$0.25 Earnings Per Share Expected for LendingClub Co. (NYSE:LC) This Quarter

Equities analysts forecast that LendingClub Co. (NYSE:LC – Get Rating) will announce earnings of $0.25 per share for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for LendingClub’s earnings. The lowest EPS estimate is $0.24 and the highest is $0.26. LendingClub reported earnings of ($0.49) per share in the same quarter last year, which indicates a positive year over year growth rate of 151%. The company is scheduled to report its next quarterly earnings report after the market closes on Monday, January 1st.

According to Zacks, analysts expect that LendingClub will report full-year earnings of $1.39 per share for the current fiscal year, with EPS estimates ranging from $1.25 to $1.47. For the next year, analysts anticipate that the company will post earnings of $2.25 per share, with EPS estimates ranging from $1.40 to $2.84. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that follow LendingClub.

LendingClub (NYSE:LC – Get Rating) last announced its earnings results on Wednesday, January 26th. The credit services provider reported $0.80 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.21 by $0.59. LendingClub had a net margin of 2.27% and a return on equity of 16.23%. The business had revenue of $262.24 million during the quarter, compared to analysts’ expectations of $247.69 million. During the same quarter in the prior year, the company posted ($0.24) earnings per share.

Several analysts recently issued reports on LC shares. Wedbush dropped their target price on LendingClub from $35.00 to $30.00 in a report on Monday, February 7th. Credit Suisse Group decreased their target price on shares of LendingClub from $34.00 to $27.00 and set a “neutral” rating for the company in a research note on Thursday, January 27th. Janney Montgomery Scott raised shares of LendingClub from a “neutral” rating to a “buy” rating and set a $32.00 price target on the stock in a research report on Wednesday, January 12th. Seaport Res Ptn reissued a “buy” rating on shares of LendingClub in a research report on Tuesday, January 11th. Finally, StockNews.com initiated coverage on shares of LendingClub in a report on Thursday, March 31st. They issued a “hold” rating on the stock. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, LendingClub has an average rating of “Buy” and an average target price of $38.83.

In other LendingClub news, insider Valerie Kay sold 12,688 shares of the stock in a transaction that occurred on Monday, February 28th. The shares were sold at an average price of $18.59, for a total transaction of $235,869.92. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Annie Armstrong sold 3,317 shares of LendingClub stock in a transaction that occurred on Monday, February 7th. The shares were sold at an average price of $17.37, for a total transaction of $57,616.29. The disclosure for this sale can be found here. In the last quarter, insiders sold 26,739 shares of company stock worth $477,345. 4.48% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Point72 Hong Kong Ltd acquired a new position in LendingClub during the fourth quarter valued at approximately $27,000. Spire Wealth Management increased its stake in shares of LendingClub by 107.8% in the 3rd quarter. Spire Wealth Management now owns 1,195 shares of the credit services provider’s stock valued at $34,000 after purchasing an additional 620 shares during the last quarter. Emerald Advisers LLC acquired a new position in shares of LendingClub during the 4th quarter worth $87,000. Daiwa Securities Group Inc. bought a new stake in shares of LendingClub during the 3rd quarter worth $119,000. Finally, Virginia Retirement Systems ET AL acquired a new stake in shares of LendingClub in the 3rd quarter valued at approximately $203,000. 77.36% of the stock is owned by hedge funds and other institutional investors.

LendingClub stock opened at $14.02 on Thursday. The company has a market cap of $1.42 billion, a price-to-earnings ratio of 107.85 and a beta of 2.07. The firm has a 50-day moving average of $16.37 and a 200-day moving average of $25.21. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.29 and a quick ratio of 1.09. LendingClub has a one year low of $11.97 and a one year high of $49.21.

About LendingClub (Get Rating)

LendingClub Corporation, operates as a bank holding company for LendingClub Bank, National Association that provides range of financial products and services through a technology-driven platform in the United States. The company provides commercial and industrial, commercial real estate, small business, and equipment loans, as well as leases equipment; and unsecured personal and auto, patient finance, and education finance loans.

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