Moelis & Company (MC) Tops Q1 EPS by 14c

Moelis & Company (NYSE: MC) reported Q1 EPS of $1.02, $0.14 better than the analyst estimate of $0.88. Revenue for the quarter came in at $263.9 million versus the consensus estimate of $240.8 million.

“Our record first quarter revenues reflect growth across all of our business and regions. I believe that our franchise is stronger today than at any other point in our Firm’s history,” said Ken Moelis, Chairman and Chief Executive Officer.

“Our solid topline performance, ongoing expense discipline, and focus on profitable organic growth generates substantial shareholder returns, as evidenced by today’s announcement of a $2.00 per share special dividend in addition to our regular quarterly dividend of $0.55 per share. Including today’s announcement, we will have returned over $430 million in capital over the last two quarters through dividends and share repurchases.”

For earnings history and earnings-related data on Moelis & Company (MC) click here.

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