Moelis & Company (MC) to Issue Quarterly Dividend of $0.65 on September 17th

Moelis & Company (NYSE:MC) announced a quarterly dividend on Wednesday, July 29th. Investors of record on Monday, August 10th will be paid a dividend of 0.65 per share by the asset manager on Thursday, September 17th. This represents a c) annualized dividend and a dividend yield of 3.9%. The ex-dividend date is Monday, August 10th.

Moelis & Company has decreased its dividend by an average of 0.1%annually over the last three years and has raised its dividend annually for the last 1 consecutive years. Moelis & Company has a payout ratio of 92.5% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Analysts expect Moelis & Company to earn $4.24 per share next year, which means the company should continue to be able to cover its $2.60 annual dividend with an expected future payout ratio of 61.3%.

Moelis & Company Price Performance

MC stock opened at $66.53 on Friday. The company has a 50 day simple moving average of $67.41 and a 200 day simple moving average of $65.05. The stock has a market cap of $5.23 billion, a price-to-earnings ratio of 23.18, a P/E/G ratio of 0.87 and a beta of 1.84. Moelis & Company has a 1 year low of $51.06 and a 1 year high of $78.22.

Moelis & Company (NYSE:MC) last issued its quarterly earnings data on Wednesday, July 29th. The asset manager reported $0.63 EPS for the quarter, beating the consensus estimate of $0.62 by $0.01. The business had revenue of $409.39 million during the quarter, compared to the consensus estimate of $387.27 million. Moelis & Company had a net margin of 14.50% and a return on equity of 39.59%. The firm’s revenue was up 12.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.53 EPS. On average, equities research analysts anticipate that Moelis & Company will post 3.13 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on MC. Zacks Research raised Moelis & Company from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 14th. UBS Group restated a “sell” rating and set a $60.00 price target (up from $58.00) on shares of Moelis & Company in a report on Wednesday, July 8th. Wall Street Zen upgraded shares of Moelis & Company from a “sell” rating to a “hold” rating in a research report on Saturday, August 1st. Weiss Ratings cut shares of Moelis & Company from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, May 26th. Finally, Keefe, Bruyette & Woods decreased their price objective on Moelis & Company from $69.00 to $66.00 and set a “market perform” rating for the company in a report on Friday, July 10th. Two equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $73.62.

Moelis & Company Company Profile

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. The company was founded by Kenneth David Moelis, Navid Mahmoodzadegan, Jeffrey Raich and Elizabeth Ann Crain in July 2007 and is headquartered in New York, NY.