What is Seaport Res Ptn’s Forecast for MC FY2024 Earnings?

Moelis & Company (NYSE:MC) – Research analysts at Seaport Res Ptn boosted their FY2024 EPS estimates for shares of Moelis & Company in a research note issued on Monday, January 13th. Seaport Res Ptn analyst J. Mitchell now anticipates that the asset manager will post earnings per share of $1.06 for the year, up from their prior estimate of $1.02. The consensus estimate for Moelis & Company’s current full-year earnings is $0.96 per share. Seaport Res Ptn also issued estimates for Moelis & Company’s Q4 2024 earnings at $0.44 EPS, Q2 2025 earnings at $0.44 EPS, Q3 2025 earnings at $0.68 EPS and Q4 2025 earnings at $0.90 EPS.

Other equities analysts also recently issued reports about the company. Morgan Stanley upgraded Moelis & Company from an “underweight” rating to an “overweight” rating and boosted their price objective for the stock from $66.00 to $92.00 in a research report on Monday, December 9th. Keefe, Bruyette & Woods upgraded Moelis & Company from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from $71.00 to $86.00 in a research report on Friday, December 20th. Wells Fargo & Company raised their price target on Moelis & Company from $70.00 to $78.00 and gave the company an “equal weight” rating in a report on Thursday, December 12th. Finally, UBS Group upped their price objective on shares of Moelis & Company from $54.00 to $60.00 and gave the stock a “sell” rating in a report on Tuesday, October 8th. One research analyst has rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $70.83.

Moelis & Company Stock Down 1.1 %

Moelis & Company stock opened at $70.62 on Tuesday. Moelis & Company has a 52-week low of $46.24 and a 52-week high of $81.60. The firm has a market capitalization of $5.29 billion, a price-to-earnings ratio of 133.25 and a beta of 1.39. The firm has a 50-day moving average price of $74.81 and a two-hundred day moving average price of $68.72.

Moelis & Company (NYSE:MC) last announced 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. The company had revenue of $273.76 million during the quarter, compared to the consensus estimate of $273.58 million. Moelis & Company had a net margin of 4.22% and a return on equity of 12.15%. During the same quarter in the previous year, the company posted ($0.15) earnings per share. The company’s revenue for the quarter was up .6% compared to the same quarter last year.

Institutional Investors Weigh In On Moelis & Company

Hedge funds and other institutional investors have recently bought and sold shares of the business. Sei Investments Co. boosted its stake in shares of Moelis & Company by 18.2% during the 2nd quarter. Sei Investments Co. now owns 305,871 shares of the asset manager’s stock worth $17,392,000 after acquiring an additional 47,176 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in shares of Moelis & Company during the third quarter valued at $3,433,000. XTX Topco Ltd boosted its position in shares of Moelis & Company by 274.4% in the 2nd quarter. XTX Topco Ltd now owns 16,524 shares of the asset manager’s stock valued at $940,000 after purchasing an additional 12,110 shares during the period. Natixis Advisors LLC increased its stake in Moelis & Company by 13.7% in the 3rd quarter. Natixis Advisors LLC now owns 804,860 shares of the asset manager’s stock worth $55,141,000 after purchasing an additional 96,720 shares in the last quarter. Finally, Cerity Partners LLC raised its holdings in Moelis & Company by 129.8% during the 3rd quarter. Cerity Partners LLC now owns 13,845 shares of the asset manager’s stock worth $949,000 after buying an additional 7,819 shares during the period. 91.53% of the stock is currently owned by institutional investors.

Moelis & Company Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Monday, November 4th were issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 3.40%. The ex-dividend date of this dividend was Monday, November 4th. Moelis & Company’s payout ratio is currently 452.83%.

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.