LendingClub (LC) to Release Quarterly Earnings on Tuesday

LendingClub (NYSE:LC) will release its earnings data after the market closes on Tuesday, April 30th. Analysts expect LendingClub to post earnings of $0.03 per share for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.

LendingClub (NYSE:LC) last posted its earnings results on Tuesday, January 30th. The credit services provider reported $0.09 EPS for the quarter, beating analysts’ consensus estimates of $0.02 by $0.07. The business had revenue of $185.60 million for the quarter, compared to the consensus estimate of $182.13 million. LendingClub had a net margin of 4.50% and a return on equity of 3.21%. The company’s revenue for the quarter was down 29.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.19 EPS. On average, analysts expect LendingClub to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

LendingClub Stock Up 2.5 %

Shares of NYSE LC opened at $8.10 on Tuesday. The stock’s fifty day simple moving average is $8.24 and its two-hundred day simple moving average is $7.50. The stock has a market capitalization of $894.32 million, a PE ratio of 22.50 and a beta of 1.98. The company has a current ratio of 0.89, a quick ratio of 0.83 and a debt-to-equity ratio of 0.01. LendingClub has a 12-month low of $4.73 and a 12-month high of $10.92.

Analyst Upgrades and Downgrades

Several research firms have weighed in on LC. Wedbush reiterated an “outperform” rating and set a $11.00 price target on shares of LendingClub in a research note on Wednesday, January 31st. StockNews.com lowered LendingClub from a “hold” rating to a “sell” rating in a research note on Friday, March 22nd. One investment analyst has rated the stock with a sell rating and four have issued a buy rating to the company. Based on data from MarketBeat, LendingClub presently has a consensus rating of “Moderate Buy” and an average price target of $11.30.

LendingClub Company Profile

LendingClub Corporation, operates as a bank holding company, that provides range of financial products and services in the United States. It offers deposit products, including savings accounts, checking accounts, and certificates of deposit. The company also provides loan products, such as consumer loans comprising unsecured personal loans, secured auto refinance loans, and patient and education finance loans; and commercial loans, including small business loans.