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Moelis & pany(MC) - 2024 Q4 - Annual Results
2025-02-05 21:15
Exhibit 99.1 Moelis & Company Reports Fourth Quarter and Full Year 2024 Financial Results; Increases Quarterly Dividend 8% to $0.65 Per Share NEW YORK, February 5, 2025 – Moelis & Company (NYSE:MC) today reported financial results for the fourth quarter and full year ended December 31, 2024. The Firm's fourth quarter revenues were $438.7 million and represented an increase of 104% from the prior year period. The Firm reported fourth quarter GAAP net income of $99.8 million, or $1.15 per share (diluted). On ...
All You Need to Know About Moelis (MC) Rating Upgrade to Strong Buy
ZACKS· 2025-01-31 18:01
Moelis (MC) could be a solid addition to your portfolio given its recent upgrade to a Zacks Rank #1 (Strong Buy). This upgrade is essentially a reflection of an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.A company's changing earnings picture is at the core of the Zacks rating. The system tracks the Zacks Consensus Estimate -- the consensus measure of EPS estimates from the sell-side analysts covering the stock -- for the current and following years.The power ...
Moelis (MC) Earnings Expected to Grow: Should You Buy?
ZACKS· 2025-01-29 16:05
Wall Street expects a year-over-year increase in earnings on higher revenues when Moelis (MC) reports results for the quarter ended December 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on February 5. On th ...
LVMH achieves a solid performance despite an unfavorable global economic environment
Globenewswire· 2025-01-28 16:45
Core Insights - LVMH Moët Hennessy Louis Vuitton reported a revenue of €84.7 billion in 2024, reflecting a 1% organic growth despite a challenging economic environment [1][9] - The company demonstrated resilience with a profit from recurring operations of €19.6 billion and an operating margin of 23.1%, significantly above pre-Covid levels [2][9] - LVMH's net profit was €12.6 billion, and free cash flow increased by 29% to €10.5 billion [2][9] Financial Performance - Revenue for 2024 was down 2% reported but up 1% organically compared to 2023 [9] - Profit from recurring operations decreased by 14% year-over-year [9] - The Group's net financial debt reduced by 14%, while equity increased by 11% [9][10] Business Segment Performance - **Wines & Spirits**: Revenue decreased by 11% reported and 8% organically, with a significant drop in profit from recurring operations by 36% due to exchange rate fluctuations [9][12] - **Fashion & Leather Goods**: Revenue was down 3% reported and 1% organically, with a 10% decline in profit from recurring operations [9][13] - **Perfumes & Cosmetics**: Achieved a 2% increase in revenue reported and 4% organically, with a 6% decrease in profit from recurring operations [9][14] - **Watches & Jewelry**: Revenue decreased by 3% reported and 2% organically, with a 28% drop in profit from recurring operations [9][16] - **Selective Retailing**: Revenue grew by 2% reported and 6% organically, with stable profit from recurring operations [9][17] Strategic Initiatives - LVMH's partnership with the Paris 2024 Olympic and Paralympic Games highlighted its commitment to excellence and showcased French craftsmanship [3] - The company made significant progress under its LIFE 360 environmental program, achieving a 55% reduction in GHG emissions two years ahead of schedule [10] - LVMH continues to focus on innovation and investment to reinforce its leadership in the luxury market [18][19] Future Outlook - The company remains confident in its strategy for 2025, emphasizing brand development, innovation, and quality [18][19] - A proposed dividend of €13 per share reflects the company's strong financial position [20]
Moelis (MC) is a Great Momentum Stock: Should You Buy?
ZACKS· 2025-01-24 18:01
Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the 'long' context, investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.Whil ...
Here's Why Moelis (MC) is a Strong Momentum Stock
ZACKS· 2025-01-20 15:55
Company Overview - Moelis & Company is a global investment bank providing strategic and financial advisory services across various industries, including mergers & acquisitions, capital markets transactions, recapitalizations, and restructurings [11]. Investment Analysis - Moelis & Company currently holds a Zacks Rank of 3 (Hold) and has a VGM Score of B, indicating a solid position in the market [12]. - The company has a Momentum Style Score of B, with shares increasing by 4.8% over the past four weeks [12]. - Recent upward revisions in earnings estimates by three analysts for fiscal 2024 have led to an increase in the Zacks Consensus Estimate by $0.07 to $1.03 per share [12]. - Moelis & Company has demonstrated an average earnings surprise of 54.8%, suggesting strong performance relative to expectations [12]. - Given its solid Zacks Rank and favorable Momentum and VGM Style Scores, Moelis & Company is recommended for investors' consideration [13].
