Zacks Research Forecasts Lower Earnings for Moelis & Company

Moelis & Company (NYSE:MC) – Stock analysts at Zacks Research reduced their FY2024 EPS estimates for Moelis & Company in a research report issued on Tuesday, November 12th. Zacks Research analyst R. Department now forecasts that the asset manager will post earnings per share of $0.92 for the year, down from their previous forecast 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 research firms have also issued reports on MC. Wells Fargo & Company assumed coverage on shares of Moelis & Company in a research report on Thursday, September 12th. They issued an “equal weight” rating and a $70.00 price target on the stock. JPMorgan Chase & Co. lifted their target price on Moelis & Company from $50.00 to $51.00 and gave the stock a “neutral” rating in a report on Thursday, July 25th. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $60.00 target price (up from $54.00) on shares of Moelis & Company in a research report on Thursday, July 25th. UBS Group increased their price target on Moelis & Company from $54.00 to $60.00 and gave the company a “sell” rating in a research report on Tuesday, October 8th. Finally, Morgan Stanley cut their price objective on Moelis & Company from $67.00 to $66.00 and set an “underweight” rating on the stock in a report on Thursday, October 24th. Two investment analysts have rated the stock with a sell rating and six have issued a hold rating to the company. According to data from MarketBeat, Moelis & Company has a consensus rating of “Hold” and an average price target of $60.83.

Moelis & Company Price Performance

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

Moelis & Company (NYSE:MC) last posted its quarterly earnings data on Wednesday, October 23rd. The asset manager reported $0.22 EPS for the quarter, topping analysts’ consensus estimates 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 quarter in the previous year, the business earned ($0.15) EPS. The company’s quarterly revenue was up .6% compared to the same quarter last year.

Moelis & Company Announces Dividend

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 issued a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 3.21%. The ex-dividend date is Monday, November 4th. Moelis & Company’s dividend payout ratio is currently 452.83%.

Hedge Funds Weigh In On Moelis & Company

Several institutional investors and hedge funds have recently modified their holdings of MC. MML Investors Services LLC grew its stake in Moelis & Company by 13.6% in the third quarter. MML Investors Services LLC now owns 7,679 shares of the asset manager’s stock valued at $526,000 after purchasing an additional 921 shares in the last quarter. Pier Capital LLC bought a new position in Moelis & Company during the third quarter valued at approximately $8,152,000. Weiss Asset Management LP acquired a new stake in Moelis & Company in the third quarter valued at approximately $1,094,000. Stifel Financial Corp grew its position in Moelis & Company by 2.0% in the third quarter. Stifel Financial Corp now owns 241,772 shares of the asset manager’s stock worth $16,564,000 after acquiring an additional 4,762 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. acquired a new position in shares of Moelis & Company during the 3rd quarter worth $6,970,000. 91.53% of the stock is currently owned by hedge funds and other institutional investors.

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.