Moelis & Company (MC) to Release Earnings on Wednesday

Moelis & Company (NYSE:MC) is projected to issue its quarterly earnings data after the market closes on Wednesday, February 5th. Analysts expect the company to announce earnings of $0.39 per share and revenue of $348.79 million for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

Moelis & Company Stock Performance

MC stock opened at $77.57 on Tuesday. The company has a market cap of $5.81 billion, a price-to-earnings ratio of 146.36 and a beta of 1.40. The business’s 50-day moving average is $75.30 and its two-hundred day moving average is $70.51. Moelis & Company has a fifty-two week low of $46.24 and a fifty-two week high of $81.60.

Analyst Ratings Changes

MC has been the topic of a number of research reports. Keefe, Bruyette & Woods raised shares of Moelis & Company from a “market perform” rating to an “outperform” rating and raised their price objective for the stock from $71.00 to $86.00 in a report on Friday, December 20th. Wells Fargo & Company decreased their price target on shares of Moelis & Company from $78.00 to $77.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 14th. UBS Group boosted their price objective on shares of Moelis & Company from $54.00 to $60.00 and gave the company a “sell” rating in a research report on Tuesday, October 8th. Finally, Morgan Stanley raised Moelis & Company from an “underweight” rating to an “overweight” rating and raised their target price for the stock from $66.00 to $92.00 in a report on Monday, December 9th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $70.67.

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.