Moelis & Company (NYSE:MC) Expected to Announce Earnings of $0.82 Per Share

Brokerages predict that Moelis & Company (NYSE:MC) will post earnings per share (EPS) of $0.82 for the current quarter, according to Zacks. Three analysts have made estimates for Moelis & Company’s earnings. The lowest EPS estimate is $0.76 and the highest is $0.91. Moelis & Company reported earnings of $0.54 per share during the same quarter last year, which indicates a positive year over year growth rate of 51.9%. The company is scheduled to issue its next earnings results on Monday, October 25th.

On average, analysts expect that Moelis & Company will report full year earnings of $4.11 per share for the current year, with EPS estimates ranging from $4.00 to $4.30. For the next year, analysts expect that the business will post earnings of $3.76 per share, with EPS estimates ranging from $3.49 to $3.95. Zacks Investment Research’s EPS averages are a mean average based on a survey of research firms that cover Moelis & Company.

Moelis & Company (NYSE:MC) last posted its quarterly earnings results on Tuesday, July 20th. The asset manager reported $1.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.36. The business had revenue of $360.91 million for the quarter, compared to analysts’ expectations of $274.36 million. Moelis & Company had a return on equity of 78.25% and a net margin of 24.34%. The firm’s quarterly revenue was up 125.7% compared to the same quarter last year. During the same quarter last year, the business earned ($0.11) earnings per share.

Several research analysts have recently commented on MC shares. Morgan Stanley lifted their target price on Moelis & Company from $60.00 to $63.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 22nd. Wolfe Research raised Moelis & Company from an “underperform” rating to a “peer perform” rating and set a $63.00 price target for the company in a report on Thursday, June 17th. Finally, Zacks Investment Research cut Moelis & Company from a “buy” rating to a “hold” rating and set a $58.00 target price for the company. in a report on Wednesday, June 9th. Seven analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $55.00.

Large investors have recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in shares of Moelis & Company by 8.0% during the second quarter. Vanguard Group Inc. now owns 5,930,486 shares of the asset manager’s stock worth $337,385,000 after purchasing an additional 438,869 shares in the last quarter. BlackRock Inc. lifted its holdings in shares of Moelis & Company by 3.1% in the 1st quarter. BlackRock Inc. now owns 4,796,648 shares of the asset manager’s stock worth $263,241,000 after acquiring an additional 143,216 shares during the last quarter. Timucuan Asset Management Inc. FL lifted its holdings in shares of Moelis & Company by 1.6% in the 1st quarter. Timucuan Asset Management Inc. FL now owns 2,019,588 shares of the asset manager’s stock worth $110,835,000 after acquiring an additional 31,899 shares during the last quarter. Artisan Partners Limited Partnership lifted its holdings in shares of Moelis & Company by 0.3% in the 2nd quarter. Artisan Partners Limited Partnership now owns 1,796,856 shares of the asset manager’s stock worth $102,223,000 after acquiring an additional 5,932 shares during the last quarter. Finally, Federated Hermes Inc. lifted its holdings in shares of Moelis & Company by 2.0% in the 2nd quarter. Federated Hermes Inc. now owns 1,700,147 shares of the asset manager’s stock worth $96,722,000 after acquiring an additional 32,664 shares during the last quarter. Institutional investors and hedge funds own 84.81% of the company’s stock.

Moelis & Company stock traded down $1.76 during midday trading on Monday, reaching $60.14. The stock had a trading volume of 439,073 shares, compared to its average volume of 415,840. The stock has a market capitalization of $3.96 billion, a P/E ratio of 12.68 and a beta of 1.21. Moelis & Company has a 1-year low of $32.31 and a 1-year high of $63.92. The firm’s fifty day simple moving average is $60.11 and its 200-day simple moving average is $56.62.

The company also recently announced a quarterly dividend, which was paid on Friday, September 17th. Shareholders of record on Monday, August 2nd were paid a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 3.99%. This is an increase from Moelis & Company’s previous quarterly dividend of $0.55. The ex-dividend date of this dividend was Friday, July 30th. Moelis & Company’s dividend payout ratio (DPR) is 82.47%.

About Moelis & Company

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.

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Earnings History and Estimates for Moelis & Company (NYSE:MC)

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