Wall Street analysts expect LPL Financial Holdings Inc. (NASDAQ:LPLA) to announce earnings per share (EPS) of $0.41 for the current fiscal quarter, Zacks Investment Research reports. Four analysts have issued estimates for LPL Financial’s earnings. The lowest EPS estimate is $0.32 and the highest is $0.57. LPL Financial posted earnings of $0.46 per share during the same quarter last year, which suggests a negative year-over-year growth rate of 10.9%. The firm is expected to issue its next quarterly earnings results on Thursday, February 8th.
According to Zacks, analysts expect that LPL Financial will report full-year earnings of $2.31 per share for the current financial year, with EPS estimates ranging from $2.22 to $2.47. For the next financial year, analysts anticipate that the firm will report earnings of $3.12 per share, with EPS estimates ranging from $2.79 to $3.35. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of analysts that follow LPL Financial.
LPL Financial (NASDAQ:LPLA) last announced its quarterly earnings data on Thursday, October 26th. The financial services provider reported $0.63 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.60 by $0.03. LPL Financial had a net margin of 5.19% and a return on equity of 26.03%. The firm had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.08 billion. During the same quarter in the prior year, the firm posted $0.58 earnings per share. LPL Financial’s quarterly revenue was up 4.6% on a year-over-year basis.
A number of equities research analysts recently issued reports on LPLA shares. Zacks Investment Research raised shares of LPL Financial from a “hold” rating to a “buy” rating and set a $60.00 price objective for the company in a report on Thursday, October 26th. Nomura upped their price objective on shares of LPL Financial from $53.00 to $58.00 and gave the company a “buy” rating in a report on Thursday, August 17th. ValuEngine lowered shares of LPL Financial from a “buy” rating to a “hold” rating in a report on Friday, October 6th. J P Morgan Chase & Co reissued a “neutral” rating and issued a $51.00 price objective (up previously from $48.00) on shares of LPL Financial in a report on Friday, August 18th. Finally, Citigroup upped their price objective on shares of LPL Financial from $60.50 to $65.00 and gave the company a “buy” rating in a report on Monday, October 30th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. LPL Financial presently has an average rating of “Hold” and a consensus price target of $54.55.
Shares of LPL Financial (NASDAQ LPLA) traded down $0.80 on Tuesday, hitting $53.90. 389,778 shares of the company were exchanged, compared to its average volume of 719,775. The company has a debt-to-equity ratio of 2.54, a current ratio of 1.48 and a quick ratio of 1.48. LPL Financial has a 12-month low of $34.01 and a 12-month high of $55.39. The stock has a market capitalization of $4,774.67, a price-to-earnings ratio of 21.26, a P/E/G ratio of 1.77 and a beta of 1.88.
The business also recently announced a quarterly dividend, which was paid on Monday, November 27th. Shareholders of record on Thursday, November 9th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.86%. The ex-dividend date of this dividend was Wednesday, November 8th. LPL Financial’s dividend payout ratio (DPR) is presently 42.55%.
In other LPL Financial news, CEO Dan H. Arnold sold 3,742 shares of the stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of $48.54, for a total transaction of $181,636.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 4.00% of the company’s stock.
Hedge funds have recently made changes to their positions in the business. Mckinley Capital Management LLC Delaware purchased a new position in LPL Financial during the second quarter worth about $104,000. Public Employees Retirement Association of Colorado lifted its position in shares of LPL Financial by 1.9% during the second quarter. Public Employees Retirement Association of Colorado now owns 2,776 shares of the financial services provider’s stock worth $118,000 after purchasing an additional 52 shares in the last quarter. The Manufacturers Life Insurance Company lifted its position in shares of LPL Financial by 8.2% during the second quarter. The Manufacturers Life Insurance Company now owns 2,794 shares of the financial services provider’s stock worth $119,000 after purchasing an additional 211 shares in the last quarter. Comerica Bank acquired a new stake in shares of LPL Financial during the third quarter worth about $200,000. Finally, Virginia Retirement Systems ET AL acquired a new stake in shares of LPL Financial during the third quarter worth about $227,000. 90.33% of the stock is owned by institutional investors.
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LPL Financial Company Profile
LPL Financial Holdings Inc is a broker-dealer, a custodian for registered investment advisors and an independent consultant to retirement plans. The Company provides a platform of brokerage and investment advisory services to independent financial advisors, including financial advisors at financial institutions across the country.
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