Moelis & Co. (MC) Stock Price Down 2.5%
Shares of Moelis & Co. (NYSE:MC) were down 2.5% on Tuesday . The company traded as low as $25.80 and last traded at $25.95, with a volume of 114,535 shares changing hands. The stock had previously closed at $26.61.
A number of analysts have recently weighed in on MC shares. Zacks Investment Research upgraded Moelis & Co. from a “sell” rating to a “hold” rating in a research report on Wednesday, August 10th. Credit Suisse Group AG reiterated a “hold” rating on shares of Moelis & Co. in a research report on Tuesday, June 28th. Finally, Morgan Stanley reissued a “buy” rating on shares of Moelis & Co. in a report on Tuesday, June 7th. Five investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Moelis & Co. presently has an average rating of “Buy” and an average target price of $30.78.
The stock has a 50-day moving average price of $26.03 and a 200 day moving average price of $26.21. The stock has a market capitalization of $534.96 million and a price-to-earnings ratio of 15.47.
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Moelis & Co. (NYSE:MC) last released its earnings results on Wednesday, August 3rd. The company reported $0.35 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.29 by $0.06. The firm earned $131.70 million during the quarter, compared to analysts’ expectations of $131.44 million. The business’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.37 earnings per share. Equities analysts forecast that Moelis & Co. will post $1.66 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, September 6th. Shareholders of record on Monday, August 22nd were given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 4.62%. The ex-dividend date of this dividend was Thursday, August 18th.
Moelis & Company is an investment bank that provides strategic and financial advice to a client base, including corporations, Governments and financial sponsors. The Company assists its clients in achieving their strategic goals by offering financial advisory services across all 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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