Houlihan Lokey, Inc. Forecasted to Post Q4 2024 Earnings of $1.20 Per Share (NYSE:HLI)

Houlihan Lokey, Inc. (NYSE:HLI - Free Report) - Analysts at Seaport Res Ptn boosted their Q4 2024 EPS estimates for Houlihan Lokey in a note issued to investors on Wednesday, April 10th. Seaport Res Ptn analyst J. Mitchell now anticipates that the financial services provider will post earnings per share of $1.20 for the quarter, up from their previous forecast of $1.08. The consensus estimate for Houlihan Lokey's current full-year earnings is $4.42 per share.

Houlihan Lokey (NYSE:HLI - Get Free Report) last announced its quarterly earnings results 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. Houlihan Lokey had a net margin of 14.90% and a return on equity of 18.06%. The company had revenue of $511.30 million for the quarter, compared to analyst estimates of $493.02 million. During the same quarter in the prior year, the business posted $1.14 EPS. Houlihan Lokey's quarterly revenue was up 12.0% on a year-over-year basis.

Other equities analysts have also recently issued research reports about the company. JMP Securities reissued a "market perform" rating on shares of Houlihan Lokey in a research report on Tuesday. Keefe, Bruyette & Woods reissued a "market perform" rating and issued a $127.00 price objective on shares of Houlihan Lokey in a research report on Monday, January 29th. Finally, UBS Group boosted their target price 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.

Houlihan Lokey Price Performance

HLI traded down $2.12 on Friday, hitting $125.07. The company had a trading volume of 245,175 shares, compared to its average volume of 343,818. Houlihan Lokey has a 1-year low of $84.89 and a 1-year high of $133.80. The company's fifty day moving average price is $127.26 and its 200 day moving average price is $116.77. The stock has a market cap of $8.64 billion, a price-to-earnings ratio of 31.03 and a beta of 0.68.

Hedge Funds Weigh In On Houlihan Lokey

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Moneta Group Investment Advisors LLC lifted its position in shares of Houlihan Lokey by 113,571.2% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 5,157,263 shares of the financial services provider's stock worth $449,507,000 after purchasing an additional 5,152,726 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Houlihan Lokey by 2.9% during the fourth quarter. Vanguard Group Inc. now owns 5,074,300 shares of the financial services provider's stock worth $608,459,000 after purchasing an additional 143,560 shares in the last quarter. Earnest Partners LLC lifted its position in shares of Houlihan Lokey by 1.1% during the third quarter. Earnest Partners LLC now owns 3,123,251 shares of the financial services provider's stock worth $334,563,000 after purchasing an additional 34,580 shares in the last quarter. Alliancebernstein L.P. lifted its holdings in Houlihan Lokey by 18.2% in the fourth quarter. Alliancebernstein L.P. now owns 2,845,604 shares of the financial services provider's stock valued at $248,023,000 after buying an additional 437,656 shares during the period. Finally, Kayne Anderson Rudnick Investment Management LLC lifted its holdings in Houlihan Lokey by 0.6% in the third quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,760,144 shares of the financial services provider's stock valued at $295,667,000 after buying an additional 17,696 shares during the period. 78.07% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Houlihan Lokey

In other Houlihan Lokey news, General Counsel Christopher M. Crain sold 1,000 shares of the business'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 transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 25.97% of the stock is currently owned by insiders.

Houlihan Lokey Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were paid a $0.55 dividend. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $2.20 dividend on an annualized basis and a yield of 1.76%. Houlihan Lokey's payout ratio is currently 54.59%.

Houlihan Lokey Company Profile

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.