FY2023 Earnings Estimate for Moelis & Company (NYSE:MC) Issued By Zacks Research

Posted by Defense World Staff on Sep 11th, 2023

Moelis & Company (NYSE:MC – Free Report) – Analysts at Zacks Research issued their FY2023 earnings estimates for Moelis & Company in a research report issued to clients and investors on Wednesday, September 6th. Zacks Research analyst R. Fatarpekar expects that the asset manager will earn $0.31 per share for the year. The consensus estimate for Moelis & Company’s current full-year earnings is $0.28 per share. Zacks Research also issued estimates for Moelis & Company’s Q1 2025 earnings at $0.81 EPS.

Moelis & Company (NYSE:MC – Get Free Report) last posted its earnings results on Wednesday, July 26th. The asset manager reported ($0.04) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.02). The business had revenue of $179.87 million for the quarter, compared to analyst estimates of $187.72 million. Moelis & Company had a return on equity of 12.45% and a net margin of 4.62%. The company’s quarterly revenue was down 25.8% compared to the same quarter last year. During the same period in the previous year, the company earned $0.57 earnings per share.

Several other equities research analysts also recently issued reports on MC. TheStreet downgraded Moelis & Company from a “b-” rating to a “c” rating in a research report on Tuesday, May 30th. StockNews.com assumed coverage on shares of Moelis & Company in a research note on Thursday, August 17th. They issued a “hold” rating for the company. Four equities research analysts have rated the stock with a sell rating and two have assigned a hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and a consensus price target of $35.60.

View Our Latest Stock Analysis on MC

Moelis & Company Stock Performance

Shares of NYSE:MC opened at $46.90 on Monday. The company has a market cap of $3.33 billion, a P/E ratio of 88.49 and a beta of 1.48. The stock’s 50-day moving average is $47.31 and its 200-day moving average is $42.56. Moelis & Company has a 52-week low of $33.12 and a 52-week high of $52.50.

Institutional Investors Weigh In On Moelis & Company

Institutional investors have recently added to or reduced their stakes in the stock. Kayne Anderson Rudnick Investment Management LLC boosted its holdings in shares of Moelis & Company by 3.1% in the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 7,229,918 shares of the asset manager’s stock worth $327,804,000 after acquiring an additional 219,329 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of Moelis & Company by 3.5% in the 1st quarter. Vanguard Group Inc. now owns 6,645,142 shares of the asset manager’s stock worth $311,989,000 after acquiring an additional 225,659 shares in the last quarter. BlackRock Inc. boosted its holdings in shares of Moelis & Company by 16.2% in the 2nd quarter. BlackRock Inc. now owns 6,239,113 shares of the asset manager’s stock worth $282,881,000 after acquiring an additional 870,362 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of Moelis & Company by 1,654.6% in the 2nd quarter. Goldman Sachs Group Inc. now owns 4,807,979 shares of the asset manager’s stock worth $217,994,000 after acquiring an additional 4,533,955 shares in the last quarter. Finally, Wasatch Advisors LP boosted its holdings in shares of Moelis & Company by 15.7% in the 1st quarter. Wasatch Advisors LP now owns 4,536,937 shares of the asset manager’s stock worth $174,400,000 after acquiring an additional 614,890 shares in the last quarter. 91.53% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Moelis & Company

In other Moelis & Company news, Director Kenneth Shropshire sold 1,417 shares of the firm’s stock in a transaction dated Thursday, August 10th. The shares were sold at an average price of $48.09, for a total transaction of $68,143.53. Following the completion of the transaction, the director now owns 7,157 shares in the company, valued at $344,180.13. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Moelis & Company news, COO Elizabeth Crain sold 5,588 shares of Moelis & Company stock in a transaction that occurred on Wednesday, August 2nd. The stock was sold at an average price of $48.06, for a total transaction of $268,559.28. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Kenneth Shropshire sold 1,417 shares of Moelis & Company stock in a transaction that occurred on Thursday, August 10th. The shares were sold at an average price of $48.09, for a total value of $68,143.53. Following the sale, the director now directly owns 7,157 shares in the company, valued at $344,180.13. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 12,593 shares of company stock worth $605,486. Company insiders own 6.96% of the company’s stock.

Moelis & Company Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 22nd. Investors of record on Monday, August 7th will be paid a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 5.12%. The ex-dividend date of this dividend is Friday, August 4th. Moelis & Company’s payout ratio is presently 452.84%.

Moelis & Company Company Profile

(Get Free Report)

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. The company offers its services to public multinational corporations, middle market private companies, financial sponsors, entrepreneurs, governments, and sovereign wealth funds.