PJT Partners Inc
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.
It is unclear who else remains interested in acquiring Personal Capital, now that JPMorgan has withdrawn
Today is shaping up negative for Moelis & Company (NYSE:MC) shareholders, with the analysts delivering a substantial...
(Bloomberg) -- CBL & Associates Properties Inc. hired Moelis & Co. and Weil Gotshal & Manges as it seeks advice on strategic and financing options including restructuring, according to people with knowledge of the matter.The owner of shopping malls is exploring ways to recapitalize including an exchange offer, in which senior holders of unsecured debt swap their investments for secured debt, said one of the people, who requested anonymity because the matter is private. The Chattanooga, Tennessee-based company may also discuss a Chapter 11 bankruptcy filing as a last resort, some of the people said.A group of CBL’s creditors has hired advisers including PJT Partners Inc. and Akin Gump Strauss Hauer & Feld, some of the people said. Calls for comment to CBL, Weil and Akin weren’t immediately returned. Representatives for Moelis and PJT declined to comment.The real estate investment trust’s shares fell as much as 11% Tuesday morning. They have dropped 68% this year, cutting the company’s market capitalization to $63 million.CBL operates more than 100 properties across 26 states, most of which are so-called Class B malls, and has been hurt in part by the closures of retailers including Forever 21. Its top tenants based on revenue at year-end included L Brands Inc., Signet Jewelers Ltd., Foot Locker Inc., a unit of American Eagle Outfitters Inc., Dick’s Sporting Goods Inc. and Ascena Retail Group Inc., filings show.CBL said this month that it was taking actions to offset the anticipated impacts of the Covid-19 pandemic on revenue and cash flow. Chairman Charles Lebovitz, Chief Executive Officer Stephen Lebovitz, President Michael Lebovitz and independent directors agreed to reduce their salaries and fees by 50%.The company, which is scheduled to report first-quarter results on May 4, has withdrawn 2020 earnings guidance and discontinued its dividend. Fitch downgraded the company’s long-term rating and said it expects “that an event of default or an exchange/restructuring of existing debt is probable within 12 months.”CBL’s bonds maturing in 2026 last traded at about 26 cents on the dollar, according to data from Trace.(Updates with share price in fourth paragraph.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Moelis & Company Reports First Quarter 2020 Financial Results; Quarterly Dividend of $0.255 Per Share
Could Moelis & Company (NYSE:MC) be an attractive dividend share to own for the long haul? Investors are often drawn...
NEW YORK, NY / ACCESSWIRE / April 22, 2020 / Moelis & Co. (NYSE:MC) will be discussing their earnings results in their 2020 First Quarter Earnings call to be held on April 22, 2020 at 5:00 PM Eastern Time. ...
Ulta Beauty, Lululemon Athletica and Abercrombie & Fitch are some of the retailers that analysts say will bounce back from the coronavirus pandemic.
Moelis (MC) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
Moelis & Company (MC) records an improvement in revenues in the first quarter of 2020. However, higher expenses hurt results to some extent.
