Houlihan Lokey, Inc. (NYSE:HLI) to Post Q4 2024 Earnings of $1.20 Per Share, Seaport Res Ptn Forecasts

Houlihan Lokey, Inc. (NYSE:HLI) – Equities research analysts at Seaport Res Ptn lifted their Q4 2024 earnings estimates for shares of Houlihan Lokey in a research report issued to clients and investors on Wednesday, April 10th. Seaport Res Ptn analyst J. Mitchell now forecasts that the financial services provider will earn $1.20 per share for the quarter, up from their previous forecast of $1.08. The consensus estimate for Houlihan Lokey’s current full-year earnings is $4.42 per share.

Houlihan Lokey (NYSE:HLI) last posted its quarterly earnings data on Thursday, February 1st. The financial services provider reported $1.22 earnings per share for the quarter, topping analysts’ consensus estimates of $1.12 by $0.10. The firm had revenue of $511.30 million during the quarter, compared to analysts’ expectations of $493.02 million. Houlihan Lokey had a net margin of 14.90% and a return on equity of 18.06%. The firm’s quarterly revenue was up 12.0% on a year-over-year basis. During the same quarter last year, the company posted $1.14 EPS.

Several other equities research analysts have also commented on HLI. UBS Group lifted their price target on shares of Houlihan Lokey from $136.00 to $142.00 and gave the stock a “buy” rating in a research note on Friday, February 2nd. Keefe, Bruyette & Woods reiterated a “market perform” rating and set a $127.00 price target on shares of Houlihan Lokey in a research note on Monday, January 29th. Finally, JMP Securities reiterated a “market perform” rating on shares of Houlihan Lokey in a research note on Tuesday.

Houlihan Lokey Trading Down 1.7 %

Shares of HLI opened at $125.07 on Friday. Houlihan Lokey has a twelve month low of $84.89 and a twelve month high of $133.80. The firm’s fifty day simple moving average is $127.26 and its 200-day simple moving average is $116.77. The firm has a market capitalization of $8.64 billion, a price-to-earnings ratio of 31.03 and a beta of 0.68.

Institutional Trading of Houlihan Lokey

Institutional investors have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. lifted its holdings in shares of Houlihan Lokey by 16.8% in the first quarter. JPMorgan Chase & Co. now owns 117,793 shares of the financial services provider’s stock valued at $10,342,000 after purchasing an additional 16,957 shares in the last quarter. American Century Companies Inc. lifted its holdings in shares of Houlihan Lokey by 57.5% in the first quarter. American Century Companies Inc. now owns 18,165 shares of the financial services provider’s stock valued at $1,595,000 after purchasing an additional 6,633 shares in the last quarter. Bank of Montreal Can lifted its holdings in shares of Houlihan Lokey by 6.0% in the first quarter. Bank of Montreal Can now owns 18,962 shares of the financial services provider’s stock valued at $1,777,000 after purchasing an additional 1,078 shares in the last quarter. MetLife Investment Management LLC lifted its holdings in shares of Houlihan Lokey by 54.8% in the first quarter. MetLife Investment Management LLC now owns 27,261 shares of the financial services provider’s stock valued at $2,394,000 after purchasing an additional 9,655 shares in the last quarter. Finally, Panagora Asset Management Inc. purchased a new stake in shares of Houlihan Lokey in the first quarter valued at about $1,135,000. Hedge funds and other institutional investors own 78.07% of the company’s stock.

Insider Activity

In related news, General Counsel Christopher M. Crain sold 1,000 shares of the business’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $128.94, for a total transaction of $128,940.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 25.97% of the company’s stock.

Houlihan Lokey Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were issued a $0.55 dividend. This represents a $2.20 annualized dividend and a dividend yield of 1.76%. The ex-dividend date was Thursday, February 29th. Houlihan Lokey’s payout ratio is 54.59%.

About Houlihan Lokey

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.