|Bid||35.16 x 800|
|Ask||0.00 x 1100|
|Day's Range||34.55 - 35.52|
|52 Week Range||31.64 - 64.55|
|Beta (3Y Monthly)||2.20|
|PE Ratio (TTM)||13.78|
|Earnings Date||Jul 30, 2019|
|Forward Dividend & Yield||2.00 (5.56%)|
|1y Target Est||41.89|
Moelis (MC) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
(Bloomberg) -- When Saudi Arabia announced plans to sell shares in its crown jewel Aramco, international bankers scrambled to get a piece of the action. Three years on, they’re questioning whether what could be the world’s biggest IPO is worth their time and effort.Some banks, which worked on the deal for more than two years before the oil giant put it on hold, are having internal discussions about whether to re-pitch for a role as the kingdom restarts preparations for the listing, according to people with knowledge of the matter.High-level advisers descended on Aramco’s desert headquarters in Dhahran and the capital Riyadh for nearly two years, constantly travelling from London and New York to work on the IPO and sacrificing other business, people familiar with the process said. A number of banks expanded their operations in the kingdom in anticipation of winning a cut of the $100 billion Aramco planned to raise and roles on future deals.Banks originally associated with the plans -- Evercore Inc., Moelis & Co., HSBC Holdings Plc, JPMorgan Chase & Co. and Morgan Stanley -- were celebrated for landing roles. The 2017 mandate won Ken Moelis the nickname “Ken of Arabia” as the firm anticipated its biggest payday ever. Goldman Sachs Group Inc. and Citigroup Inc were also among banks in contention for top advisory roles before the listing plan was suspended, people familiar with the matter said last year.But that was before Aramco’s $69 billion deal for local chemical giant, Saudi Basic Industries Corp., put everything on hold.2020 or 2021Now, Saudi Arabia’s Crown Prince Mohammed bin Salman insists the IPO will take place in 2020 or 2021. While Saudi Arabia and Aramco remain key for business, some executives are concerned that they’ve spent too much time working for a small retainer fee, and would prefer to devote themselves to more lucrative deals, the people said, asking not to be identified because the discussions are private.Even with these concerns, banks are aware that there could be business and political consequences if they don’t put themselves forward for a role and many will probably decide to pitch in the end, according to the people. The reluctance of some banks to be involved is also being seen as a tactic for Aramco to increase its fees, some of the people said.Evercore is set to lose out after its relationship with Aramco deteriorated and the boutique investment bank found the oil giant’s fees too low, Reuters reported on Thursday, citing people familiar with the process who it didn’t name.Restarting WorkThe company, officially known as Saudi Arabian Oil Co., recently held talks with a select group of investment banks to discuss potential roles, people familiar with the matter said earlier this month.Prince Mohammed first said Aramco was considering an IPO in 2016 as part of plans to modernize the Saudi economy.With such high stakes, some banks are still keen to have a role on the offering, despite the delays. One firm that didn’t work on the original deal plans to do whatever it can to be hired this time around, mainly because of the size of the offering, according to an executive at that bank.Representatives for Aramco, HSBC, JPMorgan, Moelis, Citigroup and Evercore declined to comment. Morgan Stanley and Goldman Sachs didn’t immediately respond to requests.\--With assistance from Sarah Algethami and Archana Narayanan.To contact the reporters on this story: Nicolas Parasie in Dubai at email@example.com;Dinesh Nair in London at firstname.lastname@example.org;Matthew Martin in Dubai at email@example.comTo contact the editors responsible for this story: Stefania Bianchi at firstname.lastname@example.org, Amy ThomsonFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
LVMH Moet Hennessy Louis Vuitton SE announced a new partnership with fashion house Stella McCartney, though details of the arrangement won't be revealed until September. McCartney will continue to serve as creative director of her brand, and she will still hold a majority ownership. McCartney bought back full ownership of her brand from luxury company Kering in March 2018. The arrangement will include a role for McCartney as a special advisor to LVMH Chief Executive Bernard Arnault on sustainability issues. LVMH shares are up nearly 45% for the year to date while the S&P 500 index has gained 20.2% for the period.
Moelis & Company , a leading global independent investment bank, will release its second quarter 2019 financial results after the market closes on Tuesday, July 30, 2019.
