Houlihan Lokey (NYSE:HLI) Issues Earnings Results

Houlihan Lokey (NYSE:HLI) issued its quarterly earnings data on Wednesday. The financial services provider reported $1.27 EPS for the quarter, topping analysts’ consensus estimates of $1.20 by $0.07, Briefing.com reports. The firm had revenue of $520.46 million during the quarter, compared to analyst estimates of $508.99 million. Houlihan Lokey had a return on equity of 18.06% and a net margin of 14.90%. The company’s revenue for the quarter was up 17.0% on a year-over-year basis. During the same period in the previous year, the company posted $1.11 EPS.

Houlihan Lokey Stock Up 1.3 %

Shares of Houlihan Lokey stock traded up $1.70 on Thursday, hitting $134.59. The stock had a trading volume of 517,925 shares, compared to its average volume of 340,894. The stock has a market cap of $9.30 billion, a price-to-earnings ratio of 32.76 and a beta of 0.67. Houlihan Lokey has a one year low of $86.20 and a one year high of $136.71. The stock’s 50-day simple moving average is $127.02 and its two-hundred day simple moving average is $119.56.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. JMP Securities reaffirmed a “market perform” rating on shares of Houlihan Lokey in a report on Tuesday, April 9th. UBS Group raised their price objective on shares of Houlihan Lokey from $136.00 to $142.00 and gave the stock a “buy” rating in a report on Friday, February 2nd. Finally, Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $127.00 price target on shares of Houlihan Lokey in a research report on Monday, January 29th.

Insider Transactions at Houlihan Lokey

In other news, General Counsel Christopher M. Crain sold 1,000 shares of the firm’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $128.94, for a total value of $128,940.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 25.97% of the stock is currently owned by company insiders.

About Houlihan Lokey

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.