Brokerages expect that LPL Financial Holdings Inc. (NASDAQ:LPLA) will report earnings of $0.62 per share for the current quarter, according to Zacks Investment Research. Four analysts have made estimates for LPL Financial Holdings’ earnings, with the highest EPS estimate coming in at $0.68 and the lowest estimate coming in at $0.59. LPL Financial Holdings posted earnings per share of $0.58 in the same quarter last year, which suggests a positive year-over-year growth rate of 6.9%. The company is scheduled to report its next earnings results after the market closes on Thursday, October 26th.

According to Zacks, analysts expect that LPL Financial Holdings will report full year earnings of $2.50 per share for the current year, with EPS estimates ranging from $2.46 to $2.55. For the next year, analysts expect that the firm will report earnings of $3.17 per share, with EPS estimates ranging from $2.92 to $3.44. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for LPL Financial Holdings.

LPL Financial Holdings (NASDAQ:LPLA) last released its quarterly earnings results on Thursday, July 27th. The financial services provider reported $0.74 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.66 by $0.08. The business had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.05 billion. LPL Financial Holdings had a net margin of 5.10% and a return on equity of 26.45%. The business’s revenue was up 4.5% on a year-over-year basis. During the same period last year, the business earned $0.53 EPS.

LPLA has been the topic of a number of recent analyst reports. Nomura lifted their price target on shares of LPL Financial Holdings from $53.00 to $58.00 and gave the company a “buy” rating in a research report on Thursday, August 17th. SunTrust Banks, Inc. raised shares of LPL Financial Holdings from a “hold” rating to a “buy” rating and lifted their price target for the company from $49.00 to $55.00 in a research report on Wednesday, August 16th. BidaskClub raised shares of LPL Financial Holdings from a “hold” rating to a “buy” rating in a research report on Tuesday, July 25th. Zacks Investment Research raised shares of LPL Financial Holdings from a “hold” rating to a “buy” rating and set a $48.00 price target on the stock in a research report on Tuesday, July 4th. Finally, ValuEngine lowered shares of LPL Financial Holdings from a “buy” rating to a “hold” rating in a research report on Friday. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $48.60.

LPL Financial Holdings (NASDAQ LPLA) traded up 0.83% during midday trading on Friday, reaching $53.30. 651,145 shares of the company were exchanged. LPL Financial Holdings has a one year low of $30.15 and a one year high of $53.52. The firm’s 50-day moving average is $48.17 and its 200-day moving average is $43.38. The firm has a market cap of $4.79 billion, a P/E ratio of 23.15 and a beta of 1.87.

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Hedge funds have recently made changes to their positions in the stock. Mckinley Capital Management LLC Delaware bought a new position in LPL Financial Holdings during the second quarter worth $104,000. Public Employees Retirement Association of Colorado increased its position in LPL Financial Holdings by 1.9% during the second quarter. Public Employees Retirement Association of Colorado now owns 2,776 shares of the financial services provider’s stock worth $118,000 after acquiring an additional 52 shares during the period. The Manufacturers Life Insurance Company increased its position in LPL Financial Holdings by 8.2% during the second quarter. The Manufacturers Life Insurance Company now owns 2,794 shares of the financial services provider’s stock worth $119,000 after acquiring an additional 211 shares during the period. SG Americas Securities LLC bought a new position in LPL Financial Holdings during the first quarter worth $171,000. Finally, Teacher Retirement System of Texas increased its position in LPL Financial Holdings by 10.4% during the second quarter. Teacher Retirement System of Texas now owns 6,514 shares of the financial services provider’s stock worth $277,000 after acquiring an additional 611 shares during the period. 89.73% of the stock is currently owned by institutional investors and hedge funds.

LPL Financial Holdings Company Profile

LPL Financial Holdings Inc is a broker-dealer, a custodian for registered investment advisors and an independent consultant to retirement plans. The Company provides a platform of brokerage and investment advisory services to independent financial advisors, including financial advisors at financial institutions across the country.

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Earnings History and Estimates for LPL Financial Holdings (NASDAQ:LPLA)

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