Zacks Research Cuts Earnings Estimates for Moelis & Company

Moelis & Company (NYSE:MC) – Analysts at Zacks Research decreased their Q4 2024 earnings per share estimates for shares of Moelis & Company in a research report issued on Wednesday, October 23rd. Zacks Research analyst R. Department now expects that the asset manager will earn $0.36 per share for the quarter, down from their previous forecast of $0.43. 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 Q1 2025 earnings at $0.46 EPS, Q2 2025 earnings at $0.48 EPS, Q3 2025 earnings at $0.77 EPS and FY2026 earnings at $3.46 EPS.

Other research analysts also recently issued research reports about the company. Wells Fargo & Company initiated coverage on Moelis & Company in a report on Thursday, September 12th. They issued an “equal weight” rating and a $70.00 price objective on the stock. UBS Group increased their price objective on Moelis & Company from $54.00 to $60.00 and gave the company a “sell” rating in a report on Tuesday, October 8th. Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $60.00 price objective (up previously from $54.00) on shares of Moelis & Company in a report on Thursday, July 25th. JPMorgan Chase & Co. increased their price objective on Moelis & Company from $50.00 to $51.00 and gave the company a “neutral” rating in a report on Thursday, July 25th. Finally, Morgan Stanley decreased their target price on Moelis & Company from $67.00 to $66.00 and set an “underweight” rating for the company in a research report on Thursday. Two equities research analysts have rated the stock with a sell rating and six have assigned a hold rating to the company. According to data from MarketBeat.com, Moelis & Company has a consensus rating of “Hold” and an average price target of $60.83.

Moelis & Company Stock Performance

MC opened at $65.89 on Thursday. Moelis & Company has a one year low of $39.08 and a one year high of $72.80. The company has a market cap of $4.93 billion, a P/E ratio of 439.27 and a beta of 1.33. The business’s 50-day simple moving average is $67.53 and its 200-day simple moving average is $60.69.

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

Moelis & Company Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Monday, November 4th will be given a $0.60 dividend. The ex-dividend date of this dividend is Monday, November 4th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.64%. Moelis & Company’s dividend payout ratio (DPR) is presently 1,600.00%.

Insider Activity at Moelis & Company

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

Institutional Trading of Moelis & Company

Hedge funds have recently modified their holdings of the business. UMB Bank n.a. lifted its holdings in shares of Moelis & Company by 63.5% in the 2nd quarter. UMB Bank n.a. now owns 497 shares of the asset manager’s stock valued at $28,000 after buying an additional 193 shares during the period. Hexagon Capital Partners LLC lifted its holdings in shares of Moelis & Company by 147.9% in the 1st quarter. Hexagon Capital Partners LLC now owns 657 shares of the asset manager’s stock valued at $37,000 after buying an additional 392 shares during the period. Benjamin F. Edwards & Company Inc. lifted its holdings in shares of Moelis & Company by 510.2% in the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 836 shares of the asset manager’s stock valued at $47,000 after buying an additional 699 shares during the period. GAMMA Investing LLC lifted its holdings in shares of Moelis & Company by 115.8% in the 3rd quarter. GAMMA Investing LLC now owns 995 shares of the asset manager’s stock valued at $68,000 after buying an additional 534 shares during the period. Finally, Blue Trust Inc. increased its stake in Moelis & Company by 193.0% in the 3rd 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 in the last quarter. 91.53% of the stock is owned by institutional investors and hedge funds.

Moelis & Company Company Profile

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.