Houlihan Lokey (HLI) Earning Somewhat Positive Press Coverage, Report Finds
Media stories about Houlihan Lokey (NYSE:HLI) have been trending somewhat positive this week, Accern reports. The research group identifies positive and negative news coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Houlihan Lokey earned a daily sentiment score of 0.06 on Accern’s scale. Accern also assigned media coverage about the financial services provider an impact score of 0 out of 100, meaning that recent news coverage is extremely unlikely to have an impact on the stock’s share price in the immediate future.
Here are some of the news headlines that may have effected Accern Sentiment’s analysis:
- Uptrend Call Working As Houlihan Lokey I Stock Rises 44.8% (HLI) (mysmartrend.com)
- Houlihan Lokey, Inc. Class A (NYSE:HLI) Traded 7.4% Above Its 50 Day Moving Average (highlightpress.com)
- $0.37 EPS Expected for Houlihan Lokey, Inc. (HLI) This Quarter (americanbankingnews.com)
- Houlihan Lokey, Inc. Class A (NYSE:HLI) Sees Unusual Trading Volume in Its Shares (highlightpress.com)
Houlihan Lokey (HLI) opened at 36.99 on Friday. The company’s 50-day moving average price is $34.24 and its 200-day moving average price is $32.72. The stock has a market cap of $2.48 billion, a P/E ratio of 22.69 and a beta of 0.30. Houlihan Lokey has a 1-year low of $21.41 and a 1-year high of $37.25.
Houlihan Lokey (NYSE:HLI) last announced its quarterly earnings data on Tuesday, May 9th. The financial services provider reported $0.59 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.45 by $0.14. The firm had revenue of $257.10 million during the quarter, compared to analyst estimates of $207.02 million. Houlihan Lokey had a return on equity of 17.83% and a net margin of 12.42%. Houlihan Lokey’s quarterly revenue was up 40.0% on a year-over-year basis. During the same period in the previous year, the company earned $0.43 earnings per share. Analysts predict that Houlihan Lokey will post $1.95 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 15th. Investors of record on Friday, June 2nd were issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 2.16%. The ex-dividend date of this dividend was Wednesday, May 31st. Houlihan Lokey’s dividend payout ratio is currently 49.38%.
A number of research analysts recently issued reports on the company. Keefe, Bruyette & Woods restated a “buy” rating and set a $38.00 price target on shares of Houlihan Lokey in a research note on Wednesday, June 14th. Zacks Investment Research upgraded Houlihan Lokey from a “sell” rating to a “hold” rating and set a $41.00 price target on the stock in a research note on Wednesday. Bank of America Corporation downgraded Houlihan Lokey from a “buy” rating to a “neutral” rating and raised their price target for the stock from $36.00 to $38.00 in a research note on Thursday, May 11th. They noted that the move was a valuation call. Finally, JMP Securities restated an “outperform” rating and set a $36.00 price target (up previously from $34.00) on shares of Houlihan Lokey in a research note on Friday, April 7th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Houlihan Lokey currently has an average rating of “Hold” and an average target price of $38.25.
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Houlihan Lokey Company Profile
Houlihan Lokey, Inc is a global independent investment bank that focuses on mergers and acquisitions (M&A), financings, financial restructurings and financial advisory services. The Company operates through three segments: Corporate Finance, Financial Restructuring and Financial Advisory Services. The Company serves a set of clients across the world, including corporations, financial sponsors and government agencies.
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