Moelis & Company (MC) Projected to Post Earnings on Wednesday

Moelis & Company (NYSE:MC) is projected to announce its earnings results after the market closes on Wednesday, February 5th. Analysts expect the company to announce earnings of $0.39 per share and revenue of $348.79 million for the quarter. Investors that are interested in registering for the company’s conference call can do so using this link.

Moelis & Company Stock Performance

Shares of MC stock opened at $77.65 on Wednesday. The stock has a fifty day moving average price of $75.10 and a 200 day moving average price of $70.17. The stock has a market cap of $5.82 billion, a PE ratio of 146.51 and a beta of 1.39. Moelis & Company has a 1 year low of $46.24 and a 1 year high of $81.60.

Analyst Ratings Changes

MC has been the subject of several research reports. UBS Group lifted their price target on Moelis & Company from $54.00 to $60.00 and gave the stock a “sell” rating in a research note on Tuesday, October 8th. Keefe, Bruyette & Woods raised shares of Moelis & Company from a “market perform” rating to an “outperform” rating and upped their price target for the company from $71.00 to $86.00 in a report on Friday, December 20th. Wells Fargo & Company lowered their price target on shares of Moelis & Company from $78.00 to $77.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 14th. Finally, Morgan Stanley upgraded Moelis & Company from an “underweight” rating to an “overweight” rating and lifted their price objective for the stock from $66.00 to $92.00 in a research report on Monday, December 9th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, Moelis & Company has an average rating of “Hold” and an average price target of $70.67.

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.