Moelis & Company (MC) to Release Earnings on Wednesday

Moelis & Company (NYSE:MC - Get Free Report) will likely be announcing its earnings results after the market closes on Wednesday, April 23rd. Analysts expect the company to announce earnings of $0.67 per share and revenue of $309.67 million for the quarter. Parties that wish to register for the company's conference call can do so using this link.

Moelis & Company (NYSE:MC - Get Free Report) last announced its quarterly earnings results on Wednesday, February 5th. The asset manager reported $1.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.79. Moelis & Company had a net margin of 11.39% and a return on equity of 38.49%. 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 Up 1.8 %

Shares of MC traded up $0.91 during trading hours on Friday, reaching $51.68. The stock had a trading volume of 732,672 shares, compared to its average volume of 729,281. The company has a market cap of $3.87 billion, a P/E ratio of 29.37 and a beta of 1.53. Moelis & Company has a 52 week low of $46.24 and a 52 week high of $82.89. The firm has a 50-day moving average of $61.50 and a 200 day moving average of $69.58.

Moelis & Company Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 27th. Shareholders of record on Tuesday, February 18th were paid a $0.65 dividend. This represents a $2.60 dividend on an annualized basis and a yield of 5.03%. 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 presently 147.73%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Wells Fargo & Company cut their price objective on Moelis & Company from $63.00 to $55.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 8th. JMP Securities reiterated a "market perform" rating on shares of Moelis & Company in a report on Thursday, February 6th. Keefe, Bruyette & Woods restated an "outperform" rating and set a $92.00 price objective (up from $86.00) on shares of Moelis & Company in a report on Thursday, February 6th. Morgan Stanley cut their price objective on shares of Moelis & Company from $70.00 to $42.00 and set an "underweight" rating on the stock in a research report on Monday, April 7th. Finally, StockNews.com cut Moelis & Company from a "buy" rating to a "hold" rating in a report on Thursday, March 13th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, Moelis & Company presently has an average rating of "Hold" and an average price target of $62.50.

Insider Buying and Selling

In other Moelis & Company news, CEO Kenneth Moelis sold 9,712 shares of the firm's stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $74.00, for a total value of $718,688.00. Following the completion of the transaction, the chief executive officer now directly owns 209,235 shares in the company, valued at $15,483,390. This trade represents a 4.44 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Kenneth Shropshire sold 2,551 shares of the company's stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $72.30, for a total value of $184,437.30. Following the sale, the director now owns 6,940 shares in the company, valued at approximately $501,762. This represents a 26.88 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 22,721 shares of company stock worth $1,677,017. 6.40% of the stock is owned by insiders.

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.