Houlihan Lokey (HLI) Posts Earnings Results, Beats Expectations By $0.07 EPS

Houlihan Lokey (NYSE:HLI) posted its quarterly earnings data on Tuesday, January 29th. The financial services provider reported $0.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.70 by $0.07, Bloomberg Earnings reports. Houlihan Lokey had a return on equity of 21.01% and a net margin of 14.63%. The business had revenue of $298.01 million for the quarter, compared to analysts’ expectations of $250.82 million.

Shares of NYSE:HLI opened at $45.09 on Thursday. Houlihan Lokey has a 12-month low of $34.31 and a 12-month high of $53.20. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.95 and a current ratio of 0.95. The firm has a market cap of $2.92 billion, a price-to-earnings ratio of 18.87, a PEG ratio of 1.36 and a beta of 1.03.

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The business also recently declared a quarterly dividend, which will be paid on Friday, March 15th. Shareholders of record on Monday, March 4th will be issued a $0.27 dividend. The ex-dividend date is Friday, March 1st. This represents a $1.08 annualized dividend and a dividend yield of 2.40%. Houlihan Lokey’s dividend payout ratio is currently 45.19%.

HLI has been the topic of several analyst reports. Zacks Investment Research upgraded Houlihan Lokey from a “sell” rating to a “hold” rating and set a $45.00 target price on the stock in a report on Tuesday, October 30th. Goldman Sachs Group started coverage on Houlihan Lokey in a report on Tuesday, November 6th. They issued a “neutral” rating and a $46.00 target price on the stock. Keefe, Bruyette & Woods reiterated an “outperform” rating and issued a $47.00 target price on shares of Houlihan Lokey in a report on Friday, January 4th. Finally, Bank of America upgraded Houlihan Lokey from a “neutral” rating to a “buy” rating and lifted their target price for the company from $46.00 to $47.00 in a report on Wednesday, January 9th. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $50.00.

In other news, CFO J Lindsey Alley sold 8,000 shares of the company’s stock in a transaction on Friday, February 1st. The shares were sold at an average price of $44.27, for a total value of $354,160.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, General Counsel Christopher M. Crain sold 1,000 shares of the company’s stock in a transaction on Thursday, January 31st. The stock was sold at an average price of $44.08, for a total transaction of $44,080.00. The disclosure for this sale can be found here. Corporate insiders own 80.50% of the company’s stock.

About Houlihan Lokey

Houlihan Lokey, Inc, an investment banking company, provides merger and acquisition (M&A), financing, financial restructuring, and financial advisory services worldwide. It operates in three segments: Corporate Finance, Financial Restructuring, and Financial Advisory Services. The Corporate Finance segment offers general financial advisory services; and advises public and private institutions on buy-side and sell-side transactions, leveraged loans, private mezzanine debt, high-yield debt, initial public offerings, follow-ons, convertibles, equity private placements, private equity, and liability management transactions, as well as financial sponsors on various transactions.

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