Analysts expect that Houlihan Lokey, Inc. (NYSE:HLI – Get Rating) will announce earnings of $0.97 per share for the current quarter, according to Zacks Investment Research. Four analysts have made estimates for Houlihan Lokey’s earnings, with the lowest EPS estimate coming in at $0.94 and the highest estimate coming in at $0.99. Houlihan Lokey reported earnings of $1.19 per share during the same quarter last year, which would indicate a negative year-over-year growth rate of 18.5%. The company is expected to issue its next quarterly earnings report on Monday, January 1st.
According to Zacks, analysts expect that Houlihan Lokey will report full year earnings of $5.68 per share for the current fiscal year, with EPS estimates ranging from $5.45 to $6.01. For the next fiscal year, analysts forecast that the business will report earnings of $6.30 per share, with EPS estimates ranging from $6.10 to $6.44. Zacks’ EPS averages are an average based on a survey of research firms that follow Houlihan Lokey.
A number of brokerages recently issued reports on HLI. Zacks Investment Research downgraded shares of Houlihan Lokey from a “strong-buy” rating to a “hold” rating in a report on Wednesday, March 23rd. Morgan Stanley lowered their price target on shares of Houlihan Lokey from $97.00 to $95.00 and set an “underweight” rating on the stock in a report on Friday, March 25th. 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. The Goldman Sachs Group lowered their price target on shares of Houlihan Lokey from $127.00 to $111.00 and set a “buy” rating on the stock in a report on Tuesday, April 12th. Finally, StockNews.com downgraded shares of Houlihan Lokey from a “buy” rating to a “hold” rating in a report on Thursday. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $105.83.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 15th. Shareholders of record on Thursday, June 2nd will be given a dividend of $0.53 per share. The ex-dividend date is Wednesday, June 1st. This is a boost from Houlihan Lokey’s previous quarterly dividend of $0.43. This represents a $2.12 dividend on an annualized basis and a yield of 2.52%. Houlihan Lokey’s dividend payout ratio is currently 26.83%.
In other news, Director Paul Andrew Zuber sold 2,000 shares of the stock in a transaction dated Friday, February 25th. The shares were sold at an average price of $103.40, for a total value of $206,800.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 26.02% of the stock is owned by corporate insiders.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Toroso Investments LLC boosted its stake in Houlihan Lokey by 49.8% during the first quarter. Toroso Investments LLC now owns 5,451 shares of the financial services provider’s stock worth $479,000 after buying an additional 1,811 shares during the period. Walleye Capital LLC purchased a new position in Houlihan Lokey in the first quarter worth approximately $277,000. Jane Street Group LLC acquired a new stake in Houlihan Lokey during the first quarter worth approximately $462,000. Dynamic Technology Lab Private Ltd raised its holdings in Houlihan Lokey by 907.6% during the first quarter. Dynamic Technology Lab Private Ltd now owns 27,680 shares of the financial services provider’s stock worth $2,430,000 after purchasing an additional 24,933 shares in the last quarter. Finally, Eaton Vance Management raised its holdings in Houlihan Lokey by 8.3% during the first quarter. Eaton Vance Management now owns 245,973 shares of the financial services provider’s stock worth $21,596,000 after purchasing an additional 18,764 shares in the last quarter. Institutional investors and hedge funds own 74.34% of the company’s stock.
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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