Zacks Research Issues Negative Estimate for MC Earnings

Moelis & Company (NYSE:MC - Free Report) - Equities researchers at Zacks Research dropped their Q3 2024 earnings per share (EPS) estimates for Moelis & Company in a research report issued to clients and investors on Wednesday, October 23rd. Zacks Research analyst R. Department now forecasts that the asset manager will post earnings per share of $0.20 for the quarter, down from their previous forecast 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.

A number of other equities research analysts also recently issued reports on MC. JPMorgan Chase & Co. increased 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 cut their price objective on Moelis & Company from $67.00 to $66.00 and set an "underweight" rating for the company in a report on Thursday. UBS Group lifted their price objective on Moelis & Company from $54.00 to $60.00 and gave the company a "sell" rating in a research report on Tuesday, October 8th. Keefe, Bruyette & Woods reaffirmed a "market perform" rating and issued 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 started coverage on Moelis & Company in a report on Thursday, September 12th. They set an "equal weight" rating and a $70.00 price target for the company. Two research analysts have rated the stock with a sell rating and six have issued a hold rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $60.83.

Moelis & Company Stock Performance

Shares of NYSE MC traded down $1.07 during mid-day trading on Friday, reaching $65.89. The company had a trading volume of 1,228,048 shares, compared to its average volume of 628,945. The company has a market capitalization of $4.93 billion, a price-to-earnings ratio of 439.27 and a beta of 1.33. The stock has a fifty day moving average of $67.53 and a two-hundred day moving average of $60.69. Moelis & Company has a 12-month low of $39.08 and a 12-month high of $72.80.

Moelis & Company (NYSE:MC - Get Free Report) last announced its quarterly earnings data on Wednesday, October 23rd. The asset manager reported $0.22 EPS for the quarter, topping analysts' consensus estimates of $0.20 by $0.02. Moelis & Company had a return on equity of 4.38% and a net margin of 1.38%. The firm had revenue of $273.76 million during the quarter, compared to analyst estimates of $273.58 million. During the same period last year, the company posted ($0.15) EPS. The business's quarterly revenue was up .6% compared to the same quarter last year.

Institutional Investors Weigh In On Moelis & Company

Hedge funds have recently modified their holdings of the business. Trust Point Inc. lifted its stake in shares of Moelis & Company by 0.8% in the third quarter. Trust Point Inc. now owns 18,976 shares of the asset manager's stock valued at $1,300,000 after buying an additional 147 shares during the period. SkyView Investment Advisors LLC raised its holdings in Moelis & Company by 1.4% in the 2nd quarter. SkyView Investment Advisors LLC now owns 13,866 shares of the asset manager's stock valued at $788,000 after acquiring an additional 188 shares in the last quarter. Bank of Montreal Can lifted its position in shares of Moelis & Company by 2.7% in the 2nd quarter. Bank of Montreal Can now owns 7,181 shares of the asset manager's stock worth $409,000 after acquiring an additional 192 shares during the period. UMB Bank n.a. grew its holdings in shares of Moelis & Company by 63.5% during the 2nd quarter. UMB Bank n.a. now owns 497 shares of the asset manager's stock worth $28,000 after purchasing an additional 193 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC increased its position in shares of Moelis & Company by 3.1% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 6,390 shares of the asset manager's stock valued at $363,000 after purchasing an additional 193 shares during the period. 91.53% of the stock is owned by institutional investors.

Insider Activity at Moelis & Company

In other news, CEO Kenneth Moelis sold 5,308 shares of the business's stock in a transaction on Tuesday, July 30th. The shares were sold at an average price of $68.87, for a total value of $365,561.96. Following the completion of the sale, the chief executive officer now directly owns 86 shares in the company, valued at approximately $5,922.82. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related 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 owns 9,372 shares in the company, valued at $649,385.88. This 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 link. Also, CEO Kenneth Moelis sold 5,308 shares of the firm's stock in a transaction that occurred on Tuesday, July 30th. The shares were sold at an average price of $68.87, for a total value of $365,561.96. Following the completion of the sale, the chief executive officer now directly owns 86 shares in the company, valued at $5,922.82. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 6.40% of the stock is owned by company insiders.

Moelis & Company Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Monday, November 4th will be issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 3.64%. The ex-dividend date of this dividend is Monday, November 4th. Moelis & Company's dividend 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.