Moelis & Co (NYSE: MC) closed the day trading at $53.43 down -1.13% from the previous closing price of $54.04. In other words, the price has decreased by -$0.61 from its previous closing price. On the day, 723594 shares were traded.
Ratios:
For a better understanding of MC, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 19.03 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 25.12. In the meantime, Its Debt-to-Equity ratio is 0.61 whereas as Long-Term Debt/Eq ratio is at 0.55.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Goldman on March 13, 2024, Upgraded its rating to Neutral and sets its target price to $58 from $53 previously.
Goldman Downgraded its Neutral to Sell on January 11, 2023, whereas the target price for the stock was revised from $40 to $37.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Mar 01 ’24 when MAHMOODZADEGAN NAVID sold 19,483 shares for $53.88 per share. The transaction valued at 1,049,744 led to the insider holds 44,980 shares of the business.
MOELIS KENNETH sold 4,000 shares of MC for $216,320 on Mar 01 ’24. The Chairman, CEO now owns 82,441 shares after completing the transaction at $54.08 per share. On Feb 29 ’24, another insider, MOELIS KENNETH, who serves as the Chairman, CEO of the company, sold 75,000 shares for $54.11 each. As a result, the insider received 4,058,250 and left with 86,441 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, MC now has a Market Capitalization of 3.56B and an Enterprise Value of 3.59B. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.17 while its Price-to-Book (P/B) ratio in mrq is 10.12. Its current Enterprise Value per Revenue stands at 4.20 whereas that against EBITDA is -112.12.
Stock Price History:
Over the past 52 weeks, MC has reached a high of $58.67, while it has fallen to a 52-week low of $33.87. The 50-Day Moving Average of the stock is 54.76, while the 200-Day Moving Average is calculated to be 49.69.
Shares Statistics:
Over the past 3-months, MC traded about 644.98K shares per day on average, while over the past 10 days, MC traded about 514.06k shares per day. A total of 66.68M shares are outstanding, with a floating share count of 66.31M. Insiders hold about 0.55% of the company’s shares, while institutions hold 109.02% stake in the company. Shares short for MC as of Mar 15, 2024 were 6.06M with a Short Ratio of 9.42, compared to 6.42M on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 9.09% and a Short% of Float of 10.19%.
Dividends & Splits
MC’s forward annual dividend rate is 2.40, up from 2.40 a year ago. Against a Trailing Annual Dividend Yield of 4.44%, it implies a Forward Annual Dividend Yield of 4.17%. The stock’s 5-year Average Dividend Yield is 4.93.
Earnings Estimates
Current recommendations for the stock of the company come from 8 analysts. On average, analysts expect EPS of $0.12 for the current quarter, with a high estimate of $0.23 and a low estimate of $0.01, while EPS last year was $0.05. The consensus estimate for the next quarter is $0.17, with high estimates of $0.29 and low estimates of $0.03.
Analysts are recommending an EPS of between $1.44 and $0.6 for the fiscal current year, implying an average EPS of $1.12. EPS for the following year is $2.5, with 7 analysts recommending between $2.85 and $1.65.
Revenue Estimates
6 analysts predict $218.47M in revenue for the current quarter. It ranges from a high estimate of $223.47M to a low estimate of $210M. As of the current estimate, Moelis & Co’s year-ago sales were $185.3M, an estimated increase of 17.90% from the year-ago figure. For the next quarter, 6 analysts are estimating revenue of $240.93M, an increase of 29.80% over than the figure of $17.90% in the same quarter last year. There is a high estimate of $257.42M for the next quarter, whereas the lowest estimate is $225M.
A total of 7 analysts have provided revenue estimates for MC’s current fiscal year. The highest revenue estimate was $1.29B, while the lowest revenue estimate was $1.03B, resulting in an average revenue estimate of $1.11B. In the same quarter a year ago, actual revenue was $860.09M, up 28.50% from the average estimate. Based on 7 analysts’ estimates, the company’s revenue will be $1.35B in the next fiscal year. The high estimate is $1.57B and the low estimate is $1.26B. The average revenue growth estimate for next year is up 22.00% from the average revenue estimate for this year.
