Zacks Research Cuts Earnings Estimates for Moelis & Company

Moelis & Company (NYSE:MC) – Research analysts at Zacks Research reduced their FY2024 EPS estimates for Moelis & Company in a research note issued to investors on Tuesday, November 12th. Zacks Research analyst R. Department now expects that the asset manager will post earnings of $0.92 per share for the year, down from their prior estimate of $0.96. The consensus estimate for Moelis & Company’s current full-year earnings is $0.96 per share. Zacks Research also issued estimates for Moelis & Company’s Q4 2024 earnings at $0.30 EPS, Q1 2025 earnings at $0.41 EPS, FY2025 earnings at $2.35 EPS, Q1 2026 earnings at $0.74 EPS, Q2 2026 earnings at $0.76 EPS, Q3 2026 earnings at $0.81 EPS and FY2026 earnings at $3.11 EPS.

Several other equities analysts have also recently commented on MC. Keefe, Bruyette & Woods reiterated a “market perform” rating and set a $60.00 target price (up from $54.00) on shares of Moelis & Company in a research note on Thursday, July 25th. Wells Fargo & Company began coverage on shares of Moelis & Company in a research note on Thursday, September 12th. They issued an “equal weight” rating and a $70.00 target price for the company. JPMorgan Chase & Co. boosted their price target on Moelis & Company from $50.00 to $51.00 and gave the company a “neutral” rating in a research note on Thursday, July 25th. UBS Group raised their price objective on Moelis & Company from $54.00 to $60.00 and gave the stock a “sell” rating in a research report on Tuesday, October 8th. Finally, Morgan Stanley lowered their price objective on Moelis & Company from $67.00 to $66.00 and set an “underweight” rating on the stock in a research report on Thursday, October 24th. Two analysts have rated the stock with a sell rating and six have assigned a hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $60.83.

Moelis & Company Stock Down 2.1 %

Shares of MC stock opened at $74.69 on Thursday. Moelis & Company has a 12 month low of $44.06 and a 12 month high of $81.60. The firm has a market cap of $5.60 billion, a PE ratio of 140.92 and a beta of 1.33. The stock has a 50 day moving average of $69.49 and a 200-day moving average of $62.77.

Moelis & Company (NYSE:MC) last issued its quarterly earnings results on Wednesday, October 23rd. The asset manager reported $0.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.02. Moelis & Company had a return on equity of 12.15% and a net margin of 4.22%. The company had revenue of $273.76 million for the quarter, compared to the consensus estimate of $273.58 million. During the same period last year, the business posted ($0.15) earnings per share. The firm’s revenue was up .6% compared to the same quarter last year.

Moelis & Company Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Monday, November 4th will be given a dividend of $0.60 per share. The ex-dividend date of this dividend is Monday, November 4th. This represents a $2.40 annualized dividend and a yield of 3.21%. Moelis & Company’s dividend payout ratio (DPR) is presently 452.83%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Trust Point Inc. increased its stake in Moelis & Company by 0.8% during the 3rd quarter. Trust Point Inc. now owns 18,976 shares of the asset manager’s stock worth $1,300,000 after acquiring an additional 147 shares during the period. OneDigital Investment Advisors LLC increased its stake in shares of Moelis & Company by 1.3% in the third quarter. OneDigital Investment Advisors LLC now owns 13,812 shares of the asset manager’s stock valued at $946,000 after buying an additional 172 shares during the period. SkyView Investment Advisors LLC lifted its position in shares of Moelis & Company by 1.4% in the 2nd quarter. SkyView Investment Advisors LLC now owns 13,866 shares of the asset manager’s stock worth $788,000 after purchasing an additional 188 shares during the period. Bank of Montreal Can lifted its holdings in Moelis & Company by 2.7% in the second quarter. Bank of Montreal Can now owns 7,181 shares of the asset manager’s stock valued at $409,000 after buying an additional 192 shares during the period. Finally, UMB Bank n.a. lifted its stake in shares of Moelis & Company by 63.5% in the 2nd quarter. UMB Bank n.a. now owns 497 shares of the asset manager’s stock valued at $28,000 after purchasing an additional 193 shares during the period. 91.53% of the stock is currently owned by institutional investors.

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.