Houlihan Lokey (NYSE:HLI) Issues Quarterly Earnings Results

Houlihan Lokey (NYSE:HLI) posted its quarterly earnings results on Wednesday. The financial services provider reported $1.46 EPS for the quarter, topping analysts’ consensus estimates of $1.31 by $0.15, Briefing.com reports. Houlihan Lokey had a return on equity of 18.80% and a net margin of 15.30%. The company had revenue of $574.96 million during the quarter, compared to analysts’ expectations of $537.93 million. During the same quarter in the previous year, the firm earned $1.11 EPS. Houlihan Lokey’s revenue was up 23.1% on a year-over-year basis.

Houlihan Lokey Stock Down 1.2 %

Shares of HLI opened at $164.68 on Thursday. Houlihan Lokey has a 12-month low of $99.35 and a 12-month high of $175.21. The business has a 50-day simple moving average of $160.25 and a two-hundred day simple moving average of $145.03. The stock has a market cap of $11.29 billion, a PE ratio of 40.07 and a beta of 0.66.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. JPMorgan Chase & Co. lowered their price target on Houlihan Lokey from $132.00 to $129.00 and set a “neutral” rating for the company in a report on Wednesday, July 31st. Keefe, Bruyette & Woods reissued a “market perform” rating and set a $154.00 price target (up previously from $139.00) on shares of Houlihan Lokey in a report on Wednesday, July 31st. Morgan Stanley boosted their price target on Houlihan Lokey from $146.00 to $163.00 and gave the stock an “equal weight” rating in a report on Monday, September 23rd. UBS Group boosted their price target on Houlihan Lokey from $170.00 to $190.00 and gave the stock a “buy” rating in a report on Tuesday, October 8th. Finally, Wells Fargo & Company assumed coverage on Houlihan Lokey in a report on Thursday, September 12th. They set an “underweight” rating and a $149.00 price target for the company. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $157.00.

Insiders Place Their Bets

In other Houlihan Lokey news, Chairman Scott L. Beiser sold 8,317 shares of the company’s stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $151.89, for a total value of $1,263,269.13. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Houlihan Lokey news, Chairman Scott L. Beiser sold 8,317 shares of the company’s stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $151.89, for a total value of $1,263,269.13. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Gillian Beth Zucker sold 200 shares of the company’s stock in a transaction dated Monday, October 14th. The shares were sold at an average price of $168.08, for a total value of $33,616.00. Following the completion of the sale, the director now owns 6,601 shares in the company, valued at $1,109,496.08. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 9,917 shares of company stock valued at $1,513,129 in the last 90 days. Corporate 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.