Houlihan Lokey, Inc. (HLI) Scheduled to Post Quarterly Earnings on Monday
Houlihan Lokey, Inc. (NYSE:HLI) is scheduled to be issuing its quarterly earnings data after the market closes on Monday, October 30th.
Houlihan Lokey (NYSE:HLI) last announced its earnings results on Tuesday, July 25th. The financial services provider reported $0.50 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.44 by $0.06. Houlihan Lokey had a return on equity of 18.63% and a net margin of 14.10%. The firm had revenue of $217.00 million for the quarter, compared to analysts’ expectations of $203.21 million. During the same quarter in the previous year, the company earned $0.35 earnings per share. The firm’s quarterly revenue was up 19.9% compared to the same quarter last year. On average, analysts expect Houlihan Lokey to post $2.02 EPS for the current fiscal year and $2.17 EPS for the next fiscal year.
Shares of Houlihan Lokey, Inc. (NYSE HLI) traded down 0.82% during midday trading on Monday, reaching $41.22. The company had a trading volume of 8,146 shares. The company has a market capitalization of $2.76 billion, a P/E ratio of 21.37 and a beta of 0.36. The firm’s 50 day moving average price is $38.42 and its 200-day moving average price is $35.78. Houlihan Lokey, Inc. has a 12 month low of $23.19 and a 12 month high of $41.78.
In other Houlihan Lokey news, major shareholder Orix Hlhz Holding Llc sold 686,760 shares of the stock in a transaction on Thursday, September 14th. The shares were sold at an average price of $36.26, for a total value of $24,901,917.60. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 69.70% of the company’s stock.
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A number of brokerages have issued reports on HLI. ValuEngine raised shares of Houlihan Lokey from a “hold” rating to a “buy” rating in a research note on Friday, September 15th. J P Morgan Chase & Co began coverage on shares of Houlihan Lokey in a research note on Tuesday, September 12th. They issued an “overweight” rating and a $42.00 price objective on the stock. Zacks Investment Research raised shares of Houlihan Lokey from a “sell” rating to a “hold” rating and set a $41.00 price objective on the stock in a research note on Wednesday, July 12th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $40.00 price objective on shares of Houlihan Lokey in a research note on Sunday, August 27th. Finally, BidaskClub cut shares of Houlihan Lokey from a “buy” rating to a “hold” rating in a research note on Thursday, August 10th. One equities research analyst has rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Houlihan Lokey has an average rating of “Buy” and a consensus target price of $40.50.
About Houlihan Lokey
Houlihan Lokey, Inc is a global independent investment bank that focuses on mergers and acquisitions (M&A), capital markets, financial restructuring, valuation, and strategic consulting. The Company operates through four segments: Corporate Finance, Financial Restructuring, Financial Advisory Services and Strategic Consulting.
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