Moelis & Company (MC) Earning Somewhat Favorable Press Coverage, Report Shows

News stories about Moelis & Company (NYSE:MC) have been trending somewhat positive on Saturday, Accern reports. The research group identifies negative and positive press coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Moelis & Company earned a news impact score of 0.22 on Accern’s scale. Accern also assigned headlines about the asset manager an impact score of 46.3864350034322 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.

Here are some of the headlines that may have impacted Accern Sentiment Analysis’s analysis:

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Shares of NYSE MC opened at $53.95 on Friday. The firm has a market cap of $2,939.60, a price-to-earnings ratio of 23.56, a P/E/G ratio of 1.51 and a beta of 1.71. Moelis & Company has a 12-month low of $34.60 and a 12-month high of $54.60.

Moelis & Company (NYSE:MC) last announced its earnings results on Wednesday, February 7th. The asset manager reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.10. The business had revenue of $169.17 million for the quarter, compared to analysts’ expectations of $160.22 million. Moelis & Company had a return on equity of 47.12% and a net margin of 4.29%. The business’s revenue for the quarter was down 17.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.66 EPS. equities research analysts forecast that Moelis & Company will post 2.73 earnings per share for the current fiscal year.

Several analysts have issued reports on MC shares. ValuEngine raised Moelis & Company from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Zacks Investment Research cut Moelis & Company from a “buy” rating to a “hold” rating in a research report on Tuesday, March 27th. Bank of America increased their target price on Moelis & Company from $53.00 to $55.00 and gave the company a “buy” rating in a research report on Thursday, February 8th. Finally, Morgan Stanley increased their target price on Moelis & Company from $49.00 to $60.00 and gave the company an “overweight” rating in a research report on Friday, February 9th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the stock. Moelis & Company currently has a consensus rating of “Buy” and a consensus price target of $50.67.

In other news, CFO Joseph Simon sold 2,528 shares of the firm’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $50.00, for a total value of $126,400.00. Following the completion of the sale, the chief financial officer now owns 15,353 shares of the company’s stock, valued at approximately $767,650. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Vice Chairman J Richard Leaman III sold 15,572 shares of the firm’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $50.00, for a total value of $778,600.00. Following the completion of the sale, the insider now directly owns 31,142 shares of the company’s stock, valued at approximately $1,557,100. The disclosure for this sale can be found here. Insiders have sold a total of 138,393 shares of company stock worth $6,999,369 in the last ninety days. Insiders own 52.64% of the company’s stock.

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Moelis & Company Company Profile

Moelis & Company, an investment bank, provides strategic and financial advisory services in the United States and internationally. It advises clients in the areas of mergers and acquisitions, recapitalizations and restructurings, capital markets advisory, and other corporate finance matters. The company offers its services to public multinational corporations, governments, financial sponsors, middle market private companies, and individual entrepreneurs.

Insider Buying and Selling by Quarter for Moelis & Company (NYSE:MC)

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