Moelis & Co (NYSE:MC) is set to issue its quarterly earnings data after the market closes on Wednesday, October 30th. Analysts expect the company to announce earnings of $0.51 per share for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.
Moelis & Co (NYSE:MC) last released its quarterly earnings results on Tuesday, July 30th. The asset manager reported $0.56 EPS for the quarter, topping analysts’ consensus estimates of $0.34 by $0.22. Moelis & Co had a net margin of 15.56% and a return on equity of 46.30%. The business had revenue of $153.50 million for the quarter, compared to analyst estimates of $153.84 million. During the same period last year, the firm earned $0.78 earnings per share. Moelis & Co’s revenue for the quarter was down 30.4% compared to the same quarter last year. On average, analysts expect Moelis & Co to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.
NYSE:MC opened at $32.00 on Wednesday. Moelis & Co has a 52 week low of $29.56 and a 52 week high of $48.69. The firm has a market cap of $1.95 billion, a price-to-earnings ratio of 14.73 and a beta of 1.98. The firm’s 50-day simple moving average is $32.66 and its 200 day simple moving average is $34.51. The company has a debt-to-equity ratio of 0.17, a quick ratio of 7.18 and a current ratio of 7.18.
In other Moelis & Co news, CFO Joseph Simon sold 17,528 shares of the stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $33.64, for a total transaction of $589,641.92. Following the sale, the chief financial officer now directly owns 43,374 shares in the company, valued at $1,459,101.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 19.67% of the company’s stock.
A number of research firms recently commented on MC. Morgan Stanley lowered their price target on shares of Moelis & Co from $41.00 to $39.00 and set an “equal weight” rating on the stock in a research report on Tuesday, October 8th. ValuEngine raised shares of Moelis & Co from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. Zacks Investment Research lowered shares of Moelis & Co from a “hold” rating to a “sell” rating and set a $38.00 price target on the stock. in a research report on Monday, August 5th. Buckingham Research lowered their price target on shares of Moelis & Co from $44.00 to $39.00 and set a “buy” rating on the stock in a research report on Wednesday, October 9th. Finally, Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $39.00 price target (down from $42.00) on shares of Moelis & Co in a research report on Wednesday, July 31st. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company. Moelis & Co presently has an average rating of “Hold” and a consensus price target of $44.63.
Moelis & Co Company Profile
Moelis & Company, an investment bank, provides strategic and financial advisory services in the United States and internationally. It advises clients in the areas of mergers and acquisitions, recapitalizations and restructurings, capital markets advisory, and other corporate finance matters. The company offers its services to public multinational corporations, governments, financial sponsors, middle market private companies, and individual entrepreneurs.
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