LPL Financial (LPLA) Scheduled to Post Quarterly Earnings on Tuesday

LPL Financial (NASDAQ:LPLA) is scheduled to issue its quarterly earnings data after the market closes on Tuesday, April 30th. Analysts expect the company to announce earnings of $3.79 per share for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.

LPL Financial (NASDAQ:LPLA) last posted its quarterly earnings results on Thursday, February 1st. The financial services provider reported $3.51 earnings per share for the quarter, topping analysts’ consensus estimates of $3.33 by $0.18. The firm had revenue of $2.64 billion for the quarter, compared to analyst estimates of $2.55 billion. LPL Financial had a net margin of 10.61% and a return on equity of 57.68%. LPL Financial’s quarterly revenue was up 13.3% on a year-over-year basis. During the same period in the previous year, the business posted $4.21 earnings per share. On average, analysts expect LPL Financial to post $16 EPS for the current fiscal year and $19 EPS for the next fiscal year.

LPL Financial Stock Performance

LPLA opened at $266.32 on Monday. The firm has a market capitalization of $19.89 billion, a PE ratio of 19.51, a PEG ratio of 1.29 and a beta of 0.84. LPL Financial has a twelve month low of $179.00 and a twelve month high of $274.35. The firm’s 50-day moving average price is $263.85 and its 200 day moving average price is $241.92. The company has a current ratio of 1.77, a quick ratio of 1.77 and a debt-to-equity ratio of 1.80.

LPL Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 26th. Investors of record on Tuesday, March 12th were given a dividend of $0.30 per share. The ex-dividend date was Monday, March 11th. This represents a $1.20 dividend on an annualized basis and a yield of 0.45%. LPL Financial’s payout ratio is presently 8.79%.

Insider Activity

In other news, CFO Matthew J. Audette sold 5,574 shares of the business’s stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $266.52, for a total value of $1,485,582.48. Following the sale, the chief financial officer now directly owns 13,663 shares of the company’s stock, valued at approximately $3,641,462.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director Matthew Enyedi sold 1,381 shares of the company’s stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $256.94, for a total transaction of $354,834.14. Following the sale, the director now directly owns 8,634 shares of the company’s stock, valued at approximately $2,218,419.96. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Matthew J. Audette sold 5,574 shares of the company’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $266.52, for a total transaction of $1,485,582.48. Following the sale, the chief financial officer now directly owns 13,663 shares in the company, valued at $3,641,462.76. The disclosure for this sale can be found here. In the last three months, insiders have sold 60,151 shares of company stock valued at $15,911,088. Company insiders own 1.30% of the company’s stock.

Analyst Ratings Changes

LPLA has been the topic of a number of analyst reports. Morgan Stanley raised shares of LPL Financial from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $254.00 to $315.00 in a research note on Tuesday, April 9th. JMP Securities lifted their target price on shares of LPL Financial from $290.00 to $305.00 and gave the stock a “market outperform” rating in a research note on Tuesday, April 9th. TD Cowen lifted their target price on shares of LPL Financial from $266.00 to $269.00 and gave the stock a “market perform” rating in a research note on Friday, March 22nd. Raymond James initiated coverage on shares of LPL Financial in a research note on Thursday, April 4th. They set an “underperform” rating on the stock. Finally, JPMorgan Chase & Co. lifted their target price on shares of LPL Financial from $254.00 to $260.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 2nd. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $276.00.

LPL Financial Company Profile

LPL Financial Holdings Inc, together with its subsidiaries, provides an integrated platform of brokerage and investment advisory services to independent financial advisors and financial advisors at enterprises in the United States. Its brokerage offerings include variable and fixed annuities, mutual funds, equities, fixed income, alternative investments, retirement and 529 education savings plans, and insurance.