Houlihan Lokey (HLI) to Release Quarterly Earnings on Wednesday

Houlihan Lokey (NYSE:HLI) is scheduled to be issuing its quarterly earnings data after the market closes on Wednesday, May 8th. Analysts expect the company to post earnings of $1.20 per share for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.

Houlihan Lokey (NYSE:HLI) last released its earnings results on Thursday, February 1st. The financial services provider reported $1.22 EPS for the quarter, beating the consensus estimate of $1.12 by $0.10. Houlihan Lokey had a return on equity of 18.06% and a net margin of 14.90%. The company had revenue of $511.30 million during the quarter, compared to analysts’ expectations of $493.02 million. During the same period last year, the firm earned $1.14 EPS. The business’s revenue for the quarter was up 12.0% on a year-over-year basis. On average, analysts expect Houlihan Lokey to post $4 EPS for the current fiscal year and $6 EPS for the next fiscal year.

Houlihan Lokey Stock Up 1.0 %

Shares of HLI opened at $131.90 on Monday. The stock’s fifty day simple moving average is $126.78 and its 200-day simple moving average is $119.01. The firm has a market capitalization of $9.12 billion, a PE ratio of 32.73 and a beta of 0.67. Houlihan Lokey has a 12-month low of $84.89 and a 12-month high of $133.80.

Analyst Ratings Changes

A number of research firms recently weighed in on HLI. UBS Group boosted their price target on shares of Houlihan Lokey from $136.00 to $142.00 and gave the stock a “buy” rating in a research note on Friday, February 2nd. JMP Securities reissued a “market perform” rating on shares of Houlihan Lokey in a research note on Tuesday, April 9th. Finally, Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $127.00 price objective on shares of Houlihan Lokey in a report on Monday, January 29th.

Insider Buying and Selling at Houlihan Lokey

In related news, General Counsel Christopher M. Crain sold 1,000 shares of the firm’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $128.94, for a total transaction of $128,940.00. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 25.97% of the company’s stock.

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.