Houlihan Lokey (NYSE:HLI) Releases Quarterly Earnings Results

Houlihan Lokey (NYSE:HLIGet Free Report) announced its earnings results on Tuesday. The financial services provider reported $1.64 earnings per share for the quarter, topping analysts’ consensus estimates of $1.51 by $0.13, Zacks reports. Houlihan Lokey had a return on equity of 19.29% and a net margin of 15.77%.

Houlihan Lokey Stock Performance

Shares of NYSE:HLI traded up $3.58 during trading on Tuesday, reaching $184.16. 443,428 shares of the stock traded hands, compared to its average volume of 426,847. The stock has a market cap of $12.80 billion, a P/E ratio of 37.66 and a beta of 0.69. Houlihan Lokey has a 52-week low of $119.28 and a 52-week high of $192.10. The stock has a 50-day moving average of $179.25 and a two-hundred day moving average of $166.29.

Houlihan Lokey Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Sunday, December 15th. Stockholders of record on Monday, December 2nd were issued a $0.57 dividend. This represents a $2.28 annualized dividend and a dividend yield of 1.24%. The ex-dividend date of this dividend was Monday, December 2nd. Houlihan Lokey’s dividend payout ratio is 46.63%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on HLI shares. Morgan Stanley cut Houlihan Lokey from an “equal weight” rating to an “underweight” rating and boosted their price objective for the stock from $171.00 to $200.00 in a research report on Monday, December 9th. UBS Group increased their price target on shares of Houlihan Lokey from $170.00 to $190.00 and gave the company a “buy” rating in a research report on Tuesday, October 8th. StockNews.com lowered shares of Houlihan Lokey from a “buy” rating to a “hold” rating in a research report on Wednesday, November 20th. Wells Fargo & Company reduced their target price on shares of Houlihan Lokey from $180.00 to $178.00 and set an “underweight” rating for the company in a research report on Tuesday, January 14th. Finally, Keefe, Bruyette & Woods dropped their price objective on Houlihan Lokey from $172.00 to $170.00 and set a “market perform” rating on the stock in a research note on Monday, January 13th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $173.40.

View Our Latest Stock Analysis on Houlihan Lokey

Houlihan Lokey Company Profile

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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.

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Earnings History for Houlihan Lokey (NYSE:HLI)

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