Moelis & Company (MC) To Go Ex-Dividend on May 11th

Moelis & Company (NYSE:MC) announced a quarterly dividend on Wednesday, April 29th. Stockholders of record on Monday, May 11th will be paid a dividend of 0.65 per share by the asset manager on Thursday, June 18th. This represents a c) dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date of this dividend is Monday, May 11th.

Moelis & Company has decreased its dividend by an average of 0.1%per year over the last three years and has raised its dividend every year for the last 1 years. Moelis & Company has a payout ratio of 92.5% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Analysts expect Moelis & Company to earn $4.27 per share next year, which means the company should continue to be able to cover its $2.60 annual dividend with an expected future payout ratio of 60.9%.

Moelis & Company Price Performance

Shares of NYSE MC opened at $65.17 on Friday. The stock has a market capitalization of $5.06 billion, a price-to-earnings ratio of 23.44, a PEG ratio of 0.76 and a beta of 1.87. Moelis & Company has a 12 month low of $51.06 and a 12 month high of $78.22. The firm’s 50 day simple moving average is $60.09 and its 200-day simple moving average is $65.62.

Moelis & Company (NYSE:MC) last announced its earnings results on Wednesday, April 29th. The asset manager reported $0.50 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.09). Moelis & Company had a net margin of 14.46% and a return on equity of 38.94%. The business had revenue of $319.78 million for the quarter, compared to analysts’ expectations of $321.51 million. During the same quarter last year, the business earned $0.64 EPS. The company’s quarterly revenue was up 4.3% on a year-over-year basis. Analysts anticipate that Moelis & Company will post 3.2 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts recently commented on MC shares. JPMorgan Chase & Co. increased their price objective on Moelis & Company from $80.00 to $81.00 and gave the company a “neutral” rating in a research note on Thursday, February 5th. Keefe, Bruyette & Woods reduced their price objective on Moelis & Company from $80.00 to $64.00 and set a “market perform” rating for the company in a research note on Wednesday, April 8th. Morgan Stanley reduced their price objective on Moelis & Company from $90.00 to $83.00 and set an “overweight” rating for the company in a research note on Thursday, April 9th. Zacks Research downgraded Moelis & Company from a “hold” rating to a “strong sell” rating in a research note on Tuesday. Finally, Wall Street Zen downgraded Moelis & Company from a “hold” rating to a “sell” rating in a research note on Saturday, May 2nd. Two equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $71.89.

Moelis & Company Company Profile

Moelis & Co operates as a holding company. It engages in the provision of financial advisory, capital raising and asset management services to a client base including corporations, governments, sovereign wealth funds and financial sponsors. The firm focuses on clients including large public multinational corporations, middle market private companies, financial sponsors, entrepreneurs and governments. The company was founded by Kenneth David Moelis, Navid Mahmoodzadegan, Jeffrey Raich and Elizabeth Ann Crain in July 2007 and is headquartered in New York, NY.