$0.41 EPS Expected for LendingClub Co. (NYSE:LC) This Quarter

Equities research analysts predict that LendingClub Co. (NYSE:LCGet Rating) will report earnings per share of $0.41 for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for LendingClub’s earnings, with the highest EPS estimate coming in at $0.41 and the lowest estimate coming in at $0.40. LendingClub posted earnings per share of $0.09 in the same quarter last year, which suggests a positive year over year growth rate of 355.6%. The company is expected to announce its next quarterly earnings report on Monday, January 1st.

According to Zacks, analysts expect that LendingClub will report full-year earnings of $1.58 per share for the current fiscal year, with EPS estimates ranging from $1.55 to $1.63. For the next year, analysts expect that the company will report earnings of $2.15 per share, with EPS estimates ranging from $1.50 to $2.50. Zacks Investment Research’s earnings per share averages are an average based on a survey of research firms that follow LendingClub.

LendingClub (NYSE:LCGet Rating) last announced its earnings results on Wednesday, April 27th. The credit services provider reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of $0.26 by $0.13. The company had revenue of $289.50 million during the quarter, compared to analysts’ expectations of $262.43 million. LendingClub had a return on equity of 26.12% and a net margin of 10.63%. LendingClub’s revenue for the quarter was up 173.6% on a year-over-year basis. During the same period last year, the business posted ($0.49) EPS.

Several research analysts have commented on LC shares. Credit Suisse Group cut their price target on LendingClub from $34.00 to $27.00 and set a “neutral” rating on the stock in a research report on Thursday, January 27th. StockNews.com started coverage on LendingClub in a research note on Thursday, March 31st. They issued a “hold” rating on the stock. Wedbush decreased their price target on LendingClub from $35.00 to $30.00 in a research note on Monday, February 7th. Finally, Zacks Investment Research upgraded LendingClub from a “sell” rating to a “hold” rating in a research report on Tuesday, April 12th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, LendingClub currently has an average rating of “Buy” and an average target price of $38.83.

In other news, insider Annie Armstrong sold 2,027 shares of the stock in a transaction that occurred on Thursday, April 28th. The stock was sold at an average price of $17.00, for a total transaction of $34,459.00. Following the sale, the insider now directly owns 75,059 shares in the company, valued at approximately $1,276,003. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Michael P. Zeisser purchased 14,332 shares of the company’s stock in a transaction dated Thursday, February 24th. The shares were 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. Insiders sold 26,739 shares of company stock valued at $472,880 in the last ninety days. Company insiders own 4.48% of the company’s stock.

Hedge funds have recently modified their holdings of the company. Point72 Hong Kong Ltd bought a new stake in shares of LendingClub during the 4th quarter worth $27,000. Lazard Asset Management LLC acquired a new stake in shares of LendingClub in the first quarter worth $30,000. PNC Financial Services Group Inc. boosted its position in shares of LendingClub by 367.2% in the first quarter. PNC Financial Services Group Inc. now owns 2,607 shares of the credit services provider’s stock worth $41,000 after buying an additional 2,049 shares during the period. Daiwa Securities Group Inc. boosted its position in shares of LendingClub by 45.8% in the first quarter. Daiwa Securities Group Inc. now owns 4,232 shares of the credit services provider’s stock worth $67,000 after buying an additional 1,329 shares during the period. Finally, Emerald Advisers LLC purchased a new stake in shares of LendingClub during the fourth quarter worth $87,000. Institutional investors own 80.27% of the company’s stock.

Shares of NYSE LC traded up $0.81 during midday trading on Wednesday, hitting $13.52. 1,952,159 shares of the company’s stock were exchanged, compared to its average volume of 2,575,391. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.17 and a quick ratio of 1.08. LendingClub has a twelve month low of $12.27 and a twelve month high of $49.21. The company has a market cap of $1.38 billion, a PE ratio of 13.39 and a beta of 1.95. The firm’s fifty day simple moving average is $14.64 and its 200-day simple moving average is $21.27.

LendingClub Company Profile (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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Earnings History and Estimates for LendingClub (NYSE:LC)

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