Zacks Research Analysts Reduce Earnings Estimates for MC

Moelis & Company (NYSE:MC) – Stock analysts at Zacks Research cut their Q3 2024 earnings per share estimates for Moelis & Company in a research report issued to clients and investors on Wednesday, October 23rd. Zacks Research analyst R. Department now anticipates that the asset manager will earn $0.20 per share for the quarter, down from their previous estimate of $0.21. The consensus estimate for Moelis & Company’s current full-year earnings is $0.98 per share. Zacks Research also issued estimates for Moelis & Company’s FY2024 earnings at $0.96 EPS, Q4 2025 earnings at $0.70 EPS, FY2025 earnings at $2.41 EPS, Q1 2026 earnings at $0.80 EPS, Q2 2026 earnings at $0.78 EPS and Q3 2026 earnings at $0.94 EPS.

Moelis & Company (NYSE:MC) last posted its earnings results on Wednesday, October 23rd. The asset manager reported $0.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.02. The firm had revenue of $273.76 million during the quarter, compared to analyst estimates of $273.58 million. Moelis & Company had a net margin of 1.38% and a return on equity of 4.38%. The business’s revenue was up .6% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.15) EPS.

Several other equities analysts have also recently commented on the stock. JPMorgan Chase & Co. lifted their target price on shares of Moelis & Company from $50.00 to $51.00 and gave the stock a “neutral” rating in a research report on Thursday, July 25th. Morgan Stanley dropped their price target on Moelis & Company from $67.00 to $66.00 and set an “underweight” rating on the stock in a report on Thursday. UBS Group boosted their price objective on Moelis & Company from $54.00 to $60.00 and gave the stock a “sell” rating in a research report on Tuesday, October 8th. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $60.00 target price (up from $54.00) on shares of Moelis & Company in a research report on Thursday, July 25th. Finally, Wells Fargo & Company began coverage on shares of Moelis & Company in a report on Thursday, September 12th. They issued an “equal weight” rating and a $70.00 price target on the stock. Two analysts have rated the stock with a sell rating and six have given a hold rating to the company’s stock. Based on data from MarketBeat.com, Moelis & Company has a consensus rating of “Hold” and an average target price of $60.83.

Moelis & Company Stock Performance

Moelis & Company stock opened at $65.89 on Friday. Moelis & Company has a fifty-two week low of $39.08 and a fifty-two week high of $72.80. The firm’s 50-day simple moving average is $67.53 and its 200 day simple moving average is $60.71. The stock has a market cap of $4.93 billion, a PE ratio of 439.27 and a beta of 1.33.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. UMB Bank n.a. increased its stake in Moelis & Company by 63.5% in the 2nd quarter. UMB Bank n.a. now owns 497 shares of the asset manager’s stock worth $28,000 after acquiring an additional 193 shares during the last quarter. Hexagon Capital Partners LLC increased its position in shares of Moelis & Company by 147.9% in the first quarter. Hexagon Capital Partners LLC now owns 657 shares of the asset manager’s stock worth $37,000 after purchasing an additional 392 shares during the last quarter. Benjamin F. Edwards & Company Inc. increased its position in shares of Moelis & Company by 510.2% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 836 shares of the asset manager’s stock worth $47,000 after purchasing an additional 699 shares during the last quarter. GAMMA Investing LLC raised its stake in Moelis & Company by 115.8% in the third quarter. GAMMA Investing LLC now owns 995 shares of the asset manager’s stock valued at $68,000 after purchasing an additional 534 shares in the last quarter. Finally, Blue Trust Inc. lifted its position in Moelis & Company by 193.0% during the third quarter. Blue Trust Inc. now owns 1,081 shares of the asset manager’s stock valued at $74,000 after purchasing an additional 712 shares during the last quarter. Institutional investors own 91.53% of the company’s stock.

Insider Buying and Selling

In other news, Director Kenneth Shropshire sold 495 shares of the business’s stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $69.29, for a total value of $34,298.55. Following the sale, the director now owns 9,372 shares of the company’s stock, valued at $649,385.88. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other Moelis & Company news, CEO Kenneth Moelis sold 5,308 shares of the firm’s stock in a transaction dated Tuesday, July 30th. The stock was sold at an average price of $68.87, for a total value of $365,561.96. Following the completion of the transaction, the chief executive officer now owns 86 shares in the company, valued at $5,922.82. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Kenneth Shropshire sold 495 shares of the company’s stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $69.29, for a total value of $34,298.55. Following the sale, the director now owns 9,372 shares in the company, valued at approximately $649,385.88. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 6.40% of the stock is currently owned by insiders.

Moelis & Company Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Monday, November 4th will be paid a dividend of $0.60 per share. The ex-dividend date of this dividend is Monday, November 4th. This represents a $2.40 annualized dividend and a dividend yield of 3.64%. Moelis & Company’s payout ratio is 1,600.00%.

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.