Houlihan Lokey, Inc. (NYSE:HLI) is reporting second quarter earnings results on Thursday 29th October 2020, after market close.
The consensus estimates from Thomson Reuters are income of $ 0.55 per share from $ 225.81 million in revenue.
For the full year, analysts predict revenues of $ 1002.08 million, while looking forward to income of $ 2.61 per share.
Previous Quarter Performance
Houlihan Lokey, Inc. unveiled income for the first quarter of $ 0.56 per share, from the revenue of $ 211.14 million. The quarterly earnings declined 16.42 percent while revenues shrunk 8.68 percent compared with the same quarter last year.
Wall street analysts are predicting, HLI to report 1Q21 income of $ 0.57 per share from revenue of $ 234.06 million. The bottom line results missed street analysts by $ 0.01 or 1.75 percent, at the same time, top line results fell short of analysts by $ 22.92 million or 9.79 percent.
Stock Performance
Shares of Houlihan Lokey, Inc. traded low $ -1.76 or -2.72 percent on Wednesday, reaching $ 62.95 with volume of 614.30 thousand shares. Houlihan Lokey, Inc. has traded high as $ 63.97 and has cracked $ 62.48 on the downward trend
According to the previous trading day, closing price of $ 62.95, representing a 50.98 % increase from the 52 week low of $ 42.86 and a 0.83 % decrease over the 52 week high of $ 65.25.
The company has a market capital of $ 4.39 billion and is part of the Financial Services sector and Capital Markets industry.
Recent Analyst recommendations
- On 12th October 2020, maintained by Morgan Stanley at Equal-Weight rating, with $ 65.00 target price.
- On 2nd October 2020, downgraded by UBS Group to Neutral from Buy rating.
Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 0.33 per share on July 28, 2020. The dividend were payable on September 15, 2020 to holders of record as of the close of business on September 2, 2020 and ex-dividend date on September 1, 2020.
Houlihan Lokey, Inc., an investment banking company, provides merger and acquisition (M&A), capital market, financial restructuring, and financial advisory services worldwide. It operates in three segments: Corporate Finance, Financial Restructuring, and Financial Advisory Services. 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.
