Houlihan Lokey, Inc. (NYSE:HLI) Expected to Announce Earnings of $1.10 Per Share

Wall Street brokerages forecast that Houlihan Lokey, Inc. (NYSE:HLIGet Rating) will report earnings per share of $1.10 for the current quarter, Zacks Investment Research reports. Four analysts have provided estimates for Houlihan Lokey’s earnings. The lowest EPS estimate is $0.98 and the highest is $1.24. Houlihan Lokey reported earnings of $1.51 per share in the same quarter last year, which suggests a negative year-over-year growth rate of 27.2%. The business is expected to issue its next quarterly earnings report after the market closes on Monday, January 1st.

According to Zacks, analysts expect that Houlihan Lokey will report full year earnings of $6.90 per share for the current fiscal year, with EPS estimates ranging from $6.79 to $7.04. For the next financial year, analysts anticipate that the firm will report earnings of $5.63 per share, with EPS estimates ranging from $5.45 to $6.02. Zacks’ EPS averages are a mean average based on a survey of sell-side research firms that that provide coverage for Houlihan Lokey.

Houlihan Lokey (NYSE:HLIGet Rating) last released its quarterly earnings data on Tuesday, February 8th. The financial services provider reported $2.90 earnings per share for the quarter, beating the consensus estimate of $2.21 by $0.69. The company had revenue of $888.80 million during the quarter, compared to analyst estimates of $664.27 million. Houlihan Lokey had a net margin of 20.52% and a return on equity of 34.96%. Houlihan Lokey’s revenue for the quarter was up 65.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.77 EPS.

A number of analysts have commented on the stock. StockNews.com lowered shares of Houlihan Lokey from a “buy” rating to a “hold” rating in a research note on Friday, April 8th. UBS Group upgraded shares of Houlihan Lokey from a “neutral” rating to a “buy” rating and decreased their price target for the company from $120.00 to $116.00 in a research note on Tuesday, January 4th. Morgan Stanley decreased their price target on shares of Houlihan Lokey from $97.00 to $95.00 and set an “underweight” rating for the company in a research note on Friday, March 25th. Piper Sandler downgraded shares of Houlihan Lokey from a “neutral” rating to an “underweight” rating and cut their price objective for the stock from $92.00 to $76.00 in a report on Thursday, April 7th. Finally, Zacks Investment Research downgraded shares of Houlihan Lokey from a “strong-buy” rating to a “hold” rating in a report on Wednesday, March 23rd. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $105.83.

In other Houlihan Lokey news, Director Paul Andrew Zuber sold 2,000 shares of the company’s stock in a transaction dated Friday, February 25th. The shares were sold at an average price of $103.40, for a total transaction of $206,800.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 26.02% of the stock is owned by corporate insiders.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Whittier Trust Co. increased its position in shares of Houlihan Lokey by 9.8% during the first quarter. Whittier Trust Co. now owns 24,470 shares of the financial services provider’s stock valued at $2,148,000 after buying an additional 2,178 shares during the period. Whittier Trust Co. of Nevada Inc. raised its stake in Houlihan Lokey by 19.3% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 11,531 shares of the financial services provider’s stock valued at $1,012,000 after purchasing an additional 1,866 shares in the last quarter. Park Avenue Securities LLC raised its stake in Houlihan Lokey by 11.3% in the first quarter. Park Avenue Securities LLC now owns 10,279 shares of the financial services provider’s stock valued at $902,000 after purchasing an additional 1,041 shares in the last quarter. FourThought Financial LLC raised its stake in shares of Houlihan Lokey by 2.9% during the first quarter. FourThought Financial LLC now owns 5,592 shares of the financial services provider’s stock worth $491,000 after acquiring an additional 156 shares in the last quarter. Finally, Paragon Advisors LLC raised its stake in shares of Houlihan Lokey by 152.8% during the first quarter. Paragon Advisors LLC now owns 41,020 shares of the financial services provider’s stock worth $3,602,000 after acquiring an additional 24,795 shares in the last quarter. Hedge funds and other institutional investors own 74.31% of the company’s stock.

Shares of HLI stock opened at $83.29 on Monday. The firm has a market capitalization of $5.61 billion, a PE ratio of 12.11 and a beta of 0.64. The firm has a fifty day simple moving average of $91.79 and a two-hundred day simple moving average of $102.49. Houlihan Lokey has a 12 month low of $65.03 and a 12 month high of $122.62.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 15th. Shareholders of record on Wednesday, March 2nd were issued a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a yield of 2.07%. The ex-dividend date of this dividend was Tuesday, March 1st. Houlihan Lokey’s dividend payout ratio (DPR) is presently 25.00%.

Houlihan Lokey Company Profile (Get Rating)

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.

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Earnings History and Estimates for Houlihan Lokey (NYSE:HLI)

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