Houlihan Lokey (NYSE:HLI - Get Free Report) issued its quarterly earnings data on Wednesday. The financial services provider reported $1.27 EPS for the quarter, topping analysts' consensus estimates of $1.20 by $0.07, Briefing.com reports. The firm had revenue of $520.46 million during 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 company's revenue for the quarter was up 17.0% on a year-over-year basis. During the same period in the previous year, the company posted $1.11 EPS.
Houlihan Lokey Stock Up 1.3 %
Shares of Houlihan Lokey stock traded up $1.70 on Thursday, hitting $134.59. The stock had a trading volume of 517,925 shares, compared to its average volume of 340,894. The stock has a market cap of $9.30 billion, a price-to-earnings ratio of 32.76 and a beta of 0.67. Houlihan Lokey has a one year low of $86.20 and a one year high of $136.71. The stock's 50-day simple moving average is $127.02 and its two-hundred day simple moving average is $119.56.
Analyst Ratings Changes
A number of equities analysts have issued reports on the stock. JMP Securities reaffirmed a "market perform" rating on shares of Houlihan Lokey in a report on Tuesday, April 9th. UBS Group raised their price objective 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. Finally, 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.
Read Our Latest Research Report on Houlihan Lokey
Insider Transactions at Houlihan Lokey
In other news, General Counsel Christopher M. Crain sold 1,000 shares of the firm's stock in a transaction that occurred on 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 Securities & Exchange Commission, which is available at this hyperlink. 25.97% of the stock is currently owned by company insiders.
About Houlihan Lokey
(
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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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