Houlihan Lokey (NYSE:HLI) Issues Quarterly Earnings Results

Houlihan Lokey (NYSE:HLI) posted its quarterly earnings results on Wednesday. The financial services provider reported $1.27 earnings per share for the quarter, beating the consensus estimate of $1.20 by $0.07, Briefing.com reports. The firm had revenue of $520.46 million during the quarter, compared to the consensus estimate of $508.99 million. Houlihan Lokey had a net margin of 14.90% and a return on equity of 18.06%. The company’s revenue was up 17.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.11 earnings per share.

Houlihan Lokey Stock Up 1.3 %

Shares of NYSE:HLI traded up $1.70 during midday trading 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 stock has a fifty day moving average of $127.02 and a 200 day moving average of $119.56. The firm has a market capitalization of $9.30 billion, a PE ratio of 32.76 and a beta of 0.67. Houlihan Lokey has a twelve month low of $86.20 and a twelve month high of $136.71.

Analyst Ratings Changes

Several analysts recently weighed in on HLI shares. JMP Securities restated a “market perform” rating on shares of Houlihan Lokey in a report on Tuesday, April 9th. UBS Group upped their price target on shares of Houlihan Lokey from $136.00 to $142.00 and gave the stock a “buy” rating in a research report on Friday, February 2nd. Finally, Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $127.00 price objective on shares of Houlihan Lokey in a research note on Monday, January 29th.

Insider Buying and Selling at Houlihan Lokey

In related news, General Counsel Christopher M. Crain sold 1,000 shares of Houlihan Lokey stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $128.94, for a total value of $128,940.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 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.