$209.90 Million in Sales Expected for Houlihan Lokey Inc (NYSE:HLI) This Quarter
Analysts expect that Houlihan Lokey Inc (NYSE:HLI) will post $209.90 million in sales for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Houlihan Lokey’s earnings, with the lowest sales estimate coming in at $208.00 million and the highest estimate coming in at $211.80 million. Houlihan Lokey reported sales of $272.81 million during the same quarter last year, which suggests a negative year-over-year growth rate of 23.1%. The company is scheduled to report its next quarterly earnings results on Thursday, October 22nd.
According to Zacks, analysts expect that Houlihan Lokey will report full-year sales of $966.02 million for the current year, with estimates ranging from $945.90 million to $993.12 million. For the next year, analysts expect that the company will report sales of $1.39 billion, with estimates ranging from $1.32 billion to $1.47 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that that provide coverage for Houlihan Lokey.
Houlihan Lokey (NYSE:HLI) last posted its quarterly earnings data on Tuesday, July 28th. The financial services provider reported $0.56 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.49 by $0.07. The business had revenue of $211.14 million during the quarter, compared to the consensus estimate of $230.98 million. Houlihan Lokey had a return on equity of 20.25% and a net margin of 16.70%. Houlihan Lokey’s quarterly revenue was down 15.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.67 earnings per share.
In other news, Chairman Irwin Gold sold 10,000 shares of the stock in a transaction dated Tuesday, June 30th. The shares were sold at an average price of $55.06, for a total transaction of $550,600.00. Following the transaction, the chairman now owns 10,000 shares of the company’s stock, valued at approximately $550,600. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 27.04% of the stock is owned by corporate insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. FinTrust Capital Advisors LLC lifted its position in Houlihan Lokey by 60.4% in the 2nd quarter. FinTrust Capital Advisors LLC now owns 1,160 shares of the financial services provider’s stock valued at $65,000 after acquiring an additional 437 shares in the last quarter. PNC Financial Services Group Inc. lifted its position in Houlihan Lokey by 7.1% in the 2nd quarter. PNC Financial Services Group Inc. now owns 5,104 shares of the financial services provider’s stock valued at $284,000 after acquiring an additional 337 shares in the last quarter. Neuberger Berman Group LLC lifted its position in Houlihan Lokey by 11.8% in the 2nd quarter. Neuberger Berman Group LLC now owns 1,822,885 shares of the financial services provider’s stock valued at $101,425,000 after acquiring an additional 192,885 shares in the last quarter. Quadrature Capital Ltd lifted its position in Houlihan Lokey by 22.2% in the 2nd quarter. Quadrature Capital Ltd now owns 7,082 shares of the financial services provider’s stock valued at $394,000 after acquiring an additional 1,288 shares in the last quarter. Finally, Handelsbanken Fonder AB bought a new position in Houlihan Lokey in the 2nd quarter valued at about $409,000. 71.26% of the stock is currently owned by institutional investors and hedge funds.
NYSE HLI opened at $56.20 on Monday. The company has a market capitalization of $3.92 billion, a price-to-earnings ratio of 19.79 and a beta of 0.69. Houlihan Lokey has a twelve month low of $42.54 and a twelve month high of $64.84. The stock has a fifty day simple moving average of $58.18 and a 200 day simple moving average of $56.58. The company has a quick ratio of 1.87, a current ratio of 1.87 and a debt-to-equity ratio of 0.15.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Wednesday, September 2nd were given a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.35%. The ex-dividend date of this dividend was Tuesday, September 1st. This is a boost from Houlihan Lokey’s previous quarterly dividend of $0.31. Houlihan Lokey’s dividend payout ratio is 41.25%.
About Houlihan Lokey
Houlihan Lokey, Inc, an investment banking company, provides merger and acquisition (M&A), financing, financial restructuring, and financial advisory services worldwide. It operates in three segments: Corporate Finance, Financial Restructuring, and Financial Advisory Services. The Corporate Finance segment offers general financial advisory services; and advises public and private institutions on buy-side and sell-side transactions, leveraged loans, private mezzanine debt, high-yield debt, initial public offerings, follow-ons, convertibles, equity private placements, private equity, and liability management transactions, as well as financial sponsors on various transactions.
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