Houlihan Lokey (HLI) Expected to Announce Quarterly Earnings on Tuesday

Houlihan Lokey (NYSE:HLI) is projected to post its quarterly earnings results before the market opens on Tuesday, January 28th. Analysts expect Houlihan Lokey to post earnings of $1.51 per share and revenue of $603,150.10 billion for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.

Houlihan Lokey (NYSE:HLI) last issued its quarterly earnings results on Wednesday, October 30th. The financial services provider reported $1.46 earnings per share for the quarter, beating the consensus estimate of $1.31 by $0.15. The business had revenue of $574.96 million for the quarter, compared to the consensus estimate of $537.93 million. Houlihan Lokey had a net margin of 15.77% and a return on equity of 19.29%. The company’s revenue for the quarter was up 23.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.11 earnings per share. On average, analysts expect Houlihan Lokey to post $6 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Houlihan Lokey Price Performance

Shares of NYSE HLI opened at $181.21 on Tuesday. The stock has a market cap of $12.59 billion, a PE ratio of 37.06 and a beta of 0.69. Houlihan Lokey has a 1 year low of $116.67 and a 1 year high of $192.10. The firm has a fifty day moving average price of $179.26 and a 200-day moving average price of $164.59.

Houlihan Lokey Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Sunday, December 15th. Shareholders of record on Monday, December 2nd were issued a dividend of $0.57 per share. The ex-dividend date was Monday, December 2nd. This represents a $2.28 dividend on an annualized basis and a yield of 1.26%. Houlihan Lokey’s dividend payout ratio is presently 46.63%.

Analysts Set New Price Targets

HLI has been the subject of several research analyst reports. Morgan Stanley cut Houlihan Lokey from an “equal weight” rating to an “underweight” rating and increased their target price for the stock from $171.00 to $200.00 in a research report on Monday, December 9th. Keefe, Bruyette & Woods cut their price objective on shares of Houlihan Lokey from $172.00 to $170.00 and set a “market perform” rating for the company in a report on Monday, January 13th. UBS Group boosted their target price on shares of Houlihan Lokey from $170.00 to $190.00 and gave the stock a “buy” rating in a report on Tuesday, October 8th. StockNews.com cut shares of Houlihan Lokey from a “buy” rating to a “hold” rating in a research note on Wednesday, November 20th. Finally, Wells Fargo & Company decreased their price target on shares of Houlihan Lokey from $180.00 to $178.00 and set an “underweight” rating on the stock in a research note on Tuesday, January 14th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $173.40.

About Houlihan Lokey

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.