FY2024 EPS Estimates for Houlihan Lokey, Inc. (NYSE:HLI) Lifted by Analyst

Houlihan Lokey, Inc. (NYSE:HLI - Free Report) - Research analysts at Seaport Res Ptn raised their FY2024 earnings estimates for Houlihan Lokey in a report released on Wednesday, April 10th. Seaport Res Ptn analyst J. Mitchell now anticipates that the financial services provider will post earnings of $4.42 per share for the year, up from their previous forecast of $4.30. The consensus estimate for Houlihan Lokey's current full-year earnings is $4.36 per share.

Several other research analysts have also recently issued reports on the stock. JMP Securities reaffirmed a "market perform" rating on shares of Houlihan Lokey in a report on Tuesday. Keefe, Bruyette & Woods reaffirmed a "market perform" rating and issued a $127.00 target price on shares of Houlihan Lokey in a report on Monday, January 29th. Finally, UBS Group lifted their target price on shares of Houlihan Lokey from $136.00 to $142.00 and gave the stock a "buy" rating in a report on Friday, February 2nd.

Houlihan Lokey Stock Down 1.6 %

Houlihan Lokey stock traded down $2.05 during trading hours on Thursday, hitting $127.17. The stock had a trading volume of 296,218 shares, compared to its average volume of 345,227. The stock has a market capitalization of $8.79 billion, a P/E ratio of 31.55 and a beta of 0.68. Houlihan Lokey has a 12-month low of $84.89 and a 12-month high of $133.80. The stock's 50-day moving average price is $127.29 and its 200-day moving average price is $116.65.

Houlihan Lokey (NYSE:HLI - Get Free Report) last posted its quarterly earnings data on Thursday, February 1st. The financial services provider reported $1.22 EPS for the quarter, topping the consensus estimate of $1.12 by $0.10. The business had revenue of $511.30 million for the quarter, compared to analyst estimates of $493.02 million. Houlihan Lokey had a net margin of 14.90% and a return on equity of 18.06%. Houlihan Lokey's quarterly revenue was up 12.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.14 earnings per share.

Institutional Trading of Houlihan Lokey

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in HLI. Janiczek Wealth Management LLC bought a new position in shares of Houlihan Lokey in the third quarter worth approximately $30,000. Accent Capital Management LLC purchased a new stake in shares of Houlihan Lokey in the fourth quarter worth $42,000. Anchor Investment Management LLC purchased a new stake in shares of Houlihan Lokey in the fourth quarter worth $54,000. Harel Insurance Investments & Financial Services Ltd. increased its stake in shares of Houlihan Lokey by 100.0% in the third quarter. Harel Insurance Investments & Financial Services Ltd. now owns 600 shares of the financial services provider's stock worth $65,000 after purchasing an additional 300 shares in the last quarter. Finally, Mather Group LLC. purchased a new stake in shares of Houlihan Lokey in the first quarter worth $74,000. 78.07% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Houlihan Lokey news, General Counsel Christopher M. Crain sold 1,000 shares of the company's stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $128.94, for a total transaction of $128,940.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 25.97% of the stock is owned by corporate insiders.

Houlihan Lokey Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were issued a dividend of $0.55 per share. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $2.20 annualized dividend and a dividend yield of 1.73%. Houlihan Lokey's payout ratio is 54.59%.

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.