Zacks Research Forecasts Lower Earnings for Moelis & Company

Moelis & Company (NYSE:MC) – Equities researchers at Zacks Research lowered their Q4 2024 EPS estimates for Moelis & Company in a report issued on Wednesday, October 23rd. Zacks Research analyst R. Department now anticipates that the asset manager will post earnings per share of $0.36 for the quarter, down from their prior estimate of $0.43. The consensus estimate for Moelis & Company’s current full-year earnings is $1.08 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.

Moelis & Company (NYSE:MC) last announced its quarterly earnings data on Wednesday, July 24th. The asset manager reported $0.18 EPS for the quarter, beating analysts’ consensus estimates of $0.11 by $0.07. Moelis & Company had a return on equity of 4.38% and a net margin of 1.38%. The business had revenue of $264.59 million during the quarter, compared to the consensus estimate of $227.90 million. During the same quarter in the previous year, the business earned ($0.04) earnings per share. The business’s revenue for the quarter was up 47.1% on a year-over-year basis.

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

Moelis & Company Trading Down 1.8 %

NYSE MC opened at $66.98 on Thursday. The company has a market capitalization of $5.01 billion, a PE ratio of -352.53 and a beta of 1.33. The business’s 50-day moving average price is $67.51 and its 200 day moving average price is $60.62. Moelis & Company has a twelve month low of $38.58 and a twelve month high of $72.80.

Institutional Trading of Moelis & Company

Hedge funds have recently made changes to their positions in the stock. UMB Bank n.a. increased its holdings in Moelis & Company by 63.5% in the second 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 last quarter. Hexagon Capital Partners LLC raised its position in shares of Moelis & Company by 147.9% during the 1st quarter. Hexagon Capital Partners LLC now owns 657 shares of the asset manager’s stock valued at $37,000 after acquiring an additional 392 shares in the last quarter. Benjamin F. Edwards & Company Inc. lifted its stake in Moelis & Company by 510.2% during the first quarter. Benjamin F. Edwards & Company Inc. now owns 836 shares of the asset manager’s stock worth $47,000 after purchasing an additional 699 shares during the last quarter. GAMMA Investing LLC boosted its holdings in Moelis & Company by 115.8% in the third quarter. GAMMA Investing LLC now owns 995 shares of the asset manager’s stock worth $68,000 after purchasing an additional 534 shares during the period. Finally, Blue Trust Inc. increased its stake in Moelis & Company by 193.0% during the third 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 during the last quarter. Institutional investors and hedge funds own 91.53% of the company’s stock.

Insider Buying and Selling

In other Moelis & Company news, Director Kenneth Shropshire sold 495 shares of the stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $69.29, for a total value 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 trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing 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 business’s stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $69.29, for a total value of $34,298.55. Following the transaction, the director now owns 9,372 shares in the company, valued at $649,385.88. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Kenneth Moelis sold 5,308 shares of Moelis & Company stock in a transaction dated Tuesday, July 30th. The stock was sold at an average price of $68.87, for a total value of $365,561.96. Following 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 disclosure for this sale can be found here. 6.40% of the stock is currently owned by corporate insiders.

Moelis & Company Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Monday, November 4th will be issued a dividend of $0.60 per share. The ex-dividend date is Monday, November 4th. This represents a $2.40 annualized dividend and a dividend yield of 3.58%. Moelis & Company’s payout ratio is currently -1,263.16%.

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.