Why Moelis (MC) Could Beat Earnings Estimates Again
ZACKS· 2025-01-10 18:15
Have you been searching for a stock that might be well-positioned to maintain its earnings-beat streak in its upcoming report? It is worth considering Moelis (MC) , which belongs to the Zacks Financial - Investment Bank industry.This investment bank has an established record of topping earnings estimates, especially when looking at the previous two reports. The company boasts an average surprise for the past two quarters of 36.82%.For the last reported quarter, Moelis came out with earnings of $0.22 per sha ...
Half yearly report on LVMH’s liquidity contract with ODDO BHF SCA
Globenewswire· 2025-01-08 10:56
Core Insights - LVMH's liquidity contract with Oddo BHF SCA shows significant trading activity in the second half of 2024, with total purchases amounting to €127,266,984.20 for 200,546 shares and total sales amounting to €134,574,783.70 for 210,546 shares [1][2]. Summary by Category Liquidity Account Overview - As of December 31, 2024, the liquidity account had a total of €27,391,735.72 in cash and 21,000 shares remaining [2]. - The total number of transactions for purchases was 2,766, while for sales it was 3,340 [2]. Purchase Transactions - The total volume of shares purchased was 200,546, with the highest single transaction occurring on July 8, 2024, for 4,000 shares at €2,828,000.00 [1][3]. - Notable purchase transactions included: - July 5, 2024: 3,000 shares for €2,153,300.00 - July 15, 2024: 4,000 shares for €2,846,700.00 - August 2, 2024: 3,000 shares for €1,897,200.00 [1][3][4]. Sale Transactions - The total volume of shares sold was 210,546, with the highest single transaction occurring on July 11, 2024, for 4,200 shares at €2,972,300.00 [1][3]. - Notable sale transactions included: - July 24, 2024: 5,000 shares for €3,287,400.00 - September 20, 2024: 6,000 shares for €3,676,000.00 - November 19, 2024: 5,000 shares for €2,885,000.00 [1][4][6]. Brand Portfolio - LVMH's diverse brand portfolio includes prominent names in various sectors such as Wines and Spirits, Fashion and Leather Goods, Perfumes and Cosmetics, and Watches and Jewelry [8]. - Key brands include Moët & Chandon, Louis Vuitton, Christian Dior, Bulgari, and Tiffany & Co. [8]. Market Presence - LVMH operates in selective retailing through entities like Sephora and DFS, enhancing its market presence across different consumer segments [8].
Moelis & Company's Q3 Earnings Top as Revenues Rise & Expenses Fall
ZACKS· 2024-10-24 13:56
Core Viewpoint - Moelis & Company reported a third-quarter 2024 adjusted EPS of 22 cents, exceeding the Zacks Consensus Estimate of 20 cents, and showing improvement from a loss of 15 cents per share in the prior year quarter [1] - The company's net income on a GAAP basis was $19.2 million, compared to a loss of $11.4 million in the same quarter last year [1] Financial Performance - Total revenues on a GAAP basis increased slightly year over year to $273.8 million, driven by a rise in M&A revenues, which offset a modest decline in non-M&A revenues, surpassing the Zacks Consensus Estimate of $269.6 million [2] - Total operating expenses on a GAAP basis decreased by 11.6% to $258.2 million, attributed to lower compensation and benefits costs as well as non-compensation expenses, while estimates for total operating expenses were $245.6 million [2] - Other income on a GAAP basis was $11.1 million, reflecting an 11.6% increase from the prior-year quarter [2] - As of September 30, 2024, the company held cash and liquid investments totaling $297.7 million, with no debt or goodwill [2] Strategic Outlook - Moelis & Company's global expansion initiatives and diverse operations across various sectors are seen as positive factors for future growth [3] - However, the company faces challenges from heightened geopolitical and macroeconomic uncertainties, along with rising expenses that may adversely affect financial performance [3] - Currently, Moelis & Company holds a Zacks Rank 4 (Sell) [3] Industry Performance - Morgan Stanley reported third-quarter 2024 earnings of $1.88 per share, exceeding the Zacks Consensus Estimate of $1.57, with solid performance in its investment banking business [4] - Goldman Sachs achieved an adjusted EPS of $8.40, surpassing the Zacks Consensus Estimate of $6.85, benefiting from strong investment banking and asset management performance [5]
Moelis (MC) Beats Q3 Earnings and Revenue Estimates
ZACKS· 2024-10-23 23:01
Moelis (MC) came out with quarterly earnings of $0.22 per share, beating the Zacks Consensus Estimate of $0.20 per share. This compares to loss of $0.15 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 10%. A quarter ago, it was expected that this investment bank would post earnings of $0.11 per share when it actually produced earnings of $0.18, delivering a surprise of 63.64%.Over the last four quarters, the company has surpas ...