Equities research analysts expect that LendingClub Corp (NYSE:LC) will report $0.02 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Four analysts have issued estimates for LendingClub’s earnings, with estimates ranging from $0.02 to $0.03. LendingClub reported earnings of $0.01 per share in the same quarter last year, which indicates a positive year over year growth rate of 100%. The business is expected to report its next earnings report on Tuesday, February 19th.

According to Zacks, analysts expect that LendingClub will report full year earnings of $0.09 per share for the current financial year, with EPS estimates ranging from $0.08 to $0.11. For the next year, analysts forecast that the business will report earnings of $0.18 per share, with EPS estimates ranging from $0.12 to $0.24. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side analysts that that provide coverage for LendingClub.

LendingClub (NYSE:LC) last released its quarterly earnings data on Tuesday, November 6th. The credit services provider reported $0.03 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.02 by $0.01. LendingClub had a negative net margin of 30.89% and a negative return on equity of 4.02%. The firm had revenue of $184.65 million for the quarter, compared to the consensus estimate of $182.63 million. During the same quarter in the prior year, the company posted ($0.03) earnings per share. The business’s revenue was up 19.9% on a year-over-year basis.

Several research analysts have weighed in on the stock. Zacks Investment Research upgraded shares of LendingClub from a “hold” rating to a “buy” rating and set a $4.00 price objective on the stock in a report on Tuesday, November 13th. Citigroup increased their target price on shares of LendingClub from $4.15 to $4.25 and gave the company a “neutral” rating in a report on Wednesday, August 8th. Finally, Maxim Group reiterated a “buy” rating and issued a $6.00 target price on shares of LendingClub in a report on Wednesday, August 8th. Eight research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $5.20.

LC traded down $0.02 during trading on Tuesday, hitting $3.54. 2,664,711 shares of the company’s stock were exchanged, compared to its average volume of 2,606,623. The company has a current ratio of 12.04, a quick ratio of 10.30 and a debt-to-equity ratio of 2.83. LendingClub has a fifty-two week low of $2.57 and a fifty-two week high of $4.66. The company has a market cap of $1.51 billion, a price-to-earnings ratio of -20.82 and a beta of 1.38.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Joel Isaacson & Co. LLC raised its stake in LendingClub by 13.7% in the third quarter. Joel Isaacson & Co. LLC now owns 125,884 shares of the credit services provider’s stock valued at $488,000 after purchasing an additional 15,197 shares in the last quarter. Xact Kapitalforvaltning AB raised its stake in LendingClub by 60.2% in the first quarter. Xact Kapitalforvaltning AB now owns 45,233 shares of the credit services provider’s stock valued at $158,000 after purchasing an additional 17,000 shares in the last quarter. Teachers Advisors LLC raised its stake in LendingClub by 2.9% in the third quarter. Teachers Advisors LLC now owns 662,045 shares of the credit services provider’s stock valued at $2,569,000 after purchasing an additional 18,898 shares in the last quarter. Rhumbline Advisers raised its stake in LendingClub by 7.6% in the second quarter. Rhumbline Advisers now owns 314,646 shares of the credit services provider’s stock valued at $1,193,000 after purchasing an additional 22,345 shares in the last quarter. Finally, Claraphi Advisory Network LLC purchased a new stake in LendingClub in the third quarter valued at approximately $101,000. Institutional investors and hedge funds own 87.98% of the company’s stock.

LendingClub Company Profile

LendingClub Corporation operates an online marketplace platform that connects borrowers and investors in the United States. Its marketplace facilitates various types of loan products for consumers and small businesses, including unsecured personal loans, unsecured education and patient finance loans, auto refinance loans, and unsecured small business loans.

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