis & Company’s dividend payout ratio is currently -1,263.16%.

Analyst Ratings Changes

A number of research analysts recently weighed in on MC shares. Morgan Stanley upped their target price on shares of Moelis & Company from $61.00 to $67.00 and gave the stock an “underweight” rating in a research note on Monday, September 23rd. UBS Group raised their target price on Moelis & Company from $54.00 to $60.00 and gave the stock a “sell” rating in a research report on Tuesday, October 8th. JPMorgan Chase & Co. lifted their price target on shares of Moelis & Company from $50.00 to $51.00 and gave the stock a “neutral” rating in a research note on Thursday, July 25th. Wells Fargo & Company assumed coverage on shares of Moelis & Company in a research report on Thursday, September 12th. They set an “equal weight” rating and a $70.00 target price on the stock. Finally, Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $60.00 price objective (up from $54.00) on shares of Moelis & Company in a research report on Thursday, July 25th. Two analysts have rated the stock with a sell rating and six have issued a hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $61.00.

Insider Buying and Selling at Moelis & Company

In other news, CEO Kenneth Moelis sold 5,308 shares of the company’s stock in a transaction on Tuesday, July 30th. The stock was sold at an average price of $68.87, for a total value of $365,561.96. Following the sale, the chief executive officer now directly owns 86 shares in the company, valued at $5,922.82. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CFO Joseph Simon sold 6,723 shares of Moelis & Company stock in a transaction dated Thursday, July 25th. The stock was sold at an average price of $64.00, for a total value of $430,272.00. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Kenneth Moelis sold 5,308 shares of the firm’s stock in a transaction on Tuesday, July 30th. The shares were sold at an average price of $68.87, for a total transaction of $365,561.96. Following the completion of the transaction, the chief executive officer now directly owns 86 shares in the company, valued at approximately $5,922.82. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 12,526 shares of company stock valued at $830,133. Insiders own 6.40% of the company’s stock.

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.