(Bloomberg) -- Univision Communications Inc. is seeking possible bidders as part of a plan by the Spanish-language broadcaster to explore strategic options.The process is just getting started, and the company said Wednesday there’s no assurance the review will lead to a deal. The broadcaster has retained Morgan Stanley, Moelis & Co. and LionTree LLC as advisers.“As the last major independent broadcast media company in the U.S., a market where scale and strength matter, Univision has the fundamentals for continued growth on its own or with a partner,” the company said.Unvision failed at past efforts to arrange a sale and scrapped an initial public offering in March 2018. But the company has taken steps to improve its operations in recent months, selling off digital businesses like the Gizmodo Media Group, which included the online brands Jezebel and Deadspin, among others. That could make it more appealing to potential bidders.The broadcaster has struggled financially since a 2007 leveraged buyout. The company said it finished 2018 with $7.4 billion in debt. In 2017, Univision rejected an offer from cable TV billionaire John Malone that valued the company at $13.5 billion to $15 billion.(Updates with company comment starting in first paragraph.)To contact the reporter on this story: Gerry Smith in New York at email@example.comTo contact the editors responsible for this story: Nick Turner at firstname.lastname@example.org, Rob Golum, Josh FriedmanFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Bitcoin kicked off the week handily above $10,000 on Monday amid what appears to be a sustained recovery for the cryptocurrency. Bitcoin has quietly been staging a recovery this year amid expectations that the non-fiat, peer-to-peer digital currency will continue to be a payment of choice globally, and is not in imminent danger of being replaced by something else. "Bitcoin is having an excellent year as it continually reaches new 12-month highs, reviving investors' interest in the currency," TheStreet's Jordan French wrote last week.
A whopping number of 13F filings filed with U.S. Securities and Exchange Commission has been processed by Insider Monkey so that individual investors can look at the overall hedge fund sentiment towards the stocks included in their watchlists. These freshly-submitted public filings disclose money managers’ equity positions as of the end of the three-month period […]
Moelis & Co NYSE:MCView full report here! Summary * Bearish sentiment is low * Economic output for the sector is expanding but at a slower rate Bearish sentimentShort interest | PositiveShort interest is extremely low for MC with fewer than 1% of shares on loan. This could indicate that investors who seek to profit from falling equity prices are not currently targeting MC. Money flowETF/Index ownership | NeutralETF activity is neutral. ETFs that hold MC had net inflows of $1.32 billion over the last one-month. While these are not among the highest inflows of the last year, the rate of inflow is increasing. Economic sentimentPMI by IHS Markit | NegativeAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Financials sector is rising. The rate of growth is weak relative to the trend shown over the past year, however, and is easing. Credit worthinessCredit default swapCDS data is not available for this security.Please send all inquiries related to the report to email@example.com.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
Anyone researching Moelis & Company (NYSE:MC) might want to consider the historical volatility of the share price...
Moelis & Company , a leading global independent investment bank, today announced that Navid Mahmoodzadegan, Co-President, is scheduled to present at the Morgan Stanley Financials Conference on Tuesday, June 11, 2019 at 2:30 p.m.
Moelis (MC) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
The Moelis & Co. founder says the current market volatility from tense U.S.-China relations is impacting large-cap stocks. Investment banker Ken Moelis told CNBC on Friday that it's "almost impossible" to get the boards of U.S. public companies to enter into China deals. Against that backdrop, Moelis expects companies to be more strategic about their business decisions.
European private equity firm Charterhouse said on Friday it had made a cash bid for Tarsus valuing the London-listed media firm at about 561 million pounds. The bid comes as private equity firms are increasingly seeking out listed companies in Europe in so-called take-private deals, where a public company is bought and delisted. Based in Dublin, Tarsus Group has a market value of 383 million pounds and specialises in a wide range of business-to-business media activities including exhibitions and conferences.
LVMH Moet Hennessy Louis Vuitton SE said Friday that it is launching the new Rihanna luxury label this spring. Fenty Maison will include ready-to-wear apparel, shoes and accessories. Rihanna already has a line of makeup, Fenty Beauty; a line of women's underwear, Savage x Fenty; and has had collections with a number of brands including Puma . LVMH shares have gained 29% for the year to date while the S&P 500 index is up 14.5% for the period.
Want to participate in a short research study? Help shape the future of investing tools and you could win a $250 gift card! This article is written for those who want to get better at using price to earnings ratios (P/E ratio...
The New York-based company said it had earnings of 25 cents per share. Earnings, adjusted for non-recurring costs, were 27 cents per share. The results topped Wall Street expectations. The average estimate ...
Moelis & Company Reports First Quarter 2019 Financial Results and Quarterly Dividend of $0.50 Per Share.
Jun.28 -- Ken Moelis, chairman, chief executive officer and founder at Moelis & Company, discusses U.S.-China trade negotiations, Federal Reserve policy, the mergers and acquisitions climate, U.K. assets and doing business in the Gulf. He speaks from the Wharton Global Forum London on "Bloomberg Markets: European Open."
Moelis & Company founder, chairman and CEO Ken Moelis joins CNBC's David Faber for an exclusive interview covering M&A, company outlook and more.