(Bloomberg) -- Colony Capital Inc. has hired Moelis & Co. to explore options for its hotel holdings as it migrates its focus from traditional commercial real estate to digital properties such as data centers, according to people with knowledge of the matter.Colony is weighing alternatives for its portfolio of select-service, extended stay and full-service hotels, said the people, who requested anonymity discussing a private matter.Los Angles-based Colony disclosed information about its lodging holdings on Friday “to enhance visibility and transparency” as it evaluates strategic options. Earlier this month, the real estate investment trust said it was working with an external adviser to “evaluate strategic and financial alternatives to maximize the value of its hospitality assets.”Representatives for Colony and Moelis declined to comment.With travel mostly halted, hotels have been hit harder than other real estate sectors during the shelter-at-home orders imposed in response to the coronavirus pandemic. Approximately 35% of hospitality commercial mortgage backed securities were delinquent in May, according to the Commercial Real Estate Finance Council.The company said its hotel properties are held in seven separate portfolios and that the associated debt has no recourse to Colony itself. One portfolio, for instance, includes some 6,400 rooms across 48 properties that operate under brands including Courtyard by Marriott and Hilton Garden Inn. Another has almost 8,600 rooms across 89 properties that are mostly flagged by Marriott and Hilton.The REIT said it doesn’t “anticipate allocating material amounts of its own capital to these hospitality portfolios.” It added that the disclosure on Friday improves its ability to “explore potential transactions involving portions of its hospitality borrowings, including transacting in the borrowings either directly or through joint ventures or other collaborative efforts with third party capital sources.”Colony also said it remains in “active negotiations” with lenders and servicers to seek forbearance and debt modifications to protect the value of its lodging holdings.The REIT’s founder Tom Barrack plans to step down as chief executive officer later this summer. Colony’s stock has fallen more than 50% this year, worse than the roughly 18% decline for Bloomberg U.S. REIT index.Separately, a $145 million loan owned by Colony Credit Real Estate Inc., in which Colony Capital is the largest shareholder, is on the block, according to people familiar with the matter and a marketing document seen by Bloomberg. The loan is on the Fairmont Grand Del Mar, a luxury resort near San Diego, the document shows.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Moelis (MC) delivered earnings and revenue surprises of 21.62% and -4.36%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?
Moelis & Co (NYSE:MC) reported Q1 results.Quarterly Results Earnings per share were flat year over year to $0.27, which missed the estimate of $0.34.Revenue of $153,706,000 rose by 11.56% from the same period last year, which beat the estimate of $150,290,000.Details Of The Call Date: Apr 22, 2020View more earnings on MCWebcast URL: https://78449.choruscall.com/dataconf/productusers/mc/mediaframe/37142/indexr.htmlTechnicals 52-week high was at $42.3952-week low: $22.11Price action over last quarter: down 22.53%Company Profile Moelis & Company is a global independent investment bank that provides innovative, unconflicted strategic advice to a diverse client base. It serves client such as corporations, governments and financial sponsors. The firms objective is to offer a range of advisory services with expertise across all major industries in mergers and acquisitions, recapitalizations and restructurings and other corporate finance matters. Business is primarily operated through geographical region of United States, Europe and Internationally in which most of the clients are located of which United States accounts for major share of revenue.See more from Benzinga * Netgear: Q1 Earnings Insights * Recap: Echo Global Logistics Q1 Earnings * Recap: TD Ameritrade Holding Q2 Earnings(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
As an investor its worth striving to ensure your overall portfolio beats the market average. But in any portfolio...
Moelis & Company will release its first quarter 2020 financial results after the market closes on Wednesday, April 22, 2020.
European stocks fell sharply on Friday, on investor concerns over tensions between the U.S. and China, as well as between Beijing and Hong Kong. The Stoxx Europe 600 index fell 1.2%, the German DAX fell 1.4% and the FTSE 100 index dropped 1.8%. Data in the U.K. showed a record slump in retail sales due to the coronavirus lockdown. Risk-off sentiment was spreading across assets with Dow futures down over 200 points and crude prices down close to 6%. Hong Kong stocks fell 5% on news that China's ceremonial parliament is mulling a security law in the former British colony. Banks were among the big decliners, with HSBC Holdings PLC sliding 5%, while luxury goods makers such as LVMH Moet Hennessey Louis Vuitton SE fell 2.5%.
European stocks slipped in early trade on Monday, with modest losses across the Continent. Two companies that warned over the impact of COVID-19, chip equipment maker ASML and luxury-goods product firm LVMH , both advanced. ABN Amro however slumped 7% as it scrapped its dividend, after the European Central Bank called for payouts to be halted until October, and other banks also dropped. Light sweet crude oil futures slumped over 4% to $20.60 a barrel, and the euro fell vs. the dollar.
Coronavirus is probably the 1 concern in investors' minds right now. It should be. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW. We predicted that a US recession is imminent and US stocks will go down by at least 20% in the next 3-6 […]
Q1 2020 Moelis & Co Earnings Call