According to Zacks, “Moelis & Company's shares have underperformed the industry over the past six months. It has a decent earnings surprise history, having surpassed the Zacks Consensus Estimate in two of the trailing four quarters. Earnings estimates have been going down ahead of the company's first quarter 2019 results. Mounting operating expenses, particularly compensation costs, remain a major concern for the company. Although global expansion initiatives along with strategic partnerships and favorable operating environment are likely to aid growth, the company remains exposed to unfavorable changes in regulatory and political environment, and foreign exchange fluctuations due to its global presence.”
Several other research firms also recently issued reports on MC. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and set a $43.00 price objective on shares of Moelis & Co in a report on Friday, January 4th. Morgan Stanley decreased their price objective on shares of Moelis & Co from $59.00 to $46.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 8th. Bank of America downgraded shares of Moelis & Co from a “buy” rating to an “underperform” rating in a report on Thursday, April 11th. JMP Securities decreased their price objective on shares of Moelis & Co from $56.00 to $50.00 and set a “market outperform” rating on the stock in a report on Monday, April 8th. Finally, ValuEngine downgraded shares of Moelis & Co from a “hold” rating to a “sell” rating in a report on Friday, March 1st. Three equities research analysts have rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $53.89.
NYSE MC traded up $0.11 during mid-day trading on Wednesday, reaching $39.32. 9,994 shares of the stock were exchanged, compared to its average volume of 550,939. Moelis & Co has a 1 year low of $32.66 and a 1 year high of $67.65. The company has a market capitalization of $2.20 billion, a PE ratio of 13.11, a price-to-earnings-growth ratio of 1.31 and a beta of 2.00.
Moelis & Co (NYSE:MC) last announced its quarterly earnings results on Wednesday, February 6th. The asset manager reported $0.77 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.67 by $0.10. Moelis & Co had a net margin of 15.88% and a return on equity of 57.34%. The firm had revenue of $238.30 million for the quarter, compared to the consensus estimate of $224.54 million. During the same period in the prior year, the firm posted $0.52 earnings per share. The firm’s quarterly revenue was up 40.8% compared to the same quarter last year. As a group, equities analysts predict that Moelis & Co will post 2.67 earnings per share for the current fiscal year.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Synovus Financial Corp raised its position in shares of Moelis & Co by 2.4% in the fourth quarter. Synovus Financial Corp now owns 11,997 shares of the asset manager’s stock valued at $410,000 after buying an additional 283 shares during the last quarter. Campbell Newman Asset Management Inc. raised its position in shares of Moelis & Co by 3.2% in the first quarter. Campbell Newman Asset Management Inc. now owns 9,656 shares of the asset manager’s stock valued at $402,000 after buying an additional 297 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Moelis & Co by 6.0% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,914 shares of the asset manager’s stock valued at $306,000 after buying an additional 506 shares during the last quarter. Sageworth Trust Co acquired a new stake in shares of Moelis & Co in the first quarter valued at about $28,000. Finally, Chartwell Investment Partners LLC raised its position in shares of Moelis & Co by 1.4% in the first quarter. Chartwell Investment Partners LLC now owns 61,219 shares of the asset manager’s stock valued at $2,547,000 after buying an additional 829 shares during the last quarter. Institutional investors and hedge funds own 75.80% of the company’s stock.
Moelis & Co Company Profile
Moelis & Company, an investment bank, provides strategic and financial advisory services in the United States and internationally. It advises clients in the areas of mergers and acquisitions, recapitalizations and restructurings, capital markets advisory, and other corporate finance matters. The company offers its services to public multinational corporations, governments, financial sponsors, middle market private companies, and individual entrepreneurs.
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