Seaport Res Ptn Has Bullish Forecast for MC FY2025 Earnings

Key Points

• Seaport Res Ptn has raised its FY2025 earnings per share (EPS) estimate for Moelis & Company to $2.60, up from $2.50, while the consensus estimate for the current full-year earnings stands at $2.97 per share.
• Moelis reported a quarterly EPS of $0.53, exceeding consensus estimates of $0.32, and its revenue grew by 38.1% year-over-year, amounting to $365.38 million.
• Despite positive earnings reports, several analysts have downgraded their ratings, with Zacks Research reducing Moelis from "strong-buy" to "hold", indicating a more cautious outlook on the stock.

Moelis & Company (NYSE:MC - Free Report) - Investment analysts at Seaport Res Ptn upped their FY2025 earnings per share (EPS) estimates for shares of Moelis & Company in a note issued to investors on Monday, October 13th. Seaport Res Ptn analyst J. Mitchell now expects that the asset manager will earn $2.60 per share for the year, up from their prior estimate of $2.50. The consensus estimate for Moelis & Company's current full-year earnings is $2.97 per share. Seaport Res Ptn also issued estimates for Moelis & Company's FY2026 earnings at $3.40 EPS and FY2027 earnings at $4.25 EPS.

Moelis & Company (NYSE:MC - Get Free Report) last issued its quarterly earnings data on Thursday, July 24th. The asset manager reported $0.53 EPS for the quarter, beating analysts' consensus estimates of $0.32 by $0.21. The business had revenue of $365.38 million for the quarter, compared to analyst estimates of $269.57 million. Moelis & Company had a return on equity of 42.72% and a net margin of 14.31%.The firm's revenue for the quarter was up 38.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.18 EPS.

Other analysts have also issued research reports about the company. Zacks Research lowered Moelis & Company from a "strong-buy" rating to a "hold" rating in a report on Wednesday, October 8th. Keefe, Bruyette & Woods lowered their target price on Moelis & Company from $89.00 to $80.00 and set an "outperform" rating on the stock in a report on Monday. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Moelis & Company in a report on Wednesday, October 8th. Deutsche Bank Aktiengesellschaft started coverage on Moelis & Company in a report on Thursday, October 9th. They issued a "buy" rating and a $80.00 target price on the stock. Finally, Wells Fargo & Company raised their target price on Moelis & Company from $50.00 to $64.00 and gave the company an "equal weight" rating in a report on Friday, July 11th. Three research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat.com, Moelis & Company presently has an average rating of "Hold" and a consensus price target of $71.86.

Moelis & Company Stock Performance

Shares of NYSE MC opened at $65.76 on Tuesday. The firm has a market cap of $5.16 billion, a price-to-earnings ratio of 25.89 and a beta of 1.77. The business's 50-day simple moving average is $71.58 and its 200-day simple moving average is $63.72. Moelis & Company has a 52 week low of $47.00 and a 52 week high of $82.89.

Moelis & Company Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 18th. Shareholders of record on Monday, August 4th were given a $0.65 dividend. The ex-dividend date was Monday, August 4th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 4.0%. Moelis & Company's dividend payout ratio (DPR) is currently 102.36%.

Insider Buying and Selling

In related news, Director Kenneth Shropshire sold 2,615 shares of the firm's stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $72.52, for a total transaction of $189,639.80. Following the completion of the transaction, the director owned 7,109 shares in the company, valued at $515,544.68. This trade represents a 26.89% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, General Counsel Osamu R. Watanabe sold 6,340 shares of the firm's stock in a transaction that occurred on Friday, July 25th. The stock was sold at an average price of $72.64, for a total value of $460,537.60. Following the transaction, the general counsel owned 131 shares of the company's stock, valued at $9,515.84. This trade represents a 97.98% decrease in their position. The disclosure for this sale can be found here. 6.40% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Moelis & Company

Several institutional investors have recently bought and sold shares of MC. EverSource Wealth Advisors LLC raised its position in Moelis & Company by 89.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 597 shares of the asset manager's stock valued at $37,000 after purchasing an additional 282 shares during the last quarter. eCIO Inc. bought a new position in Moelis & Company in the 1st quarter valued at $50,000. Canton Hathaway LLC bought a new position in Moelis & Company in the 2nd quarter valued at $51,000. Neo Ivy Capital Management bought a new position in Moelis & Company in the 2nd quarter valued at $75,000. Finally, GAMMA Investing LLC raised its position in Moelis & Company by 38.9% in the 1st quarter. GAMMA Investing LLC now owns 1,632 shares of the asset manager's stock valued at $95,000 after purchasing an additional 457 shares during the last quarter. Institutional investors own 91.53% of the company's stock.

About Moelis & Company

Moelis & Co operates as a holding company. It engages in the provision of financial advisory, capital raising and asset management services to a client base including corporations, governments, sovereign wealth funds and financial sponsors. The firm focuses on clients including large public multinational corporations, middle market private companies, financial sponsors, entrepreneurs and governments.

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