Moelis & Company (MC) Scheduled to Post Quarterly Earnings on Wednesday

Moelis & Company (NYSE:MC) will be issuing its quarterly earnings data after the market closes on Wednesday, July 24th. Analysts expect the company to announce earnings of $0.13 per share for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.

Moelis & Company (NYSE:MC) last announced its earnings results on Wednesday, April 24th. The asset manager reported $0.22 EPS for the quarter, topping the consensus estimate of $0.11 by $0.11. Moelis & Company had a negative net margin of 1.33% and a negative return on equity of 0.12%. The company had revenue of $217.49 million for the quarter, compared to analysts’ expectations of $219.30 million. During the same period last year, the firm earned $0.05 earnings per share. The business’s revenue for the quarter was up 17.4% on a year-over-year basis. 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 Stock Up 0.8 %

Shares of MC opened at $64.83 on Tuesday. Moelis & Company has a 12 month low of $38.58 and a 12 month high of $68.50. The firm’s 50 day moving average is $56.69 and its 200-day moving average is $55.01.

Moelis & Company Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, June 20th. Stockholders of record on Monday, May 6th were issued a dividend of $0.60 per share. The ex-dividend date was Friday, May 3rd. This represents a $2.40 annualized dividend and a dividend yield of 3.70%. Moelis & Company’s dividend payout ratio is presently -1,263.16%.

Insider Buying and Selling at Moelis & Company

In other Moelis & Company news, insider Navid Mahmoodzadegan sold 44,980 shares of Moelis & Company stock in a transaction on Monday, May 13th. The shares were sold at an average price of $54.92, for a total value of $2,470,301.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider Navid Mahmoodzadegan sold 44,980 shares of Moelis & Company stock in a transaction dated Monday, May 13th. The shares were sold at an average price of $54.92, for a total transaction of $2,470,301.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Kenneth Moelis sold 40,000 shares of Moelis & Company stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $53.98, for a total transaction of $2,159,200.00. Following the transaction, the chief executive officer now owns 42,441 shares of the company’s stock, valued at $2,290,965.18. The disclosure for this sale can be found here. Insiders own 6.40% of the company’s stock.

Analyst Ratings Changes

MC has been the topic of several analyst reports. UBS Group increased their price target on shares of Moelis & Company from $47.00 to $50.00 and gave the stock a “sell” rating in a research report on Tuesday, July 9th. JPMorgan Chase & Co. cut their price target on shares of Moelis & Company from $54.00 to $50.00 and set a “neutral” rating on the stock in a report on Thursday, July 11th. Keefe, Bruyette & Woods reiterated a “market perform” rating and set a $54.00 price target (down previously from $58.00) on shares of Moelis & Company in a report on Thursday, April 25th. Finally, JMP Securities reissued a “market perform” rating on shares of Moelis & Company in a research note on Tuesday, April 9th. Two investment analysts have rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $50.00.

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.