Moelis & Company (NYSE:MC – Get Free Report) issued its quarterly earnings results on Wednesday. The asset manager reported $0.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.11 by $0.11, Briefing.com reports. The company had revenue of $217.49 million during the quarter, compared to the consensus estimate of $219.30 million. Moelis & Company had a negative return on equity of 0.13% and a negative net margin of 1.33%. Moelis & Company’s revenue was up 17.4% on a year-over-year basis. During the same period last year, the company earned $0.05 earnings per share.
Moelis & Company Trading Down 1.0 %
Shares of Moelis & Company stock opened at $49.75 on Friday. The firm has a market cap of $3.54 billion, a P/E ratio of -261.84 and a beta of 1.35. Moelis & Company has a 12 month low of $33.87 and a 12 month high of $58.67. The stock’s fifty day moving average price is $54.07 and its 200-day moving average price is $51.54.
Moelis & Company Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Thursday, June 20th. Stockholders of record on Monday, May 6th will be paid a dividend of $0.60 per share. The ex-dividend date is Friday, May 3rd. This represents a $2.40 annualized dividend and a dividend yield of 4.82%. Moelis & Company’s dividend payout ratio is currently -1,263.16%.
Wall Street Analysts Forecast Growth
Check Out Our Latest Stock Report on MC
Insider Activity
In other news, insider Christopher Callesano sold 1,040 shares of the firm’s stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $53.59, for a total transaction of $55,733.60. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other news, insider Christopher Callesano sold 1,040 shares of the firm’s stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $53.59, for a total transaction of $55,733.60. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Joseph Simon sold 10,720 shares of the firm’s stock in a transaction on Friday, February 9th. The shares were sold at an average price of $54.70, for a total value of $586,384.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 375,185 shares of company stock worth $20,130,225. Company insiders own 6.96% of the company’s stock.
About Moelis & Company
Moelis & Company operates as an investment banking advisory firm. It offers advisory services in the areas of mergers and acquisitions, recapitalizations and restructurings, capital markets transactions, and other corporate finance matters, as well as strategic, capital structure, and private funds advisory.
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