Analysts count on that Houlihan Lokey, Inc. (NYSE:HLI – Get Ranking) will announce earnings of $0.97 per share for the present quarter, in line with Zacks Funding Analysis. 4 analysts have made estimates for Houlihan Lokey’s earnings, with the bottom EPS estimate coming in at $0.94 and the very best estimate coming in at $0.99. Houlihan Lokey reported earnings of $1.19 per share throughout the identical quarter final yr, which might point out a damaging year-over-year progress fee of 18.5%. The corporate is predicted to situation its subsequent quarterly earnings report on Monday, January 1st.
In accordance with Zacks, analysts count on that Houlihan Lokey will report full yr earnings of $5.68 per share for the present fiscal yr, with EPS estimates starting from $5.45 to $6.01. For the following fiscal yr, analysts forecast that the enterprise will report earnings of $6.30 per share, with EPS estimates starting from $6.10 to $6.44. Zacks’ EPS averages are a median primarily based on a survey of analysis companies that comply with Houlihan Lokey.
A lot of brokerages lately issued experiences on HLI. Zacks Funding Analysis downgraded shares of Houlihan Lokey from a “strong-buy” ranking to a “maintain” ranking in a report on Wednesday, March twenty third. Morgan Stanley lowered their worth goal on shares of Houlihan Lokey from $97.00 to $95.00 and set an “underweight” ranking on the inventory in a report on Friday, March twenty fifth. Piper Sandler downgraded shares of Houlihan Lokey from a “impartial” ranking to an “underweight” ranking and lowered their worth goal for the inventory from $92.00 to $76.00 in a report on Thursday, April seventh. The Goldman Sachs Group lowered their worth goal on shares of Houlihan Lokey from $127.00 to $111.00 and set a “purchase” ranking on the inventory in a report on Tuesday, April twelfth. Lastly, StockNews.com downgraded shares of Houlihan Lokey from a “purchase” ranking to a “maintain” ranking in a report on Thursday. Two funding analysts have rated the inventory with a promote ranking, 4 have assigned a maintain ranking and three have given a purchase ranking to the inventory. In accordance with MarketBeat.com, the inventory has a median ranking of “Maintain” and a median goal worth of $105.83.
Shares of HLI inventory traded down $0.67 throughout buying and selling hours on Friday, hitting $83.97. The corporate’s inventory had a buying and selling quantity of 655,574 shares, in comparison with its common quantity of 413,831. The corporate has a 50 day transferring common of $87.33 and a 200 day transferring common of $100.29. Houlihan Lokey has a 12-month low of $72.53 and a 12-month excessive of $122.62. The inventory has a market cap of $5.66 billion, a PE ratio of 13.10 and a beta of 0.65.
The enterprise additionally lately disclosed a quarterly dividend, which will probably be paid on Wednesday, June fifteenth. Shareholders of report on Thursday, June 2nd will probably be given a dividend of $0.53 per share. The ex-dividend date is Wednesday, June 1st. This can be a increase from Houlihan Lokey’s earlier quarterly dividend of $0.43. This represents a $2.12 dividend on an annualized foundation and a yield of two.52%. Houlihan Lokey’s dividend payout ratio is at the moment 26.83%.
In different information, Director Paul Andrew Zuber offered 2,000 shares of the inventory in a transaction dated Friday, February twenty fifth. The shares have been offered at a median worth of $103.40, for a complete worth of $206,800.00. The sale was disclosed in a authorized submitting with the Securities & Trade Fee, which is offered by the SEC web site. 26.02% of the inventory is owned by company insiders.
A number of hedge funds and different institutional traders have lately modified their holdings of the corporate. Toroso Investments LLC boosted its stake in Houlihan Lokey by 49.8% through the first quarter. Toroso Investments LLC now owns 5,451 shares of the monetary providers supplier’s inventory price $479,000 after shopping for a further 1,811 shares through the interval. Walleye Capital LLC bought a brand new place in Houlihan Lokey within the first quarter price roughly $277,000. Jane Road Group LLC acquired a brand new stake in Houlihan Lokey through the first quarter price roughly $462,000. Dynamic Expertise Lab Non-public Ltd raised its holdings in Houlihan Lokey by 907.6% through the first quarter. Dynamic Expertise Lab Non-public Ltd now owns 27,680 shares of the monetary providers supplier’s inventory price $2,430,000 after buying a further 24,933 shares within the final quarter. Lastly, Eaton Vance Administration raised its holdings in Houlihan Lokey by 8.3% through the first quarter. Eaton Vance Administration now owns 245,973 shares of the monetary providers supplier’s inventory price $21,596,000 after buying a further 18,764 shares within the final quarter. Institutional traders and hedge funds personal 74.34% of the corporate’s inventory.
Houlihan Lokey Firm Profile (Get Ranking)
Houlihan Lokey, Inc, an funding banking firm, supplies merger and acquisition (M&A), capital market, monetary restructuring, and monetary and valuation advisory providers worldwide. It operates in three segments: Company Finance, Monetary Restructuring, and Monetary and Valuation Advisory.
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