Moelis & Company (NYSE:MC) Posts Earnings Results, Beats Estimates By $0.79 EPS

Moelis & Company (NYSE:MC) announced its quarterly earnings results on Wednesday. The asset manager reported $1.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.79, Zacks reports. Moelis & Company had a net margin of 4.22% and a return on equity of 12.15%.

Moelis & Company Trading Up 1.2 %

NYSE MC traded up $0.93 during trading on Thursday, hitting $80.61. 758,286 shares of the company’s stock were exchanged, compared to its average volume of 716,883. The stock’s 50 day moving average price is $75.40 and its two-hundred day moving average price is $70.67. The company has a market cap of $6.04 billion, a PE ratio of 151.66 and a beta of 1.40. Moelis & Company has a fifty-two week low of $46.24 and a fifty-two week high of $82.89.

Wall Street Analysts Forecast Growth

MC has been the subject of a number of recent research reports. Morgan Stanley upped their price target on Moelis & Company from $95.00 to $100.00 and gave the stock an “overweight” rating in a research report on Thursday. JMP Securities reissued a “market perform” rating on shares of Moelis & Company in a report on Thursday. Wells Fargo & Company raised their price target on Moelis & Company from $77.00 to $83.00 and gave the company an “equal weight” rating in a report on Thursday. Finally, Keefe, Bruyette & Woods restated an “outperform” rating and set a $92.00 target price (up previously from $86.00) on shares of Moelis & Company in a research note on Thursday. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Moelis & Company presently has an average rating of “Hold” and an average target price of $74.00.

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.