Springleaf Holdings Trading Up 9.4% Following Earnings Beat (LEAF)
Shares of Springleaf Holdings (NASDAQ:LEAF) were up 9.4% during trading on Friday after the company announced better than expected quarterly earnings, ARN reports. The stock traded as high as $32.59 and last traded at $32.43, with a volume of 452,704 shares changing hands. The stock had previously closed at $29.65.
The company reported $0.52 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.45 by $0.07.
A number of analysts have recently weighed in on LEAF shares. Analysts at Macquarie initiated coverage on shares of Springleaf Holdings in a research note on Wednesday, July 9th. They set a “neutral” rating and a $30.00 price target on the stock. Separately, analysts at Sterne Agee downgraded shares of Springleaf Holdings from a “buy” rating to a “neutral” rating in a research note on Thursday, June 12th. They now have a $28.00 price target on the stock, down previously from $30.00. They noted that the move was a valuation call. Finally, analysts at Stephens reiterated an “overweight” rating on shares of Springleaf Holdings in a research note on Thursday, May 15th. They now have a $28.00 price target on the stock, down previously from $29.00. One analyst has rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $28.89.
The stock’s 50-day moving average is $26.3 and its 200-day moving average is $25.29. The company has a market cap of $3.796 billion and a P/E ratio of 74.50.
Springleaf Holdings, Inc (NASDAQ:LEAF) is a consumer finance company providing loan products to customers through it’s nationwide branch network and through iLoan, it’s Internet lending division.
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