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. The Corporate Finance segment offers general financial advisory services; and advises public and private institutions on buy-side and sell-side transactions, leveraged loans, private mezzanine debt, high-yield debt, initial public offerings, follow-ons, convertibles, equity private placements, private equity, and liability management transactions, as well as financial sponsors on various transactions. It also provides financing solutions and capital-raising advisory services for publicly-held and multinational corporations, financial sponsors, and privately-held companies. The Financial Restructuring segment advises debtors, creditors, and other parties-in-interest related to recapitalization/deleveraging transactions. It also provides a range of advisory services, including structuring, negotiation, and confirmation of plans of reorganization; structuring and analysis of exchange offers; corporate viability assessment; dispute resolution and expert testimony; and procuring debtor-in-possession financing. The Financial and Valuation Advisory segment offers valuations of various assets, such as companies, illiquid debt and equity securities, and intellectual property. It also provides fairness opinions in connection with M&A and other transactions, and solvency opinions in connection with corporate spin-offs and dividend recapitalizations; and other types of financial opinions. In addition, this segment offers dispute resolution services. It serves corporations, financial sponsors, and government agencies. The company was incorporated in 1972 and is headquartered in Los Angeles, California.
Houlihan Lokey Trading Up 1.0 %
NYSE:HLI opened at $87.77 on Friday. Houlihan Lokey has a 1-year low of $74.23 and a 1-year high of $122.62. The firm has a market capitalization of $5.84 billion, a price-to-earnings ratio of 14.18 and a beta of 0.67. The business's 50-day moving average price is $81.29 and its two-hundred day moving average price is $88.88.
Houlihan Lokey (NYSE:HLI - Get Rating) last announced its quarterly earnings results on Thursday, May 12th. The financial services provider reported $1.30 EPS for the quarter, beating analysts' consensus estimates of $1.10 by $0.20. Houlihan Lokey had a return on equity of 32.86% and a net margin of 18.25%. The company had revenue of $471.17 million during the quarter, compared to analysts' expectations of $420.62 million. Sell-side analysts predict that Houlihan Lokey will post 4.96 earnings per share for the current year.
Houlihan Lokey Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Thursday, September 15th. Shareholders of record on Friday, September 2nd will be paid a $0.53 dividend. This represents a $2.12 annualized dividend and a yield of 2.42%. The ex-dividend date of this dividend is Thursday, September 1st. Houlihan Lokey's payout ratio is presently 34.25%.
Analyst Upgrades and Downgrades
Several research firms have recently commented on HLI. The Goldman Sachs Group decreased their price target on shares of Houlihan Lokey from $106.00 to $95.00 and set a "buy" rating on the stock in a research note on Monday, May 23rd. UBS Group dropped their target price on Houlihan Lokey from $105.00 to $102.00 and set a "buy" rating for the company in a research report on Friday, July 29th. StockNews.com cut Houlihan Lokey from a "buy" rating to a "hold" rating in a report on Thursday, May 19th. Piper Sandler lowered their price objective on Houlihan Lokey from $80.00 to $78.00 and set an "underweight" rating for the company in a research report on Friday, July 8th. Finally, Morgan Stanley raised shares of Houlihan Lokey from an "underweight" rating to an "equal weight" rating and reduced their target price for the company from $95.00 to $82.00 in a research note on Monday, July 18th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, Houlihan Lokey currently has a consensus rating of "Hold" and an average target price of $93.40.