Houlihan Lokey (HLI) to Release Quarterly Earnings on Thursday

Houlihan Lokey (NYSE:HLIGet Rating) will issue its quarterly earnings data after the market closes on Thursday, May 12th. Analysts expect the company to announce earnings of $1.10 per share for the quarter. Investors interested in registering for the company’s conference call can do so using this link.

Houlihan Lokey (NYSE:HLIGet Rating) last announced its quarterly earnings data on Tuesday, February 8th. The financial services provider reported $2.90 EPS for the quarter, beating the consensus estimate of $2.21 by $0.69. Houlihan Lokey had a net margin of 20.52% and a return on equity of 34.96%. The business had revenue of $888.80 million during the quarter, compared to the consensus estimate of $664.27 million. During the same period in the previous year, the business earned $1.77 earnings per share. The company’s revenue was up 65.2% on a year-over-year basis. On average, analysts expect Houlihan Lokey to post $7 EPS for the current fiscal year and $6 EPS for the next fiscal year.

Shares of HLI opened at $85.99 on Thursday. Houlihan Lokey has a one year low of $65.03 and a one year high of $122.62. The company has a market cap of $5.79 billion, a P/E ratio of 12.50 and a beta of 0.65. The firm has a 50 day simple moving average of $90.78 and a two-hundred day simple moving average of $102.18.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 15th. Shareholders of record on Wednesday, March 2nd were given a dividend of $0.43 per share. The ex-dividend date was Tuesday, March 1st. This represents a $1.72 annualized dividend and a yield of 2.00%. Houlihan Lokey’s dividend payout ratio is currently 25.00%.

Several research analysts have commented on HLI shares. The Goldman Sachs Group lowered their price objective on shares of Houlihan Lokey from $127.00 to $111.00 and set a “buy” rating for the company in a research report on Tuesday, April 12th. StockNews.com downgraded shares of Houlihan Lokey from a “buy” rating to a “hold” rating in a report on Friday, April 8th. Zacks Investment Research downgraded shares of Houlihan Lokey from a “strong-buy” rating to a “hold” rating in a report on Wednesday, March 23rd. Piper Sandler downgraded shares of Houlihan Lokey from a “neutral” rating to an “underweight” rating and lowered their price target for the stock from $92.00 to $76.00 in a report on Thursday, April 7th. Finally, Morgan Stanley lowered their price target on shares of Houlihan Lokey from $97.00 to $95.00 and set an “underweight” rating for the company in a report on Friday, March 25th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $105.83.

In related news, Director Paul Andrew Zuber sold 1,000 shares of the business’s stock in a transaction on Monday, February 14th. The shares were sold at an average price of $109.91, for a total value of $109,910.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 26.02% of the company’s stock.

Several institutional investors have recently modified their holdings of the stock. Parametric Portfolio Associates LLC grew its stake in shares of Houlihan Lokey by 3.7% in the fourth quarter. Parametric Portfolio Associates LLC now owns 173,075 shares of the financial services provider’s stock worth $17,917,000 after purchasing an additional 6,183 shares during the last quarter. Invesco Ltd. grew its stake in shares of Houlihan Lokey by 8.8% in the fourth quarter. Invesco Ltd. now owns 82,968 shares of the financial services provider’s stock worth $8,590,000 after purchasing an additional 6,719 shares during the last quarter. California State Teachers Retirement System grew its stake in shares of Houlihan Lokey by 1.4% in the fourth quarter. California State Teachers Retirement System now owns 70,690 shares of the financial services provider’s stock worth $7,318,000 after purchasing an additional 991 shares during the last quarter. Deutsche Bank AG grew its stake in shares of Houlihan Lokey by 49.4% in the fourth quarter. Deutsche Bank AG now owns 67,846 shares of the financial services provider’s stock worth $7,024,000 after purchasing an additional 22,425 shares during the last quarter. Finally, Barclays PLC boosted its position in Houlihan Lokey by 146.7% during the fourth quarter. Barclays PLC now owns 65,211 shares of the financial services provider’s stock valued at $6,750,000 after acquiring an additional 38,781 shares during the last quarter. 74.34% of the stock is currently owned by institutional investors.

About Houlihan Lokey (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 for Houlihan Lokey (NYSE:HLI)

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