Moelis & Co (MC) Set to Announce Quarterly Earnings on Wednesday
Moelis & Co (NYSE:MC) is scheduled to issue its Q214 quarterly earnings data on Wednesday, July 30th. Analysts expect the company to announce earnings of $0.24 per share and revenue of $84.80 million for the quarter.
Moelis & Co (NYSE:MC) last issued its quarterly earnings data on Wednesday, May 7th. The company reported $0.37 EPS for the quarter. The company had revenue of $114.50 million for the quarter, compared to the consensus estimate of $59.85 million. On average, analysts expect Moelis & Co to post $1.59 EPS for the current fiscal year and $1.81 EPS for the next fiscal year.
Shares of Moelis & Co (NYSE:MC) traded down 0.53% on Tuesday, hitting $32.925. The stock had a trading volume of 12,890 shares. Moelis & Co has a 1-year low of $25.75 and a 1-year high of $35.85. The stock’s 50-day moving average is $33.06 and its 200-day moving average is $30.84. The company has a market cap of $499.0 million and a price-to-earnings ratio of 15.78.
MC has been the subject of a number of recent research reports. Analysts at JMP Securities reiterated a “market outperform” rating on shares of Moelis & Co in a research note on Friday, July 11th. They now have a $35.00 price target on the stock, up previously from $33.00. On the ratings front, analysts at Susquehanna initiated coverage on shares of Moelis & Co in a research note on Thursday, June 5th. They set a “neutral” rating and a $31.00 price target on the stock. Finally, analysts at Rafferty Capital Markets initiated coverage on shares of Moelis & Co in a research note on Wednesday, May 21st. They set a “hold” rating and a $32.00 price target on the stock. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $32.60.
Moelis & Company is a global independent investment bank that provides strategic and financial advice to a diverse client base, including corporations, governments and financial sponsors.
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