Zacks Research Expects Weaker Earnings for Moelis & Company

Moelis & Company (NYSE:MC) – Zacks Research lowered their Q3 2024 EPS estimates for shares of Moelis & Company in a note issued to investors on Wednesday, October 23rd. Zacks Research analyst R. Department now expects that the asset manager will post earnings of $0.20 per share for the quarter, down from their prior forecast of $0.21. The consensus estimate for Moelis & Company’s current full-year earnings is $1.08 per share. Zacks Research also issued estimates for Moelis & Company’s FY2024 earnings at $0.96 EPS, Q4 2025 earnings at $0.70 EPS, FY2025 earnings at $2.41 EPS, Q1 2026 earnings at $0.80 EPS, Q2 2026 earnings at $0.78 EPS and Q3 2026 earnings at $0.94 EPS.

Moelis & Company (NYSE:MC) last announced its quarterly earnings results on Wednesday, July 24th. The asset manager reported $0.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.11 by $0.07. The company had revenue of $264.59 million for the quarter, compared to analysts’ expectations of $227.90 million. Moelis & Company had a net margin of 1.38% and a return on equity of 4.38%. Moelis & Company’s revenue was up 47.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.04) EPS.

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

Moelis & Company Price Performance

Shares of Moelis & Company stock opened at $66.98 on Friday. The stock has a market cap of $5.01 billion, a price-to-earnings ratio of -352.53 and a beta of 1.33. The firm’s 50-day moving average is $67.51 and its 200 day moving average is $60.62. Moelis & Company has a 1 year low of $38.58 and a 1 year high of $72.80.

Moelis & Company Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Monday, November 4th will be given a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 3.58%. The ex-dividend date of this dividend is Monday, November 4th. Moelis & Company’s payout ratio is currently -1,263.16%.

Insider Activity

In other news, Director Kenneth Shropshire sold 495 shares of the company’s stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $69.29, for a total transaction of $34,298.55. Following the completion of the sale, the director now owns 9,372 shares of the company’s stock, valued at $649,385.88. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, CEO Kenneth Moelis sold 5,308 shares of the business’s stock in a transaction that occurred on Tuesday, July 30th. The stock was sold at an average price of $68.87, for a total transaction of $365,561.96. Following the completion of the transaction, the chief executive officer now directly owns 86 shares in the company, valued at approximately $5,922.82. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Kenneth Shropshire sold 495 shares of the business’s stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $69.29, for a total value of $34,298.55. Following the transaction, the director now owns 9,372 shares of the company’s stock, valued at approximately $649,385.88. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 6.40% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in MC. UMB Bank n.a. grew its stake in shares of Moelis & Company by 63.5% during the 2nd quarter. UMB Bank n.a. now owns 497 shares of the asset manager’s stock valued at $28,000 after acquiring an additional 193 shares during the period. Hexagon Capital Partners LLC boosted its stake in Moelis & Company by 147.9% in the 1st quarter. Hexagon Capital Partners LLC now owns 657 shares of the asset manager’s stock worth $37,000 after purchasing an additional 392 shares during the period. Benjamin F. Edwards & Company Inc. boosted its stake in Moelis & Company by 510.2% in the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 836 shares of the asset manager’s stock worth $47,000 after purchasing an additional 699 shares during the period. GAMMA Investing LLC boosted its stake in Moelis & Company by 115.8% in the 3rd quarter. GAMMA Investing LLC now owns 995 shares of the asset manager’s stock worth $68,000 after purchasing an additional 534 shares during the period. Finally, Blue Trust Inc. boosted its stake in Moelis & Company by 193.0% in the 3rd quarter. Blue Trust Inc. now owns 1,081 shares of the asset manager’s stock worth $74,000 after purchasing an additional 712 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.