Q3 EPS Forecast for Moelis & Company Lowered by Analyst

Moelis & Company (NYSE:MC) – Research analysts at Zacks Research cut their Q3 2024 earnings per share (EPS) estimates for shares of Moelis & Company in a report released on Wednesday, October 23rd. Zacks Research analyst R. Department now forecasts that the asset manager will earn $0.20 per share for the quarter, down from their previous estimate 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.

Other analysts also recently issued reports about the stock. UBS Group boosted their price target on shares of Moelis & Company from $54.00 to $60.00 and gave the stock a “sell” rating in a research note on Tuesday, October 8th. JPMorgan Chase & Co. increased 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. Keefe, Bruyette & Woods reissued a “market perform” rating and set a $60.00 price objective (up previously from $54.00) on shares of Moelis & Company in a research note on Thursday, July 25th. Morgan Stanley decreased their target price on shares of Moelis & Company from $67.00 to $66.00 and set an “underweight” rating on the stock in a research note on Thursday. Finally, Wells Fargo & Company began coverage on shares of Moelis & Company in a research report on Thursday, September 12th. They set an “equal weight” rating and a $70.00 price target for the company. Two equities research analysts have rated the stock with a sell rating and six have issued a hold rating to the company’s stock. Based on data from MarketBeat, Moelis & Company has an average rating of “Hold” and a consensus price target of $60.83.

Moelis & Company Stock Performance

Shares of Moelis & Company stock opened at $65.89 on Friday. Moelis & Company has a 52-week low of $39.08 and a 52-week high of $72.80. The company has a fifty day moving average of $67.53 and a 200-day moving average of $60.71. The stock has a market capitalization of $4.93 billion, a price-to-earnings ratio of 439.27 and a beta of 1.33.

Moelis & Company (NYSE:MC) last issued its earnings results on Wednesday, October 23rd. The asset manager reported $0.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.02. The business had revenue of $273.76 million during the quarter, compared to analyst estimates of $273.58 million. Moelis & Company had a return on equity of 4.38% and a net margin of 1.38%. Moelis & Company’s revenue for the quarter was up .6% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.15) earnings per share.

Moelis & Company Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 2nd. Shareholders of record on Monday, November 4th will be issued a $0.60 dividend. The ex-dividend date of this dividend is Monday, November 4th. This represents a $2.40 annualized dividend and a yield of 3.64%. Moelis & Company’s dividend payout ratio (DPR) is presently 1,600.00%.

Insider Transactions at Moelis & Company

In related news, CEO Kenneth Moelis sold 5,308 shares of the business’s stock in a transaction dated Tuesday, July 30th. The shares were sold at an average price of $68.87, for a total transaction of $365,561.96. Following the transaction, the chief executive officer now owns 86 shares in the company, valued at $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 is available through this hyperlink. In other 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 value of $34,298.55. Following the sale, the director now directly owns 9,372 shares of the company’s stock, valued at $649,385.88. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Kenneth Moelis sold 5,308 shares of the stock in a transaction dated Tuesday, July 30th. The stock was sold at an average price of $68.87, for a total transaction of $365,561.96. Following the completion of the transaction, the chief executive officer now owns 86 shares of the company’s stock, 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. Corporate insiders own 6.40% of the company’s stock.

Institutional Investors Weigh In On Moelis & Company

Several hedge funds have recently bought and sold shares of the business. UMB Bank n.a. increased its stake in shares of Moelis & Company by 63.5% during the second quarter. UMB Bank n.a. now owns 497 shares of the asset manager’s stock valued at $28,000 after purchasing an additional 193 shares in the last quarter. Hexagon Capital Partners LLC boosted its stake in 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 purchasing an additional 392 shares during the last quarter. Benjamin F. Edwards & Company Inc. lifted its holdings in shares of Moelis & Company by 510.2% during the first quarter. Benjamin F. Edwards & Company Inc. now owns 836 shares of the asset manager’s stock valued at $47,000 after purchasing an additional 699 shares in the last quarter. GAMMA Investing LLC boosted its holdings in shares of Moelis & Company by 115.8% during the 3rd quarter. GAMMA Investing LLC now owns 995 shares of the asset manager’s stock valued at $68,000 after acquiring an additional 534 shares during the last quarter. Finally, Blue Trust Inc. boosted its holdings in Moelis & Company by 193.0% in the third quarter. Blue Trust Inc. now owns 1,081 shares of the asset manager’s stock worth $74,000 after purchasing an additional 712 shares during the last quarter. Institutional investors own 91.53% of the company’s stock.

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.