Houlihan Lokey, Inc. (HLI) To Go Ex-Dividend on December 1st

Houlihan Lokey, Inc. (NYSE:HLI) announced a quarterly dividend on Wednesday, October 28th. Shareholders of record on Tuesday, December 1st will be paid a dividend of $0.70 per share by the financial services provider on Tuesday, December 15th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend is Tuesday, December 1st.

Houlihan Lokey has increased its dividend payment by an average of 0.1% per year over the last three years and has raised its dividend every year for the last 9 years. Houlihan Lokey has a payout ratio of 34.8% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Houlihan Lokey to earn $8.80 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 31.8%.

Houlihan Lokey Stock Up 1.7%

NYSE HLI opened at $139.66 on Friday. Houlihan Lokey has a 52 week low of $112.83 and a 52 week high of $202.49. The business’s fifty day simple moving average is $131.01 and its 200-day simple moving average is $145.15. The firm has a market cap of $9.64 billion, a PE ratio of 23.43, a P/E/G ratio of 1.79 and a beta of 1.00.

Houlihan Lokey (NYSE:HLI) last announced its quarterly earnings data on Wednesday, October 28th. The financial services provider reported $1.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.63 by $0.22. Houlihan Lokey had a net margin of 15.78% and a return on equity of 19.97%. The firm had revenue of $692.00 million during the quarter, compared to analyst estimates of $625.88 million. During the same quarter in the prior year, the firm posted $1.84 earnings per share. Houlihan Lokey’s quarterly revenue was up 4.9% on a year-over-year basis. Research analysts expect that Houlihan Lokey will post 6.92 EPS for the current year.

Analysts Set New Price Targets

HLI has been the subject of several analyst reports. US Capital Advisors set a $187.00 price target on shares of Houlihan Lokey in a research note on Thursday, July 9th. The Goldman Sachs Group reduced their price target on shares of Houlihan Lokey from $171.00 to $148.00 and set a “buy” rating on the stock in a research report on Thursday, July 30th. BMO Capital Markets decreased their price objective on Houlihan Lokey from $160.00 to $145.00 and set an “outperform” rating on the stock in a report on Monday, August 3rd. Keefe, Bruyette & Woods lowered their price objective on Houlihan Lokey from $160.00 to $153.00 and set an “outperform” rating for the company in a research report on Thursday, July 30th. Finally, Zacks Research upgraded Houlihan Lokey from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 13th. Seven equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $160.44.

Houlihan Lokey Company Profile

Houlihan Lokey, Inc is a global investment banking and financial advisory firm that provides services to corporations, institutions, financial sponsors and governments. The company advises clients on mergers and acquisitions, capital raising, financial restructuring and other strategic and corporate finance matters.

Its business also includes valuation and financial opinions, including fairness opinions, solvency opinions and other transaction-related analyses. Houlihan Lokey serves clients across a range of industries, with particular expertise in areas such as technology, media and telecommunications; financial services; healthcare; industrials; consumer products and services; and energy and natural resources.

Founded in 1972 by Roger Houlihan and O.