Q2 2024 EPS Estimates for Moelis & Company Decreased by Analyst (NYSE:MC)

Moelis & Company (NYSE:MC) – Equities researchers at Zacks Research dropped their Q2 2024 earnings per share (EPS) estimates for shares of Moelis & Company in a research report issued to clients and investors on Friday, April 19th. Zacks Research analyst R. Department now forecasts that the asset manager will post earnings per share of $0.13 for the quarter, down from their prior forecast of $0.16. The consensus estimate for Moelis & Company’s current full-year earnings is $1.47 per share. Zacks Research also issued estimates for Moelis & Company’s Q3 2024 earnings at $0.33 EPS, FY2024 earnings at $1.24 EPS, Q2 2025 earnings at $0.66 EPS, Q1 2026 earnings at $0.70 EPS and FY2026 earnings at $4.01 EPS.

Several other equities analysts also recently commented on the company. JMP Securities restated a “market perform” rating on shares of Moelis & Company in a research report on Tuesday, April 9th. StockNews.com upgraded Moelis & Company from a “sell” rating to a “hold” rating in a research report on Thursday, February 8th. Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $56.00 target price on shares of Moelis & Company in a research note on Monday, January 29th. JPMorgan Chase & Co. lifted their target price on Moelis & Company from $46.00 to $57.00 and gave the company a “neutral” rating in a research note on Thursday, February 8th. Finally, 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. Two equities research analysts have rated the stock with a sell rating and five have given a hold rating to the company. Based on data from MarketBeat.com, Moelis & Company currently has an average rating of “Hold” and an average target price of $50.80.

Moelis & Company Stock Up 2.6 %

MC opened at $54.60 on Monday. Moelis & Company has a 12-month low of $33.87 and a 12-month high of $58.67. The firm has a market capitalization of $3.89 billion, a P/E ratio of -151.67 and a beta of 1.35. The stock’s 50 day moving average price is $54.32 and its two-hundred day moving average price is $51.49.

Moelis & Company (NYSE:MC) last issued its quarterly earnings data on Wednesday, February 7th. The asset manager reported ($0.06) EPS for the quarter, beating analysts’ consensus estimates of ($0.11) by $0.05. The business had revenue of $214.90 million for the quarter, compared to analyst estimates of $197.98 million. Moelis & Company had a negative return on equity of 3.82% and a negative net margin of 2.89%. The firm’s revenue for the quarter was up 3.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.33 EPS.

Institutional Investors Weigh In On Moelis & Company

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Mutual of America Capital Management LLC raised its position in Moelis & Company by 26.8% during the 4th quarter. Mutual of America Capital Management LLC now owns 96,568 shares of the asset manager’s stock worth $5,420,000 after purchasing an additional 20,413 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in Moelis & Company by 5.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 792,729 shares of the asset manager’s stock worth $35,776,000 after purchasing an additional 42,424 shares during the last quarter. Teza Capital Management LLC raised its position in Moelis & Company by 75.7% during the 3rd quarter. Teza Capital Management LLC now owns 32,538 shares of the asset manager’s stock worth $1,468,000 after purchasing an additional 14,016 shares during the last quarter. HighTower Advisors LLC raised its position in Moelis & Company by 3.2% during the 3rd quarter. HighTower Advisors LLC now owns 1,111,200 shares of the asset manager’s stock worth $50,144,000 after purchasing an additional 34,740 shares during the last quarter. Finally, Vanguard Group Inc. raised its position in Moelis & Company by 0.4% during the 3rd quarter. Vanguard Group Inc. now owns 7,787,483 shares of the asset manager’s stock worth $351,449,000 after purchasing an additional 28,446 shares during the last quarter. 91.53% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Moelis & Company

In other news, CEO Kenneth Moelis sold 128,277 shares of the company’s stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $52.60, for a total value of $6,747,370.20. Following the transaction, the chief executive officer now owns 161,810 shares of the company’s stock, valued at $8,511,206. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO Kenneth Moelis sold 128,277 shares of the stock in a transaction that occurred on Wednesday, February 21st. The stock was sold at an average price of $52.60, for a total transaction of $6,747,370.20. Following the sale, the chief executive officer now owns 161,810 shares of the company’s stock, valued at $8,511,206. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Christopher Callesano sold 1,040 shares of the stock in a transaction that occurred on Thursday, February 8th. The stock was 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 have sold 375,185 shares of company stock worth $20,130,225 over the last 90 days. Company insiders own 6.96% of the company’s stock.

Moelis & Company Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Tuesday, February 20th were paid a $0.60 dividend. The ex-dividend date was Friday, February 16th. This represents a $2.40 annualized dividend and a yield of 4.40%. Moelis & Company’s dividend payout ratio is -666.67%.

Moelis & Company Company Profile

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.