Houlihan Lokey (NYSE:HLI) Announces Earnings Results

Houlihan Lokey (NYSE:HLI) announced its earnings results on Tuesday. The financial services provider reported $1.64 EPS for the quarter, beating the consensus estimate of $1.51 by $0.13, Zacks reports. Houlihan Lokey had a return on equity of 19.29% and a net margin of 15.77%.

Houlihan Lokey Stock Performance

HLI stock opened at $184.16 on Wednesday. The company has a market capitalization of $12.80 billion, a P/E ratio of 37.66 and a beta of 0.69. Houlihan Lokey has a 52-week low of $119.28 and a 52-week high of $192.10. The business has a 50-day simple moving average of $179.23 and a two-hundred day simple moving average of $166.59.

Analyst Ratings Changes

Several brokerages have recently commented on HLI. Wells Fargo & Company reduced their price objective on shares of Houlihan Lokey from $180.00 to $178.00 and set an “underweight” rating for the company in a research report on Tuesday, January 14th. StockNews.com upgraded shares of Houlihan Lokey from a “hold” rating to a “buy” rating in a report on Tuesday. UBS Group lifted their price target on shares of Houlihan Lokey from $170.00 to $190.00 and gave the company a “buy” rating in a research note on Tuesday, October 8th. Morgan Stanley cut shares of Houlihan Lokey from an “equal weight” rating to an “underweight” rating and increased their price objective for the stock from $171.00 to $200.00 in a research report on Monday, December 9th. Finally, Keefe, Bruyette & Woods decreased their target price on Houlihan Lokey from $172.00 to $170.00 and set a “market perform” rating for the company in a research report on Monday, January 13th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, Houlihan Lokey has a consensus rating of “Hold” and a consensus target price of $173.40.

About Houlihan Lokey

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.