Houlihan Lokey - HLI Stock Forecast, Price & News

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 Performance

Shares of Houlihan Lokey stock traded up $1.80 during midday trading on Wednesday, reaching $86.73. 271,348 shares of the company's stock traded hands, compared to its average volume of 386,383. The company has a market cap of $5.77 billion, a price-to-earnings ratio of 13.72 and a beta of 0.67. The company's 50 day simple moving average is $81.16 and its 200 day simple moving average is $89.20. Houlihan Lokey has a 52 week low of $74.23 and a 52 week high of $122.62.

Houlihan Lokey (NYSE:HLI - Get Rating) last released its quarterly earnings results on Thursday, May 12th. The financial services provider reported $1.30 earnings per share for the quarter, beating analysts' consensus estimates of $1.10 by $0.20. The business had revenue of $471.17 million for the quarter, compared to the consensus estimate of $420.62 million. Houlihan Lokey had a net margin of 18.25% and a return on equity of 32.56%. As a group, equities research analysts predict that Houlihan Lokey will post 5.05 earnings per share for the current year.

Houlihan Lokey Announces Dividend

The firm also recently declared 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. The ex-dividend date of this dividend is Thursday, September 1st. This represents a $2.12 dividend on an annualized basis and a dividend yield of 2.44%. Houlihan Lokey's dividend payout ratio is currently 34.25%.

Wall Street Analyst Weigh In

A number of research firms recently commented on HLI. The Goldman Sachs Group decreased their price objective on shares of Houlihan Lokey from $106.00 to $95.00 and set a "buy" rating for the company in a research note on Monday, May 23rd. StockNews.com lowered shares of Houlihan Lokey from a "buy" rating to a "hold" rating in a research note on Thursday, May 19th. UBS Group decreased their target price on shares of Houlihan Lokey from $105.00 to $102.00 and set a "buy" rating for the company in a research note on Friday, July 29th. Morgan Stanley raised shares of Houlihan Lokey from an "underweight" rating to an "equal weight" rating and decreased their target price for the company from $95.00 to $82.00 in a research note on Monday, July 18th. Finally, Piper Sandler decreased their target price on shares of Houlihan Lokey from $80.00 to $78.00 and set an "underweight" rating for the company in a research note on Friday, July 8th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, Houlihan Lokey has a consensus rating of "Hold" and a consensus price target of $93.40.