LPL Financial (LPLA) to Release Earnings on Thursday

LPL Financial (NASDAQ:LPLA) is anticipated to release its earnings data after the market closes on Thursday, January 30th. Analysts expect LPL Financial to post earnings of $4.01 per share and revenue of $3,233,930.00 billion for the quarter. Individual that are interested in registering for the company’s earnings conference call can do so using this link.

LPL Financial (NASDAQ:LPLA) last announced its earnings results on Wednesday, October 30th. The financial services provider reported $4.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.69 by $0.47. LPL Financial had a return on equity of 49.47% and a net margin of 8.73%. The company had revenue of $3.11 billion for the quarter, compared to analysts’ expectations of $3.04 billion. During the same quarter in the previous year, the firm earned $3.74 earnings per share. LPL Financial’s quarterly revenue was up 6.0% on a year-over-year basis. On average, analysts expect LPL Financial to post $16 EPS for the current fiscal year and $19 EPS for the next fiscal year.

LPL Financial Trading Up 1.8 %

Shares of LPLA stock opened at $356.79 on Thursday. LPL Financial has a 52-week low of $187.19 and a 52-week high of $361.63. The company has a 50-day simple moving average of $329.74 and a two-hundred day simple moving average of $269.38. The company has a debt-to-equity ratio of 1.60, a quick ratio of 2.16 and a current ratio of 2.16. The company has a market capitalization of $26.72 billion, a price-to-earnings ratio of 26.83, a PEG ratio of 1.07 and a beta of 0.87.

LPL Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Thursday, November 14th were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 0.34%. The ex-dividend date of this dividend was Thursday, November 14th. LPL Financial’s dividend payout ratio is currently 9.02%.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on LPLA. Barclays raised their target price on shares of LPL Financial from $378.00 to $379.00 and gave the company an “overweight” rating in a research note on Monday, January 13th. JPMorgan Chase & Co. raised LPL Financial from a “neutral” rating to an “overweight” rating and increased their target price for the company from $288.00 to $397.00 in a research note on Tuesday, January 7th. Morgan Stanley lifted their price target on LPL Financial from $303.00 to $309.00 and gave the stock an “overweight” rating in a research note on Thursday, October 17th. TD Cowen upgraded LPL Financial from a “hold” rating to a “buy” rating and increased their price objective for the company from $277.00 to $413.00 in a research report on Thursday, December 19th. Finally, Keefe, Bruyette & Woods boosted their target price on LPL Financial from $325.00 to $390.00 and gave the stock an “outperform” rating in a research report on Friday, December 20th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $351.50.

Insider Buying and Selling

In other news, Director Aneri Jambusaria sold 305 shares of the stock in a transaction on Thursday, December 5th. The shares were sold at an average price of $331.94, for a total value of $101,241.70. Following the sale, the director now owns 3,920 shares of the company’s stock, valued at approximately $1,301,204.80. This represents a 7.22 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.00% of the stock is owned by company insiders.

LPL Financial Company Profile

LPL Financial Holdings Inc, together with its subsidiaries, provides an integrated platform of brokerage and investment advisory services to independent financial advisors and financial advisors at enterprises in the United States. Its brokerage offerings include variable and fixed annuities, mutual funds, equities, fixed income, alternative investments, retirement and 529 education savings plans, and insurance.