Moelis & Company (MC) Set to Announce Earnings on Wednesday

Moelis & Company (NYSE:MC) is scheduled to post its quarterly earnings results after the market closes on Wednesday, April 24th. Analysts expect Moelis & Company to post earnings of $0.05 per share for the quarter. Individual interested in registering for the company’s earnings conference call can do so using this link.

Moelis & Company (NYSE:MC) last announced its quarterly earnings results on Wednesday, February 7th. The asset manager reported ($0.06) EPS for the quarter, topping analysts’ consensus estimates of ($0.11) by $0.05. Moelis & Company had a negative net margin of 2.89% and a negative return on equity of 3.82%. The firm had revenue of $214.90 million during the quarter, compared to analysts’ expectations of $197.98 million. During the same quarter last year, the company earned $0.33 earnings per share. The company’s revenue for the quarter was up 3.7% compared to the same quarter last year. On average, analysts expect Moelis & Company to post $1 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Moelis & Company Trading Up 1.3 %

Shares of MC opened at $51.65 on Monday. The stock has a market cap of $3.68 billion, a PE ratio of -143.47 and a beta of 1.35. Moelis & Company has a 1 year low of $33.87 and a 1 year high of $58.67. The stock has a 50 day simple moving average of $54.35 and a 200-day simple moving average of $51.30.

Moelis & Company Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Tuesday, February 20th were issued a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 4.65%. The ex-dividend date of this dividend was Friday, February 16th. Moelis & Company’s payout ratio is -666.67%.

Insider Buying and Selling

In other Moelis & Company news, insider Christopher Callesano sold 1,040 shares of the business’s stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $53.59, for a total value of $55,733.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Moelis & Company news, CFO Joseph Simon sold 8,573 shares of the business’s stock in a transaction dated Thursday, February 29th. The stock was sold at an average price of $54.13, for a total value of $464,056.49. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Christopher Callesano sold 1,040 shares of the business’s stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $53.59, for a total value of $55,733.60. The disclosure for this sale can be found here. Insiders sold a total of 375,185 shares of company stock valued at $20,130,225 over the last three months. Company insiders own 6.96% of the company’s stock.

Institutional Trading of Moelis & Company

A number of institutional investors have recently modified their holdings of MC. Advisor Group Holdings Inc. lifted its holdings in shares of Moelis & Company by 12.7% in the first quarter. Advisor Group Holdings Inc. now owns 13,269 shares of the asset manager’s stock valued at $438,000 after purchasing an additional 1,498 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Moelis & Company by 3.2% in the first quarter. Bank of New York Mellon Corp now owns 556,181 shares of the asset manager’s stock valued at $26,113,000 after purchasing an additional 17,074 shares in the last quarter. US Bancorp DE lifted its holdings in shares of Moelis & Company by 9.1% in the first quarter. US Bancorp DE now owns 7,401 shares of the asset manager’s stock valued at $348,000 after purchasing an additional 620 shares in the last quarter. Cambridge Investment Research Advisors Inc. raised its holdings in Moelis & Company by 95.5% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 7,478 shares of the asset manager’s stock worth $351,000 after acquiring an additional 3,653 shares in the last quarter. Finally, Cetera Advisor Networks LLC raised its holdings in Moelis & Company by 15.0% during the first quarter. Cetera Advisor Networks LLC now owns 6,366 shares of the asset manager’s stock worth $299,000 after acquiring an additional 828 shares in the last quarter. 91.53% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages recently issued reports on MC. Keefe, Bruyette & Woods reiterated a “market perform” rating and set a $56.00 price target on shares of Moelis & Company in a research report on Monday, January 29th. JPMorgan Chase & Co. raised their price target on shares of Moelis & Company from $46.00 to $57.00 and gave the company a “neutral” rating in a report on Thursday, February 8th. StockNews.com raised Moelis & Company from a “sell” rating to a “hold” rating in a report on Thursday, February 8th. UBS Group lowered their target price on Moelis & Company from $46.00 to $45.00 and set a “sell” rating for the company in a research note on Tuesday, March 26th. Finally, The Goldman Sachs Group upgraded Moelis & Company from a “sell” rating to a “neutral” rating and boosted their target price for the stock from $53.00 to $58.00 in a research report on Wednesday, March 13th. Two equities research analysts have rated the stock with a sell rating and five have issued a hold rating to the company. According to data from MarketBeat, Moelis & Company has a consensus rating of “Hold” and a consensus target price of $50.80.

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.