Houlihan Lokey Inc (NYSE:HLI) declared a quarterly dividend on Thursday, October 24th, Zacks reports. Shareholders of record on Thursday, December 5th will be paid a dividend of 0.31 per share by the financial services provider on Monday, December 16th. This represents a $1.24 annualized dividend and a yield of 2.59%. The ex-dividend date of this dividend is Wednesday, December 4th.
HLI stock opened at $47.89 on Tuesday. The firm has a market cap of $3.13 billion, a PE ratio of 16.69 and a beta of 0.97. Houlihan Lokey has a fifty-two week low of $34.31 and a fifty-two week high of $50.00. The firm has a fifty day moving average price of $47.31 and a 200 day moving average price of $45.39. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.85 and a current ratio of 0.85.
Houlihan Lokey (NYSE:HLI) last issued its earnings results on Thursday, October 24th. The financial services provider reported $0.70 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.70. The firm had revenue of $272.81 million for the quarter, compared to analyst estimates of $268.03 million. Houlihan Lokey had a return on equity of 22.34% and a net margin of 14.85%. Houlihan Lokey’s revenue for the quarter was down .8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.70 earnings per share. On average, equities analysts predict that Houlihan Lokey will post 2.92 EPS for the current year.
Several equities research analysts have recently issued reports on HLI shares. Morgan Stanley started coverage on shares of Houlihan Lokey in a research note on Wednesday, November 27th. They set an “equal weight” rating and a $49.00 target price on the stock. ValuEngine cut Houlihan Lokey from a “hold” rating to a “sell” rating in a research report on Monday, October 7th. Finally, Zacks Investment Research upgraded Houlihan Lokey from a “sell” rating to a “hold” rating in a research note on Saturday, November 9th. One analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $49.38.
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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