Houlihan Lokey (NYSE:HLI) Posts Quarterly Earnings Results, Beats Expectations By $0.07 EPS

Houlihan Lokey (NYSE:HLI) issued its earnings results on Wednesday. The financial services provider reported $1.27 earnings per share for the quarter, topping the consensus estimate of $1.20 by $0.07, Briefing.com reports. The business had revenue of $520.46 million for 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 business’s quarterly revenue was up 17.0% on a year-over-year basis. During the same period last year, the company posted $1.11 EPS.

Houlihan Lokey Price Performance

HLI traded up $1.70 on Thursday, reaching $134.59. The company’s stock had a trading volume of 517,925 shares, compared to its average volume of 340,894. The business’s 50 day moving average is $127.02 and its 200 day moving average is $119.56. Houlihan Lokey has a 1 year low of $86.20 and a 1 year high of $136.71. The stock has a market cap of $9.30 billion, a price-to-earnings ratio of 32.76 and a beta of 0.67.

Wall Street Analysts Forecast Growth

Several research firms recently commented on HLI. JMP Securities restated a “market perform” rating on shares of Houlihan Lokey in a report on Tuesday, April 9th. 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. Finally, UBS Group raised their price objective on Houlihan Lokey from $136.00 to $142.00 and gave the company a “buy” rating in a research report on Friday, February 2nd.

Insider Buying and Selling at Houlihan Lokey

In other news, General Counsel Christopher M. Crain sold 1,000 shares of the company’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $128.94, for a total value of $128,940.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 25.97% of the stock is currently owned by corporate 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.