$0.41 Earnings Per Share Expected for LendingClub Co. (NYSE:LC) This Quarter

Wall Street brokerages expect LendingClub Co. (NYSE:LCGet Rating) to report earnings per share of $0.41 for the current fiscal quarter, Zacks reports. Three analysts have made estimates for LendingClub’s earnings. The highest EPS estimate is $0.41 and the lowest is $0.40. LendingClub posted earnings of $0.09 per share in the same quarter last year, which would suggest a positive year over year growth rate of 355.6%. The business is expected to report its next earnings results on Monday, January 1st.

On average, analysts expect that LendingClub will report full-year earnings of $1.58 per share for the current year, with EPS estimates ranging from $1.55 to $1.63. For the next financial year, analysts forecast that the company will report earnings of $2.15 per share, with EPS estimates ranging from $1.50 to $2.50. Zacks’ EPS averages are a mean average based on a survey of sell-side research analysts that that provide coverage for LendingClub.

LendingClub (NYSE:LCGet Rating) last issued its quarterly earnings data on Wednesday, April 27th. The credit services provider reported $0.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.26 by $0.13. LendingClub had a net margin of 10.63% and a return on equity of 26.78%. The firm had revenue of $289.50 million during the quarter, compared to the consensus estimate of $262.43 million. During the same quarter in the previous year, the firm posted ($0.49) EPS. The company’s revenue for the quarter was up 173.6% compared to the same quarter last year.

A number of research firms recently weighed in on LC. Zacks Investment Research upgraded shares of LendingClub from a “sell” rating to a “hold” rating in a research note on Tuesday, April 12th. StockNews.com began coverage on shares of LendingClub in a research note on Thursday, March 31st. They set a “hold” rating on the stock. Janney Montgomery Scott upgraded shares of LendingClub from a “neutral” rating to a “buy” rating and set a $32.00 target price on the stock in a research note on Wednesday, January 12th. Credit Suisse Group lowered their target price on shares of LendingClub from $34.00 to $27.00 and set a “neutral” rating on the stock in a research note on Thursday, January 27th. Finally, Seaport Res Ptn restated a “buy” rating on shares of LendingClub in a research note on Tuesday, January 11th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, LendingClub has a consensus rating of “Buy” and a consensus target price of $38.83.

In other LendingClub news, insider Annie Armstrong sold 3,317 shares of the business’s stock in a transaction on Monday, February 7th. The shares were sold at an average price of $17.37, for a total value of $57,616.29. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Michael P. Zeisser purchased 14,332 shares of the firm’s stock in a transaction on Thursday, February 24th. The stock was bought at an average price of $16.19 per share, for a total transaction of $232,035.08. The disclosure for this purchase can be found here. In the last quarter, insiders sold 28,766 shares of company stock worth $511,804. Corporate insiders own 3.17% of the company’s stock.

Several institutional investors have recently bought and sold shares of the company. Advisor Group Holdings Inc. increased its holdings in shares of LendingClub by 27.2% in the 1st quarter. Advisor Group Holdings Inc. now owns 20,242 shares of the credit services provider’s stock worth $320,000 after buying an additional 4,334 shares during the last quarter. Commonwealth Equity Services LLC increased its holdings in shares of LendingClub by 34.3% in the 1st quarter. Commonwealth Equity Services LLC now owns 413,350 shares of the credit services provider’s stock worth $6,522,000 after buying an additional 105,570 shares during the last quarter. Envestnet Asset Management Inc. bought a new stake in shares of LendingClub in the 1st quarter worth about $241,000. Granite Investment Partners LLC bought a new stake in shares of LendingClub in the 1st quarter worth about $2,767,000. Finally, SG Americas Securities LLC bought a new stake in shares of LendingClub in the 1st quarter worth about $143,000. Hedge funds and other institutional investors own 80.27% of the company’s stock.

Shares of LC stock opened at $16.37 on Thursday. LendingClub has a 1 year low of $11.97 and a 1 year high of $49.21. The firm has a fifty day moving average price of $15.34 and a 200-day moving average price of $23.76. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.29 and a quick ratio of 1.09. The company has a market cap of $1.67 billion, a price-to-earnings ratio of 16.21 and a beta of 1.94.

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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