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 Stock Up 1.3 %
Houlihan Lokey stock traded up $1.10 during mid-day trading on Monday, hitting $88.87. 179,822 shares of the company were exchanged, compared to its average volume of 382,486. The business has a fifty day moving average of $81.36 and a 200 day moving average of $88.68. The company has a market capitalization of $5.91 billion, a PE ratio of 14.36 and a beta of 0.67. Houlihan Lokey has a 1-year low of $74.23 and a 1-year high of $122.62.
Houlihan Lokey (NYSE:HLI - Get Rating) last announced its earnings results on Thursday, May 12th. The financial services provider reported $1.30 EPS for the quarter, topping the consensus estimate of $1.10 by $0.20. The company had revenue of $471.17 million for the quarter, compared to analysts' expectations of $420.62 million. Houlihan Lokey had a return on equity of 32.86% and a net margin of 18.25%. Research analysts expect that Houlihan Lokey will post 4.96 earnings per share for the current year.
Houlihan Lokey Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 15th. Stockholders of record on Friday, September 2nd will be issued a dividend of $0.53 per share. This represents a $2.12 annualized dividend and a dividend yield of 2.39%. The ex-dividend date is Thursday, September 1st. Houlihan Lokey's payout ratio is presently 34.25%.
Wall Street Analyst Weigh In
A number of research analysts recently commented on the company. Morgan Stanley upgraded Houlihan Lokey from an "underweight" rating to an "equal weight" rating and cut their target price for the company from $95.00 to $82.00 in a research note on Monday, July 18th. UBS Group cut their target price on Houlihan Lokey from $105.00 to $102.00 and set a "buy" rating for the company in a research note on Friday, July 29th. The Goldman Sachs Group cut their target price on Houlihan Lokey from $106.00 to $95.00 and set a "buy" rating for the company in a research note on Monday, May 23rd. Piper Sandler cut their target price on Houlihan Lokey from $80.00 to $78.00 and set an "underweight" rating for the company in a research note on Friday, July 8th. Finally, StockNews.com lowered Houlihan Lokey from a "buy" rating to a "hold" rating in a research note on Thursday, May 19th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $93.40.