LPL Financial Holdings Inc (LPLA) Expected to Post Earnings of $1.34 Per Share

Equities analysts forecast that LPL Financial Holdings Inc (NASDAQ:LPLA) will report earnings of $1.34 per share for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for LPL Financial’s earnings, with the lowest EPS estimate coming in at $1.26 and the highest estimate coming in at $1.42. LPL Financial posted earnings per share of $0.89 during the same quarter last year, which would suggest a positive year-over-year growth rate of 50.6%. The company is expected to issue its next earnings results on Thursday, February 7th.

On average, analysts expect that LPL Financial will report full year earnings of $5.16 per share for the current fiscal year, with EPS estimates ranging from $5.01 to $5.27. For the next year, analysts anticipate that the business will report earnings of $6.10 per share, with EPS estimates ranging from $5.83 to $6.47. Zacks’ EPS averages are a mean average based on a survey of sell-side research analysts that that provide coverage for LPL Financial.

LPL Financial (NASDAQ:LPLA) last issued its earnings results on Thursday, October 25th. The financial services provider reported $1.32 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.24 by $0.08. The business had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.30 billion. LPL Financial had a net margin of 7.68% and a return on equity of 41.69%.

Several research analysts have weighed in on the stock. BidaskClub upgraded shares of LPL Financial from a “sell” rating to a “hold” rating in a report on Thursday. Citigroup upped their price objective on shares of LPL Financial from $80.00 to $84.00 and gave the stock a “buy” rating in a report on Tuesday, October 30th. Credit Suisse Group lowered their price objective on shares of LPL Financial from $91.00 to $88.00 and set an “outperform” rating on the stock in a report on Friday, October 26th. ValuEngine downgraded shares of LPL Financial from a “hold” rating to a “sell” rating in a report on Tuesday, October 23rd. Finally, Zacks Investment Research downgraded shares of LPL Financial from a “strong-buy” rating to a “hold” rating in a report on Friday, October 5th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have issued a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $78.18.

In other news, Director Michelle Oroschakoff sold 6,000 shares of the stock in a transaction dated Monday, August 27th. The shares were sold at an average price of $67.11, for a total value of $402,660.00. Following the completion of the sale, the director now owns 19,811 shares in the company, valued at $1,329,516.21. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 2.60% of the company’s stock.

Hedge funds have recently made changes to their positions in the company. Soros Fund Management LLC raised its holdings in shares of LPL Financial by 106.6% in the second quarter. Soros Fund Management LLC now owns 571,971 shares of the financial services provider’s stock valued at $37,487,000 after purchasing an additional 295,171 shares during the last quarter. Great West Life Assurance Co. Can increased its holdings in LPL Financial by 12.1% during the second quarter. Great West Life Assurance Co. Can now owns 9,853 shares of the financial services provider’s stock worth $646,000 after buying an additional 1,065 shares during the last quarter. Clearfield Capital Management LP increased its holdings in LPL Financial by 35.2% during the second quarter. Clearfield Capital Management LP now owns 390,864 shares of the financial services provider’s stock worth $25,617,000 after buying an additional 101,796 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in LPL Financial by 9.1% during the second quarter. Bank of New York Mellon Corp now owns 1,459,068 shares of the financial services provider’s stock worth $95,628,000 after buying an additional 121,656 shares during the last quarter. Finally, Private Advisor Group LLC increased its holdings in LPL Financial by 116.9% during the second quarter. Private Advisor Group LLC now owns 14,550 shares of the financial services provider’s stock worth $960,000 after buying an additional 7,842 shares during the last quarter. Institutional investors own 94.47% of the company’s stock.

NASDAQ LPLA traded up $1.26 on Friday, hitting $65.69. 821,300 shares of the company were exchanged, compared to its average volume of 798,192. The firm has a market cap of $5.50 billion, a PE ratio of 21.90, a P/E/G ratio of 0.82 and a beta of 1.59. LPL Financial has a 12 month low of $48.13 and a 12 month high of $73.28. The company has a quick ratio of 1.40, a current ratio of 1.40 and a debt-to-equity ratio of 2.43.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 26th. Shareholders of record on Thursday, November 8th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Wednesday, November 7th. This represents a $1.00 annualized dividend and a yield of 1.52%. LPL Financial’s payout ratio is 33.33%.

About LPL Financial

LPL Financial Holdings Inc, together with its subsidiaries, provides an integrated platform of brokerage and investment advisory services to independent financial advisors and financial advisors at financial institutions in the United States. Its brokerage offerings include variable and fixed annuities, mutual funds, equities, retirement and 529 education savings plans, fixed income, and insurance, as well as alternative investments, such as non-traded real estate investment trusts and business development companies.

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Earnings History and Estimates for LPL Financial (NASDAQ:LPLA)

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