Houlihan Lokey (NYSE:HLI) Issues Earnings Results, Beats Estimates By $0.13 EPS

Houlihan Lokey (NYSE:HLI) issued its quarterly earnings data on Tuesday. The financial services provider reported $1.64 earnings per share for the quarter, beating the consensus estimate of $1.51 by $0.13, Zacks reports. Houlihan Lokey had a net margin of 15.77% and a return on equity of 19.29%.

Houlihan Lokey Price Performance

HLI stock traded up $3.58 on Tuesday, reaching $184.16. 443,428 shares of the company were exchanged, compared to its average volume of 426,847. The stock’s fifty day moving average price is $179.25 and its 200 day moving average price is $166.29. The firm has a market capitalization of $12.80 billion, a PE ratio of 37.66 and a beta of 0.69. Houlihan Lokey has a 12 month low of $119.28 and a 12 month high of $192.10.

Houlihan Lokey Dividend Announcement

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

Analyst Ratings Changes

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

Houlihan Lokey Company Profile

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.