Houlihan Lokey (HLI) to Release Earnings on Wednesday

Houlihan Lokey (NYSE:HLI - Get Free Report) is scheduled to be posting its quarterly earnings results after the market closes on Wednesday, October 30th. Analysts expect Houlihan Lokey to post earnings of $1.31 per share for the quarter. Individual that are interested in participating in the company's earnings conference call can do so using this link.

Houlihan Lokey (NYSE:HLI - Get Free Report) last announced its quarterly earnings data on Tuesday, July 30th. The financial services provider reported $1.22 EPS for the quarter, meeting analysts' consensus estimates of $1.22. Houlihan Lokey had a net margin of 15.30% and a return on equity of 18.80%. The company had revenue of $514.00 million during the quarter, compared to the consensus estimate of $508.70 million. During the same quarter last year, the firm posted $0.89 EPS. The company's quarterly revenue was up 23.6% on a year-over-year basis. On average, analysts expect Houlihan Lokey to post $6 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Houlihan Lokey Stock Performance

Houlihan Lokey stock opened at $169.60 on Wednesday. The stock has a 50-day simple moving average of $158.47 and a 200 day simple moving average of $143.56. The stock has a market capitalization of $11.63 billion, a P/E ratio of 41.27 and a beta of 0.66. Houlihan Lokey has a 52 week low of $94.67 and a 52 week high of $175.21.

Houlihan Lokey Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Sunday, September 15th. Stockholders of record on Tuesday, September 3rd were paid a dividend of $0.57 per share. The ex-dividend date was Tuesday, September 3rd. This represents a $2.28 annualized dividend and a dividend yield of 1.34%. Houlihan Lokey's dividend payout ratio is currently 55.47%.

Insider Buying and Selling

In other news, Chairman Scott L. Beiser sold 8,317 shares of the company's stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $151.89, for a total transaction of $1,263,269.13. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Chairman Scott L. Beiser sold 8,317 shares of the firm's stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $151.89, for a total value of $1,263,269.13. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Gillian Beth Zucker sold 200 shares of the company's stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $152.49, for a total transaction of $30,498.00. Following the transaction, the director now owns 7,001 shares of the company's stock, valued at approximately $1,067,582.49. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 9,917 shares of company stock valued at $1,513,129 over the last quarter. 25.97% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. Wells Fargo & Company began coverage on Houlihan Lokey in a report on Thursday, September 12th. They set an "underweight" rating and a $149.00 price target for the company. JPMorgan Chase & Co. decreased their price target on shares of Houlihan Lokey from $132.00 to $129.00 and set a "neutral" rating on the stock in a research note on Wednesday, July 31st. Morgan Stanley upped their target price on Houlihan Lokey from $146.00 to $163.00 and gave the company an "equal weight" rating in a research report on Monday, September 23rd. Keefe, Bruyette & Woods reaffirmed a "market perform" rating and issued a $154.00 price objective (up from $139.00) on shares of Houlihan Lokey in a report on Wednesday, July 31st. Finally, UBS Group lifted their target price on Houlihan Lokey from $170.00 to $190.00 and gave the stock a "buy" rating in a report on Tuesday, October 8th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $157.00.

Houlihan Lokey Company Profile

Houlihan Lokey, Inc, an investment banking company, provides merger and acquisition (M&A), capital market, financial restructuring, and financial and valuation advisory services worldwide. It operates in three segments: Corporate Finance, Financial Restructuring, and Financial and Valuation Advisory.