Houlihan Lokey (NYSE:HLI – Get Free Report) issued its quarterly earnings results on Tuesday. The financial services provider reported $1.22 EPS for the quarter, meeting analysts’ consensus estimates of $1.22, Briefing.com reports. The firm had revenue of $514.00 million during the quarter, compared to the consensus estimate of $508.70 million. Houlihan Lokey had a return on equity of 18.08% and a net margin of 14.64%. Houlihan Lokey’s revenue for the quarter was up 23.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.89 earnings per share.
Houlihan Lokey Stock Performance
Shares of Houlihan Lokey stock traded up $1.58 on Wednesday, reaching $150.24. 792,353 shares of the company were exchanged, compared to its average volume of 339,924. The company’s 50-day moving average is $136.46 and its two-hundred day moving average is $130.39. The firm has a market cap of $10.30 billion, a price-to-earnings ratio of 36.56 and a beta of 0.67. Houlihan Lokey has a 1-year low of $94.67 and a 1-year high of $153.08.
Houlihan Lokey Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Sunday, September 15th. Stockholders of record on Tuesday, September 3rd will be given a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a dividend yield of 1.52%. The ex-dividend date is Tuesday, September 3rd. Houlihan Lokey’s payout ratio is 55.47%.
Analyst Upgrades and Downgrades
Get Our Latest Analysis on Houlihan Lokey
Insider Transactions at Houlihan Lokey
In other news, insider David A. Preiser sold 20,000 shares of the stock in a transaction that occurred on Tuesday, June 4th. The stock was sold at an average price of $133.21, for a total transaction of $2,664,200.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, insider David A. Preiser sold 20,000 shares of the stock in a transaction that occurred on Tuesday, June 4th. The stock was sold at an average price of $133.21, for a total transaction of $2,664,200.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Chairman Irwin Gold sold 9,902 shares of the stock in a transaction that occurred on Friday, June 28th. The stock was sold at an average price of $135.25, for a total value of $1,339,245.50. The disclosure for this sale can be found here. Insiders own 25.97% of the company’s stock.
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.
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