Equities research analysts expect LPL Financial Holdings Inc (NASDAQ:LPLA) to announce $1.12 billion in sales for the current quarter, Zacks reports. Four analysts have made estimates for LPL Financial’s earnings, with estimates ranging from $1.10 billion to $1.17 billion. LPL Financial reported sales of $1.01 billion during the same quarter last year, which would suggest a positive year over year growth rate of 10.9%. The company is expected to issue its next earnings report on Thursday, February 8th.

According to Zacks, analysts expect that LPL Financial will report full-year sales of $1.12 billion for the current financial year, with estimates ranging from $4.20 billion to $4.34 billion. For the next year, analysts expect that the company will post sales of $5.02 billion per share, with estimates ranging from $4.89 billion to $5.13 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of analysts that that provide coverage for LPL Financial.

LPL Financial (NASDAQ:LPLA) last announced its quarterly earnings data on Thursday, October 26th. The financial services provider reported $0.63 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.60 by $0.03. LPL Financial had a return on equity of 26.03% and a net margin of 5.19%. The firm had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.08 billion. During the same quarter in the previous year, the company posted $0.58 earnings per share. The business’s revenue was up 4.6% on a year-over-year basis.

Several research firms recently commented on LPLA. Credit Suisse Group assumed coverage on LPL Financial in a research report on Thursday, November 30th. They set an “outperform” rating and a $68.00 price objective on the stock. Citigroup raised their price objective on LPL Financial from $63.00 to $65.00 and gave the stock a “buy” rating in a research note on Friday, November 10th. Nomura lifted their target price on LPL Financial from $64.00 to $65.00 and gave the company a “buy” rating in a research note on Thursday, November 9th. Zacks Investment Research downgraded LPL Financial from a “hold” rating to a “sell” rating in a research note on Wednesday, November 8th. Finally, J P Morgan Chase & Co raised their price target on LPL Financial from $52.00 to $53.00 and gave the company a “neutral” rating in a report on Monday, October 30th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $54.55.

In related news, CEO Dan H. Arnold sold 3,742 shares of the company’s stock in a transaction dated Wednesday, November 15th. The stock was sold at an average price of $48.54, for a total value of $181,636.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 4.00% of the stock is owned by corporate insiders.

Several large investors have recently bought and sold shares of LPLA. Janus Henderson Group PLC purchased a new position in shares of LPL Financial during the second quarter worth $399,202,000. Vanguard Group Inc. boosted its position in shares of LPL Financial by 10.4% during the second quarter. Vanguard Group Inc. now owns 8,779,510 shares of the financial services provider’s stock worth $372,778,000 after buying an additional 827,372 shares during the period. BlackRock Inc. boosted its position in shares of LPL Financial by 1.3% during the second quarter. BlackRock Inc. now owns 3,558,615 shares of the financial services provider’s stock worth $151,098,000 after buying an additional 46,013 shares during the period. Samlyn Capital LLC boosted its position in shares of LPL Financial by 55.6% during the second quarter. Samlyn Capital LLC now owns 1,480,439 shares of the financial services provider’s stock worth $62,860,000 after buying an additional 528,780 shares during the period. Finally, Dimensional Fund Advisors LP boosted its position in shares of LPL Financial by 3.0% during the second quarter. Dimensional Fund Advisors LP now owns 1,456,934 shares of the financial services provider’s stock worth $61,860,000 after buying an additional 42,820 shares during the period. 90.33% of the stock is owned by hedge funds and other institutional investors.

LPL Financial (NASDAQ:LPLA) traded down $0.43 during midday trading on Thursday, hitting $53.47. The stock had a trading volume of 598,500 shares, compared to its average volume of 718,061. The company has a debt-to-equity ratio of 2.54, a quick ratio of 1.48 and a current ratio of 1.48. LPL Financial has a 52-week low of $34.01 and a 52-week high of $55.39. The stock has a market capitalization of $4,861.25, a PE ratio of 21.65, a P/E/G ratio of 1.80 and a beta of 1.88.

The company also recently declared a quarterly dividend, which was paid on Monday, November 27th. Shareholders of record on Thursday, November 9th were paid a dividend of $0.25 per share. The ex-dividend date was Wednesday, November 8th. This represents a $1.00 annualized dividend and a yield of 1.87%. LPL Financial’s payout ratio is presently 42.55%.

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LPL Financial Company Profile

LPL Financial Holdings Inc is a broker-dealer, a custodian for registered investment advisors and an independent consultant to retirement plans. The Company provides a platform of brokerage and investment advisory services to independent financial advisors, including financial advisors at financial institutions across the country.

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Earnings History and Estimates for LPL Financial (NASDAQ:LPLA)

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