Moelis & Co (NYSE:MC) announced its quarterly earnings data on Wednesday. The asset manager reported $0.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.42 by $0.10, Briefing.com reports. The business had revenue of $169.17 million for the quarter, compared to analysts’ expectations of $160.22 million. Moelis & Co had a net margin of 4.29% and a return on equity of 48.98%. The firm’s quarterly revenue was down 17.3% compared to the same quarter last year. During the same period last year, the firm posted $0.66 earnings per share.
Shares of Moelis & Co (NYSE:MC) opened at $52.00 on Friday. Moelis & Co has a 52-week low of $34.60 and a 52-week high of $52.55. The firm has a market cap of $2,651.28, a P/E ratio of 21.73, a price-to-earnings-growth ratio of 1.31 and a beta of 1.85.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 7th. Shareholders of record on Tuesday, February 20th will be given a $0.47 dividend. The ex-dividend date of this dividend is Friday, February 16th. This represents a $1.88 dividend on an annualized basis and a yield of 3.62%. This is a positive change from Moelis & Co’s previous quarterly dividend of $0.37. Moelis & Co’s dividend payout ratio (DPR) is currently 187.34%.
Moelis & Co Company Profile
Moelis & Company is an investment banking advisory company. The Company provides strategic and financial advice to a client base, including corporations, governments and financial sponsors. The Company offers financial advisory services across various industry sectors. It advices its clients on decisions, including mergers and acquisitions (M&A), recapitalizations and restructurings, and other corporate finance matters.
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