Houlihan Lokey, Inc. to Issue Quarterly Dividend of $0.70 (NYSE:HLI)

Houlihan Lokey, Inc. (NYSE:HLI) announced a quarterly dividend on Wednesday, July 29th. Shareholders of record on Tuesday, September 1st will be paid a dividend of 0.70 per share by the financial services provider on Tuesday, September 15th. This represents a c) dividend on an annualized basis and a yield of 2.0%. The ex-dividend date is Tuesday, September 1st.

Houlihan Lokey has raised its dividend payment by an average of 0.1%annually over the last three years and has increased its dividend annually for the last 9 consecutive years. Houlihan Lokey has a payout ratio of 34.8% meaning its dividend is sufficiently covered by earnings. Analysts expect Houlihan Lokey to earn $9.88 per share next year, which means the company should continue to be able to cover its $2.80 annual dividend with an expected future payout ratio of 28.3%.

Houlihan Lokey Stock Down 4.6%

HLI stock opened at $138.83 on Thursday. Houlihan Lokey has a 52-week low of $130.72 and a 52-week high of $211.78. The stock’s 50 day moving average is $140.38 and its two-hundred day moving average is $152.70. The company has a market capitalization of $9.59 billion, a PE ratio of 22.32, a P/E/G ratio of 1.23 and a beta of 0.95.

Houlihan Lokey (NYSE:HLI) last announced its earnings results on Wednesday, July 29th. The financial services provider reported $1.35 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.64 by ($0.29). The business had revenue of $511.00 million during the quarter, compared to analyst estimates of $602.38 million. Houlihan Lokey had a net margin of 16.26% and a return on equity of 22.88%. The business’s revenue for the quarter was down 15.6% on a year-over-year basis. During the same period in the previous year, the company earned $2.14 earnings per share. As a group, sell-side analysts anticipate that Houlihan Lokey will post 7.91 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the stock. Morgan Stanley dropped their price target on shares of Houlihan Lokey from $193.00 to $187.00 and set an “overweight” rating for the company in a research note on Thursday, July 9th. UBS Group raised their price objective on shares of Houlihan Lokey from $160.00 to $161.00 and gave the stock a “neutral” rating in a report on Wednesday, July 8th. Bank of America assumed coverage on shares of Houlihan Lokey in a research report on Friday, July 10th. They issued a “buy” rating and a $164.00 target price for the company. US Capital Advisors set a $187.00 target price on shares of Houlihan Lokey in a research note on Thursday, July 9th. Finally, Zacks Research raised shares of Houlihan Lokey from a “strong sell” rating to a “hold” rating in a research report on Thursday, June 11th. Five research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $179.62.

Houlihan Lokey Company Profile

Houlihan Lokey, Inc is a global investment bank and financial services firm founded in 1972 and headquartered in Los Angeles, California. The company specializes in advisory services across a broad range of transaction types and financial matters. Since its founding, Houlihan Lokey has grown to serve corporations, financial sponsors, and government entities worldwide, providing expertise in complex and high-stakes engagements.

The firm’s core service offerings include mergers and acquisitions advisory, capital markets advisory, financial restructuring and distressed M&A, and valuation and fairness opinions.