Zacks Research Has Pessimistic Outlook of MC FY2024 Earnings

Moelis & Company (NYSE:MC) – Stock analysts at Zacks Research reduced their FY2024 earnings per share estimates for Moelis & Company in a research report issued on Tuesday, November 12th. Zacks Research analyst R. Department now anticipates that the asset manager will post earnings per share of $0.92 for the year, down from their previous estimate of $0.96. The consensus estimate for Moelis & Company’s current full-year earnings is $0.97 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.

Moelis & Company (NYSE:MC) last released its earnings results on Wednesday, October 23rd. The asset manager reported $0.22 earnings per share 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 firm had revenue of $273.76 million for the quarter, compared to the consensus estimate of $273.58 million. During the same quarter in the previous year, the company posted ($0.15) EPS. The company’s revenue for the quarter was up .6% compared to the same quarter last year.

Several other equities analysts also recently commented on the company. 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 price objective on the stock. Keefe, Bruyette & Woods reiterated a “market perform” rating and set a $60.00 price objective (up previously from $54.00) on shares of Moelis & Company in a report on Thursday, July 25th. Morgan Stanley dropped their target price on shares of Moelis & Company from $67.00 to $66.00 and set an “underweight” rating on the stock in a research note on Thursday, October 24th. UBS Group lifted their price target on shares of Moelis & Company from $54.00 to $60.00 and gave the company a “sell” rating in a research note on Tuesday, October 8th. Finally, 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 report on Thursday, July 25th. Two investment analysts have rated the stock with a sell rating and six have given a hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $60.83.

Moelis & Company Stock Performance

MC opened at $75.30 on Thursday. The stock’s 50 day moving average price is $69.04 and its 200-day moving average price is $62.50. Moelis & Company has a one year low of $42.58 and a one year high of $81.60. The stock has a market cap of $5.64 billion, a price-to-earnings ratio of 142.08 and a beta of 1.33.

Moelis & Company Dividend Announcement

The business also recently disclosed 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. This represents a $2.40 dividend on an annualized basis and a yield of 3.19%. The ex-dividend date is Monday, November 4th. Moelis & Company’s payout ratio is currently 452.83%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of MC. Swiss National Bank raised its stake in Moelis & Company by 0.3% in the first quarter. Swiss National Bank now owns 131,600 shares of the asset manager’s stock valued at $7,471,000 after buying an additional 400 shares during the last quarter. Sei Investments Co. boosted its stake in Moelis & Company by 25.0% in the 1st quarter. Sei Investments Co. now owns 258,695 shares of the asset manager’s stock worth $14,686,000 after purchasing an additional 51,690 shares in the last quarter. ProShare Advisors LLC grew its position in Moelis & Company by 7.4% during the 1st quarter. ProShare Advisors LLC now owns 13,469 shares of the asset manager’s stock worth $765,000 after purchasing an additional 926 shares during the last quarter. Entropy Technologies LP increased its stake in Moelis & Company by 7.8% during the 1st quarter. Entropy Technologies LP now owns 5,492 shares of the asset manager’s stock valued at $312,000 after purchasing an additional 397 shares in the last quarter. Finally, First Eagle Investment Management LLC raised its holdings in shares of Moelis & Company by 8.9% in the first quarter. First Eagle Investment Management LLC now owns 105,651 shares of the asset manager’s stock worth $5,998,000 after buying an additional 8,600 shares during the last quarter. Hedge funds and other institutional investors own 91.53% of the company’s stock.

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.