Moelis & Co (MC) Declares Quarterly Dividend of $0.20
Moelis & Co (NYSE:MC) declared a quarterly dividend on Wednesday, July 30th, Analyst Ratings Net reports. Shareholders of record on Monday, August 25th will be given a dividend of 0.20 per share on Monday, September 8th. This represents a $0.80 dividend on an annualized basis and a yield of 2.42%.
Several analysts have recently commented on the stock. 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 stock. The company presently has an average rating of “Buy” and a consensus price target of $32.60.
Moelis & Co (NYSE:MC) traded up 4.03% during mid-day trading on Wednesday, hitting $34.08. 96,709 shares of the company’s stock traded hands. Moelis & Co has a 52 week low of $25.75 and a 52 week high of $35.85. The stock’s 50-day moving average is $33.0 and its 200-day moving average is $30.87. The company has a market cap of $516.5 million and a P/E ratio of 15.62.
Moelis & Co (NYSE:MC) last announced its earnings results on Wednesday, July 30th. The company reported $0.42 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.24 by $0.18. The company had revenue of $131.70 million for the quarter, compared to the consensus estimate of $84.80 million. The company’s quarterly revenue was up 33.7% on a year-over-year basis. On average, analysts predict that Moelis & Co will post $1.59 earnings per share for the current fiscal year.
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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