Wall Street brokerages predict that LendingClub Corp (NYSE:LC) will post $0.04 earnings per share for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for LendingClub’s earnings, with the lowest EPS estimate coming in at $0.01 and the highest estimate coming in at $0.05. LendingClub posted earnings of $0.15 per share during the same quarter last year, which would indicate a negative year-over-year growth rate of 73.3%. The business is scheduled to issue its next earnings report on Tuesday, February 18th.
According to Zacks, analysts expect that LendingClub will report full-year earnings of ($0.04) per share for the current financial year, with EPS estimates ranging from ($0.14) to $0.00. For the next year, analysts forecast that the firm will post earnings of $0.60 per share, with EPS estimates ranging from $0.31 to $1.17. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research analysts that follow LendingClub.
LendingClub (NYSE:LC) last released its quarterly earnings results on Tuesday, November 5th. The credit services provider reported $0.09 EPS for the quarter, beating the consensus estimate of $0.01 by $0.08. The business had revenue of $204.90 million for the quarter, compared to analyst estimates of $204.63 million. LendingClub had a negative net margin of 5.91% and a negative return on equity of 1.02%. The company’s quarterly revenue was up 10.9% on a year-over-year basis. During the same period in the prior year, the business earned $0.03 earnings per share.
A number of analysts recently issued reports on the stock. Maxim Group restated a “buy” rating and set a $23.00 target price on shares of LendingClub in a research report on Thursday, November 7th. ValuEngine upgraded shares of LendingClub from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. BTIG Research decreased their target price on shares of LendingClub from $30.00 to $23.00 and set a “buy” rating on the stock in a research report on Monday, October 14th. Finally, Zacks Investment Research upgraded shares of LendingClub from a “hold” rating to a “buy” rating and set a $16.00 target price on the stock in a research report on Saturday, November 9th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $20.80.
Shares of LC stock traded down $0.21 during trading hours on Thursday, hitting $13.11. The company’s stock had a trading volume of 798,328 shares, compared to its average volume of 552,273. LendingClub has a twelve month low of $10.89 and a twelve month high of $18.85. The business has a fifty day moving average of $12.87 and a 200-day moving average of $10.16. The stock has a market cap of $1.19 billion, a price-to-earnings ratio of -37.46 and a beta of 1.60. The company has a current ratio of 5.93, a quick ratio of 4.20 and a debt-to-equity ratio of 1.97.
In other LendingClub news, insider Valerie Kay sold 1,900 shares of the stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $14.54, for a total transaction of $27,626.00. Following the transaction, the insider now owns 53,565 shares of the company’s stock, valued at $778,835.10. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Timothy Bogan sold 10,463 shares of the stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $14.34, for a total transaction of $150,039.42. Following the transaction, the insider now directly owns 59,541 shares in the company, valued at approximately $853,817.94. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 24,463 shares of company stock worth $447,989. 4.20% of the stock is owned by company insiders.
Large investors have recently bought and sold shares of the business. Jane Street Group LLC raised its stake in LendingClub by 166.5% during the second quarter. Jane Street Group LLC now owns 209,145 shares of the credit services provider’s stock worth $686,000 after purchasing an additional 130,681 shares during the period. Bank of America Corp DE raised its stake in LendingClub by 165.1% during the second quarter. Bank of America Corp DE now owns 461,358 shares of the credit services provider’s stock worth $1,514,000 after purchasing an additional 287,353 shares during the period. Assenagon Asset Management S.A. purchased a new position in LendingClub during the third quarter worth approximately $2,056,000. UBS Asset Management Americas Inc. raised its stake in LendingClub by 9.5% during the second quarter. UBS Asset Management Americas Inc. now owns 223,465 shares of the credit services provider’s stock worth $733,000 after purchasing an additional 19,328 shares during the period. Finally, Balyasny Asset Management LLC purchased a new position in LendingClub during the second quarter worth approximately $150,000.
LendingClub Company Profile
LendingClub Corporation operates an online lending marketplace platform that connects borrowers and investors in the United States. The company's marketplace facilitates various types of loan products for consumers and small businesses, including unsecured personal loans, unsecured education and patient installment loans, auto refinance loans, and small business loans.
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