Moelis & Co (NYSE:MC) announced its earnings results on Wednesday. The asset manager reported $0.52 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.42 by $0.10, Briefing.com reports. The company had revenue of $169.17 million during the quarter, compared to analyst estimates of $160.22 million. Moelis & Co had a net margin of 9.62% and a return on equity of 52.76%. Moelis & Co’s revenue was down 17.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.66 earnings per share.

Moelis & Co (NYSE MC) traded up $2.25 during midday trading on Thursday, hitting $52.00. 369,702 shares of the stock traded hands, compared to its average volume of 236,272. Moelis & Co has a twelve month low of $34.60 and a twelve month high of $52.55. The stock has a market capitalization of $2,640.62, a price-to-earnings ratio of 24.76, a price-to-earnings-growth ratio of 1.31 and a beta of 1.85.

Several brokerages have weighed in on MC. Bank of America increased their target price on shares of Moelis & Co from $53.00 to $55.00 and gave the stock a “buy” rating in a research note on Thursday. ValuEngine raised shares of Moelis & Co from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Zacks Investment Research lowered shares of Moelis & Co from a “buy” rating to a “hold” rating in a research note on Friday, January 5th. UBS Group increased their target price on shares of Moelis & Co from $42.00 to $45.00 and gave the stock a “neutral” rating in a research note on Thursday, October 26th. Finally, JMP Securities raised their price objective on shares of Moelis & Co from $44.00 to $47.00 and gave the company a “market outperform” rating in a research note on Thursday, October 26th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $48.33.

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About Moelis & Co

Moelis & Company is an investment banking advisory company. The Company provides strategic and financial advice to a client base, including corporations, governments and financial sponsors. The Company offers financial advisory services across various industry sectors. It advices its clients on decisions, including mergers and acquisitions (M&A), recapitalizations and restructurings, and other corporate finance matters.

Earnings History for Moelis & Co (NYSE:MC)

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