Moelis & Company (MC) Set to Announce Earnings on Wednesday

Moelis & Company (NYSE:MC) will announce its earnings results after the market closes on Wednesday, October 23rd. Analysts expect the company to announce earnings of $0.23 per share for the quarter. Investors that wish to register for the company’s conference call can do so using this link.

Moelis & Company (NYSE:MC) last issued its quarterly earnings results on Wednesday, July 24th. The asset manager reported $0.18 EPS for the quarter, topping the consensus estimate of $0.11 by $0.07. Moelis & Company had a net margin of 1.38% and a return on equity of 4.38%. The firm had revenue of $264.59 million for the quarter, compared to analysts’ expectations of $227.90 million. During the same period in the previous year, the business earned ($0.04) earnings per share. Moelis & Company’s revenue for the quarter was up 47.1% compared to the same quarter last year. 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 Trading Down 0.8 %

NYSE:MC opened at $71.32 on Monday. The company has a 50-day moving average of $66.97 and a 200-day moving average of $60.32. The firm has a market cap of $5.33 billion, a price-to-earnings ratio of -375.37 and a beta of 1.33. Moelis & Company has a twelve month low of $38.58 and a twelve month high of $72.80.

Moelis & Company Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, September 26th. Shareholders of record on Monday, August 5th were issued a $0.60 dividend. The ex-dividend date of this dividend was Monday, August 5th. This represents a $2.40 annualized dividend and a dividend yield of 3.37%. Moelis & Company’s dividend payout ratio is currently -1,263.16%.

Insider Transactions at Moelis & Company

In other Moelis & Company news, Director Kenneth Shropshire sold 495 shares of the company’s 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 owns 9,372 shares of the company’s stock, valued at $649,385.88. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Moelis & Company news, 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 transaction of $34,298.55. Following the completion of the sale, the director now directly owns 9,372 shares in the company, valued at $649,385.88. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 disclosure for this sale can be found here. In the last quarter, insiders sold 12,526 shares of company stock worth $830,133. 6.40% of the stock is owned by corporate insiders.

Analyst Ratings Changes

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

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.