Moelis & Company Reports Third Quarter and First Nine Months 2024 Financial Results; Declares Regular Quarterly Dividend of $0.60 Per Share
Moelis & Company Class A (MC)
Last moelis & company class a earnings: 4/22 04:15 pm
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Source: Business Wire
Third quarter GAAP revenues of $273.8 million; Adjusted revenues of $280.7 million, up 1% from the prior year periodGAAP revenues for the first nine months of 2024 were $755.8 million; Adjusted revenues of $762.8 million, up 18% from the prior year periodGAAP net income of $0.22 per share (diluted) for the third quarter and $0.61 per share (diluted) for the first nine months of 2024; Adjusted net income of $0.22 per share (diluted) for the third quarter and $0.63 per share (diluted) for the first nine months of 2024Continued to execute on our growth strategy:Year-to-date, promoted seven advisory professionals to Managing Director and hired eight Managing Directors, including one Biotech Managing Director who will join the Firm next monthStrong balance sheet with cash and short-term investments of $297.7 million and no debt or goodwillDeclared quarterly dividend of $0.60 per share NEW YORK--(BUSINESS WIRE)--Moelis & Company (NYSE:MC) today reported financial results for the quarter
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News
- Moelis & Company (NYSE: MC) was upgraded by analysts at Keefe, Bruyette & Woods from a "market perform" rating to an "outperform" rating. They now have a $86.00 price target on the stock, up previously from $71.00.MarketBeat
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MC
Earnings
- 10/23/24 - Beat
MC
Sec Filings
- 12/4/24 - Form 4
- 12/4/24 - Form 4
- 12/4/24 - Form 4
- MC's page on the SEC website