Moelis & Company (NYSE:MC) declared a quarterly dividend on Monday, July 24th, NASDAQ reports. Shareholders of record on Thursday, August 3rd will be paid a dividend of 0.37 per share by the asset manager on Thursday, August 17th. This represents a $1.48 dividend on an annualized basis and a yield of 3.86%. The ex-dividend date of this dividend is Tuesday, August 1st.
Moelis & has a dividend payout ratio of 68.2% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Moelis & to earn $2.28 per share next year, which means the company should continue to be able to cover its $1.48 annual dividend with an expected future payout ratio of 64.9%.
Moelis & (NYSE MC) traded down 0.39% during mid-day trading on Friday, reaching $38.30. 238,240 shares of the company’s stock were exchanged. The stock has a 50-day moving average of $39.78 and a 200-day moving average of $37.85. The firm has a market cap of $1.06 billion, a price-to-earnings ratio of 17.72 and a beta of 1.87. Moelis & has a 12 month low of $23.60 and a 12 month high of $44.85.
Moelis & (NYSE:MC) last released its earnings results on Monday, July 24th. The asset manager reported $0.66 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.51 by $0.15. Moelis & had a net margin of 8.50% and a return on equity of 52.98%. The company had revenue of $172.10 million during the quarter, compared to analyst estimates of $156.85 million. During the same period in the prior year, the firm posted $0.35 EPS. The firm’s quarterly revenue was up 30.7% compared to the same quarter last year. Analysts anticipate that Moelis & will post $2.25 earnings per share for the current year.
A number of brokerages have issued reports on MC. BidaskClub raised shares of Moelis & from a “buy” rating to a “strong-buy” rating in a report on Wednesday, July 12th. Zacks Investment Research raised shares of Moelis & from a “hold” rating to a “strong-buy” rating and set a $48.00 price objective for the company in a report on Friday, July 28th. JMP Securities increased their price objective on shares of Moelis & from $42.00 to $44.00 and gave the company a “market outperform” rating in a report on Tuesday, July 25th. Morgan Stanley raised their target price on shares of Moelis & from $39.00 to $45.00 and gave the company an “overweight” rating in a report on Tuesday, July 25th. Finally, UBS AG reissued a “neutral” rating and issued a $42.00 target price (up from $40.00) on shares of Moelis & in a report on Tuesday, July 25th. Four investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. Moelis & has a consensus rating of “Buy” and an average target price of $39.22.
Moelis & Company Profile
Moelis & Company is an investment banking advisory company. The Company provides strategic and financial advice to a client base, including corporations, governments and financial sponsors. The Company offers financial advisory services across various industry sectors. It advices its clients on decisions, including mergers and acquisitions (M&A), recapitalizations and restructurings, and other corporate finance matters.
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