Moelis & Company (MC) Expected to Announce Quarterly Earnings on Wednesday

Moelis & Company (NYSE:MC - Get Free Report) is expected to announce its earnings results after the market closes on Wednesday, February 5th. Analysts expect the company to announce earnings of $0.39 per share and revenue of $348.79 million for the quarter. Investors that wish to listen to the company's conference call can do so using this link.

Moelis & Company Stock Up 0.6 %

Shares of Moelis & Company stock traded up $0.48 during trading on Friday, reaching $78.25. The company's stock had a trading volume of 520,700 shares, compared to its average volume of 629,247. The business has a 50 day moving average price of $75.31 and a 200-day moving average price of $70.40. The company has a market capitalization of $5.86 billion, a P/E ratio of 147.64 and a beta of 1.39. Moelis & Company has a 12-month low of $46.24 and a 12-month high of $81.60.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Wells Fargo & Company reduced their price objective on Moelis & Company from $78.00 to $77.00 and set an "equal weight" rating for the company in a report on Tuesday, January 14th. UBS Group lifted their price objective on Moelis & Company from $54.00 to $60.00 and gave the stock a "sell" rating in a report on Tuesday, October 8th. Morgan Stanley raised Moelis & Company from an "underweight" rating to an "overweight" rating and lifted their price objective for the stock from $66.00 to $92.00 in a report on Monday, December 9th. Finally, Keefe, Bruyette & Woods raised Moelis & Company from a "market perform" rating to an "outperform" rating and lifted their price objective for the stock from $71.00 to $86.00 in a report on Friday, December 20th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $70.67.

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.