Houlihan Lokey (HLI) Expected to Announce Quarterly Earnings on Tuesday

Houlihan Lokey (NYSE:HLI) is projected to post its quarterly earnings results before the market opens on Tuesday, January 28th. Analysts expect Houlihan Lokey to post earnings of $1.51 per share and revenue of $603,150.10 billion for the quarter. Individual interested in registering for the company’s earnings conference call can do so using this link.

Houlihan Lokey (NYSE:HLI) last released its quarterly earnings results on Wednesday, October 30th. The financial services provider reported $1.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.31 by $0.15. The business had revenue of $574.96 million for the quarter, compared to analyst estimates of $537.93 million. Houlihan Lokey had a net margin of 15.77% and a return on equity of 19.29%. The business’s revenue for the quarter was up 23.1% on a year-over-year basis. During the same period in the previous year, the company earned $1.11 earnings per share. 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 Price Performance

Houlihan Lokey stock opened at $186.08 on Friday. Houlihan Lokey has a 1-year low of $119.28 and a 1-year high of $192.10. The business has a fifty day moving average price of $179.32 and a 200-day moving average price of $165.80. The stock has a market capitalization of $12.93 billion, a price-to-earnings ratio of 38.05 and a beta of 0.69.

Houlihan Lokey Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Sunday, December 15th. Investors of record on Monday, December 2nd were paid a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a yield of 1.23%. The ex-dividend date was Monday, December 2nd. Houlihan Lokey’s dividend payout ratio (DPR) is presently 46.63%.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Keefe, Bruyette & Woods dropped their price objective on shares of Houlihan Lokey from $172.00 to $170.00 and set a “market perform” rating on the stock in a report on Monday, January 13th. UBS Group upped their price target on shares of Houlihan Lokey from $170.00 to $190.00 and gave the company a “buy” rating in a report on Tuesday, October 8th. StockNews.com lowered Houlihan Lokey from a “buy” rating to a “hold” rating in a research note on Wednesday, November 20th. Wells Fargo & Company lowered their target price on Houlihan Lokey from $180.00 to $178.00 and set an “underweight” rating on the stock in a research note on Tuesday, January 14th. Finally, Morgan Stanley cut Houlihan Lokey from an “equal weight” rating to an “underweight” rating and lifted their price target for the company from $171.00 to $200.00 in a research report on Monday, December 9th. Two equities research analysts have 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, Houlihan Lokey currently has a consensus rating of “Hold” and an average price target of $173.40.

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.