Zacks Research Has Positive Forecast for MC FY2027 Earnings

Moelis & Company (NYSE:MC) – Investment analysts at Zacks Research raised their FY2027 earnings estimates for Moelis & Company in a research report issued on Wednesday, July 15th. Zacks Research analyst Team now expects that the asset manager will earn $4.19 per share for the year, up from their prior forecast of $4.17. Zacks Research currently has a “Hold” rating on the stock. The consensus estimate for Moelis & Company’s current full-year earnings is $3.14 per share.

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

MC has been the subject of several other research reports. UBS Group restated a “sell” rating and issued a $60.00 price target (up from $58.00) on shares of Moelis & Company in a research note on Wednesday, July 8th. Weiss Ratings downgraded Moelis & Company from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, May 26th. Wall Street Zen lowered Moelis & Company from a “hold” rating to a “sell” rating in a research report on Saturday, May 2nd. The Goldman Sachs Group lowered their target price on shares of Moelis & Company from $70.00 to $62.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 1st. Finally, Keefe, Bruyette & Woods dropped their price target on shares of Moelis & Company from $69.00 to $66.00 and set a “market perform” rating on the stock in a report on Friday, July 10th. Two research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $73.38.

Moelis & Company Trading Down 1.2%

Shares of MC opened at $69.22 on Friday. The company has a market cap of $5.44 billion, a price-to-earnings ratio of 24.90, a P/E/G ratio of 0.90 and a beta of 1.85. The business’s fifty day simple moving average is $66.64 and its two-hundred day simple moving average is $65.68. Moelis & Company has a 12 month low of $51.06 and a 12 month high of $78.22.

Moelis & Company Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 18th. Investors of record on Monday, May 11th were given a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date was Monday, May 11th. Moelis & Company’s dividend payout ratio is 93.53%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Moelis & Company by 7.6% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 381,458 shares of the asset manager’s stock worth $26,221,000 after buying an additional 26,800 shares during the last quarter. Tudor Investment Corp ET AL bought a new stake in Moelis & Company during the third quarter valued at approximately $5,718,000. Natixis Advisors LLC increased its holdings in Moelis & Company by 11.0% during the fourth quarter. Natixis Advisors LLC now owns 1,019,832 shares of the asset manager’s stock valued at $70,103,000 after buying an additional 100,956 shares during the last quarter. Assenagon Asset Management S.A. increased its holdings in Moelis & Company by 714.3% during the fourth quarter. Assenagon Asset Management S.A. now owns 182,147 shares of the asset manager’s stock valued at $12,521,000 after buying an additional 159,779 shares during the last quarter. Finally, HighTower Advisors LLC increased its holdings in Moelis & Company by 10.3% during the fourth quarter. HighTower Advisors LLC now owns 1,385,692 shares of the asset manager’s stock valued at $95,253,000 after buying an additional 129,368 shares during the last quarter. Institutional investors own 91.53% of the company’s stock.

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.