Analysts Anticipate LPL Financial Holdings Inc (NASDAQ:LPLA) Will Announce Earnings of $1.65 Per Share

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Brokerages expect LPL Financial Holdings Inc (NASDAQ:LPLA) to report earnings per share (EPS) of $1.65 for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for LPL Financial’s earnings, with estimates ranging from $1.63 to $1.68. LPL Financial posted earnings per share of $1.49 during the same quarter last year, which suggests a positive year over year growth rate of 10.7%. The business is scheduled to announce its next quarterly earnings report on Thursday, January 30th.

On average, analysts expect that LPL Financial will report full year earnings of $7.15 per share for the current year, with EPS estimates ranging from $7.13 to $7.17. For the next year, analysts forecast that the company will report earnings of $7.19 per share, with EPS estimates ranging from $6.89 to $7.57. Zacks’ earnings per share averages are an average based on a survey of sell-side analysts that cover LPL Financial.

LPL Financial (NASDAQ:LPLA) last posted its quarterly earnings results on Thursday, October 24th. The financial services provider reported $1.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.61 by $0.10. LPL Financial had a net margin of 10.07% and a return on equity of 59.56%. The company had revenue of $1.42 billion for the quarter, compared to analyst estimates of $1.42 billion. During the same quarter in the previous year, the firm posted $1.19 earnings per share. The company’s quarterly revenue was up 6.4% compared to the same quarter last year.

Several research firms have recently issued reports on LPLA. Morgan Stanley lowered their price target on shares of LPL Financial from $90.00 to $84.00 and set an “equal weight” rating on the stock in a research report on Monday, October 14th. ValuEngine raised shares of LPL Financial from a “sell” rating to a “hold” rating in a research report on Thursday, November 14th. Wolfe Research set a $110.00 price target on shares of LPL Financial and gave the company a “buy” rating in a research report on Friday, October 25th. BidaskClub raised shares of LPL Financial from a “buy” rating to a “strong-buy” rating in a research report on Saturday, November 16th. Finally, Zacks Investment Research raised shares of LPL Financial from a “sell” rating to a “hold” rating in a research report on Tuesday, October 29th. One research analyst has rated the stock with a sell rating, five have given a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. LPL Financial presently has an average rating of “Hold” and an average price target of $92.64.

Shares of NASDAQ LPLA traded down $0.45 during midday trading on Wednesday, hitting $91.90. The company’s stock had a trading volume of 5,311 shares, compared to its average volume of 546,945. The stock has a fifty day moving average price of $84.23 and a 200 day moving average price of $81.42. LPL Financial has a one year low of $56.20 and a one year high of $92.87. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 2.56. The firm has a market capitalization of $7.46 billion, a price-to-earnings ratio of 17.23, a P/E/G ratio of 0.86 and a beta of 1.43.

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 21st. Investors of record on Thursday, November 7th were paid a $0.25 dividend. The ex-dividend date was Wednesday, November 6th. This represents a $1.00 annualized dividend and a dividend yield of 1.09%. LPL Financial’s payout ratio is 18.76%.

In other LPL Financial news, Director George Burton White sold 51,140 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $86.34, for a total transaction of $4,415,427.60. Following the completion of the sale, the director now directly owns 40,809 shares in the company, valued at approximately $3,523,449.06. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Dan H. Arnold sold 48,159 shares of the firm’s stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $80.00, for a total transaction of $3,852,720.00. Following the sale, the chief executive officer now owns 227,784 shares of the company’s stock, valued at $18,222,720. The disclosure for this sale can be found here. Over the last quarter, insiders sold 149,600 shares of company stock valued at $12,483,871. 2.20% of the stock is owned by company insiders.

A number of large investors have recently added to or reduced their stakes in LPLA. BlackRock Inc. boosted its holdings in shares of LPL Financial by 3.0% during the 2nd quarter. BlackRock Inc. now owns 4,144,447 shares of the financial services provider’s stock valued at $338,063,000 after acquiring an additional 120,006 shares during the last quarter. Voya Investment Management LLC boosted its holdings in shares of LPL Financial by 49.1% during the 3rd quarter. Voya Investment Management LLC now owns 1,295,396 shares of the financial services provider’s stock valued at $106,094,000 after acquiring an additional 426,793 shares during the last quarter. Nuveen Asset Management LLC boosted its holdings in shares of LPL Financial by 241.2% during the 2nd quarter. Nuveen Asset Management LLC now owns 1,186,741 shares of the financial services provider’s stock valued at $96,803,000 after acquiring an additional 838,919 shares during the last quarter. Eagle Asset Management Inc. boosted its holdings in shares of LPL Financial by 1.8% during the 3rd quarter. Eagle Asset Management Inc. now owns 692,722 shares of the financial services provider’s stock valued at $56,733,000 after acquiring an additional 12,176 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of LPL Financial by 4.9% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 615,252 shares of the financial services provider’s stock valued at $50,187,000 after acquiring an additional 28,624 shares during the last quarter. Institutional investors and hedge funds own 93.76% of the company’s stock.

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 financial institutions in the United States. Its brokerage offerings include variable and fixed annuities, mutual funds, equities, retirement and 529 education savings plans, fixed income, and insurance, as well as alternative investments, such as non-traded real estate investment trusts and business development companies.

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