Houlihan Lokey, Inc. (NYSE:HLI) is set to announce first quarter earning results on Tuesday 28th July 2020, after market close.
Analysts surveyed by Thomson Reuters are predicting, HLI to report 1Q21 income of $ 0.57 per share.
For the full year, analysts anticipate top line of $ 1022.89 million, while looking forward to income of $ 2.50 per share bottom line.
Previous Quarter Performance
Houlihan Lokey, Inc. revealed income for the fourth quarter of $ 0.96 per share, from the revenue of $ 302.69 million. The quarterly earnings grew 11.63 percent while revenues expanded 3.88 percent compared with the same quarter last year.
Wall street analysts are predicting, HLI to report 4Q20 income of $ 0.77 per share from revenue of $ 289.09 million. The bottom line results beat street analysts by $ 0.19 or 24.68 percent, at the same time, top line results outshined analysts by $ 13.60 million or 4.70 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of HLI was $ 56.03, representing a 34.04 % increase from the 52 week low of $ 41.80 and a 13.59 % decrease over the 52 week high of $ 64.84.
The company has a market capital of $ 3.83 billion and is part of the Financial Services sector and Capital Markets industry.
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Recent Analyst recommendations
- On 10th July 2020, downgraded by JPMorgan Chase & Co. to Neutral from Overweight rating, with $ 57.00 target price.
Recent Stock Dividend Announcement
On May 12, 2020, the board of directors authorized quarterly dividend of $ 0.31 per share to holders of record as of the close of business on June 5, 2020, with payment date of June 15, 2020 and ex-dividend date on June 4, 2020.
Conference Call
Houlihan Lokey, Inc. will be hosting a conference call at 5:00 PM eastern time on 28th July 2020, to discuss its 1Q21 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.hl.com
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.
