Ayr Wellness clears ‘cloud' over company with moves to strengthen balance sheet [MarketWatch]
Moelis & Company Class A (MC)
Last moelis & company class a earnings: 4/22 04:15 pm
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Source: MarketWatch
Ayr Wellness Inc. is rallying for a second straight day on Wednesday after posting first-quarter results that included positive moves on its balance sheet, stronger-than-expected revenue and a 200-person reduction in head count. Ayr Wellness's AYRWF, stock is up 18% to $1.18 in its first trading day holding above $1 a share since early March. The company reported an adjusted first-quarter loss of 13 cents a share, ahead of the average analyst estimate for a loss of 38 cents a share, according to estimates compiled by First Call. Ayr Wellness's first-quarter revenue rose 3% from the fourth quarter, to $117.67 million, below the target of $124.9 million. The company also managed to build up its cash by $20 million while focusing on cost-cutting and expanding in new markets. Ayr also boosted its liquidity by reaching agreements with the sellers for amendments to contingent consideration for its acquisitions of Garden State Dispensary in New Jersey and Sira Naturals in Massachu
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News
- Moelis & Company (NYSE: MC) had its price target raised by analysts at UBS Group AG from $45.00 to $47.00. They now have a "sell" rating on the stock.MarketBeat
- Moelis & Company (NYSE: MC) had its "market perform" rating re-affirmed by analysts at Keefe, Bruyette & Woods. They now have a $54.00 price target on the stock, down previously from $58.00.MarketBeat
- Moelis & Company's (MC) Q1 Earnings Top as Revenues Rise Y/Y [Yahoo! Finance]Yahoo! Finance
- Moelis & Company Reports First Quarter 2024 Financial Results; Declares Regular Quarterly Dividend of $0.60 Per Share [Yahoo! Finance]Yahoo! Finance
- Moelis & Company Reports First Quarter 2024 Financial Results; Declares Regular Quarterly Dividend of $0.60 Per ShareBusiness Wire
MC
Earnings
- 4/24/24 - Beat
MC
Sec Filings
- 4/25/24 - Form DEFA14A
- 4/25/24 - Form DEF
- 4/25/24 - Form 10-Q
- MC's page on the SEC website