Piper Sandler Weighs in on Moelis & Company’s Q2 2021 Earnings (NYSE:MC)


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Moelis & Company (NYSE:MC) – Investment analysts at Piper Sandler lifted their Q2 2021 EPS estimates for Moelis & Company in a research report issued to clients and investors on Wednesday, January 13th. Piper Sandler analyst J. Harte now anticipates that the asset manager will post earnings per share of $0.60 for the quarter, up from their prior forecast of $0.58. Piper Sandler has a “Neutral” rating and a $41.00 price target on the stock. Piper Sandler also issued estimates for Moelis & Company’s Q3 2021 earnings at $0.68 EPS, FY2021 earnings at $2.77 EPS, Q2 2022 earnings at $0.83 EPS, Q3 2022 earnings at $0.66 EPS, Q4 2022 earnings at $0.87 EPS and FY2022 earnings at $3.06 EPS.

Moelis & Company (NYSE:MC) last posted its quarterly earnings data on Saturday, October 31st. The asset manager reported $0.54 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.03 by $0.51. The firm had revenue of $207.60 million during the quarter, compared to analyst estimates of $141.57 million. Moelis & Company had a return on equity of 23.47% and a net margin of 9.91%. The business’s quarterly revenue was down 10.4% on a year-over-year basis. During the same period last year, the company posted $0.76 EPS.

A number of other research analysts have also commented on the stock. BidaskClub lowered shares of Moelis & Company from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, December 30th. Seaport Global Securities began coverage on shares of Moelis & Company in a research note on Wednesday, December 16th. They set a “neutral” rating for the company. UBS Group raised shares of Moelis & Company from a “neutral” rating to a “buy” rating and upped their price objective for the company from $40.00 to $56.00 in a research note on Tuesday, January 5th. ValuEngine downgraded shares of Moelis & Company from a “buy” rating to a “hold” rating in a research note on Monday, November 2nd. Finally, JMP Securities raised their target price on shares of Moelis & Company from $37.00 to $42.00 and gave the company a “market outperform” rating in a research note on Friday, October 9th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $40.89.

Shares of NYSE MC opened at $53.05 on Thursday. The company has a market capitalization of $3.39 billion, a PE ratio of 42.10 and a beta of 1.29. The stock’s 50 day moving average price is $45.30 and its 200-day moving average price is $36.65. Moelis & Company has a twelve month low of $22.11 and a twelve month high of $53.86.

Several institutional investors and hedge funds have recently modified their holdings of MC. Vanguard Group Inc. raised its position in Moelis & Company by 8.3% in the 2nd quarter. Vanguard Group Inc. now owns 5,232,414 shares of the asset manager’s stock valued at $163,041,000 after buying an additional 400,718 shares during the last quarter. Timucuan Asset Management Inc. FL boosted its position in Moelis & Company by 18.9% during the third quarter. Timucuan Asset Management Inc. FL now owns 1,891,090 shares of the asset manager’s stock worth $66,453,000 after acquiring an additional 300,575 shares during the last quarter. Westwood Holdings Group Inc. boosted its position in Moelis & Company by 21.2% during the third quarter. Westwood Holdings Group Inc. now owns 1,254,986 shares of the asset manager’s stock worth $44,100,000 after acquiring an additional 219,278 shares during the last quarter. Emerald Advisers LLC boosted its position in Moelis & Company by 21.4% during the third quarter. Emerald Advisers LLC now owns 814,850 shares of the asset manager’s stock worth $28,634,000 after acquiring an additional 143,636 shares during the last quarter. Finally, Emerald Mutual Fund Advisers Trust boosted its position in Moelis & Company by 19.9% during the third quarter. Emerald Mutual Fund Advisers Trust now owns 703,012 shares of the asset manager’s stock worth $24,704,000 after acquiring an additional 116,881 shares during the last quarter. 86.77% of the stock is currently owned by institutional investors.

In other news, CFO Joseph Simon sold 18,367 shares of the firm’s stock in a transaction on Wednesday, November 4th. The stock was sold at an average price of $38.69, for a total transaction of $710,619.23. Following the transaction, the chief financial officer now directly owns 33,518 shares of the company’s stock, valued at $1,296,811.42. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold 25,715 shares of company stock worth $990,742 over the last three months. Corporate insiders own 17.99% of the company’s stock.

The firm also recently declared a None dividend, which was paid on Tuesday, December 29th. Stockholders of record on Friday, December 18th were issued a dividend of $2.00 per share. This is a positive change from Moelis & Company’s previous None dividend of $1.26. The ex-dividend date of this dividend was Thursday, December 17th. Moelis & Company’s dividend payout ratio (DPR) is 78.06%.

Moelis & Company 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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Earnings History and Estimates for Moelis & Company (NYSE:MC)

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