Houlihan Lokey, Inc. (HLI) to Issue Quarterly Dividend of $0.70 on September 15th

Houlihan Lokey, Inc. (NYSE:HLI) announced a quarterly dividend on Wednesday, July 29th. Shareholders of record on Tuesday, September 1st will be given 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 2.1%. The ex-dividend date is Tuesday, September 1st.

Houlihan Lokey has raised its dividend 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 dividend payout ratio of 34.8% meaning its dividend is sufficiently covered by earnings. Research analysts expect Houlihan Lokey to earn $9.02 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 31.0%.

Houlihan Lokey Trading Up 1.9%

Shares of NYSE:HLI opened at $133.25 on Friday. The company has a market capitalization of $9.20 billion, a PE ratio of 22.39, a P/E/G ratio of 1.53 and a beta of 0.95. Houlihan Lokey has a twelve month low of $112.83 and a twelve month high of $211.78. The firm has a 50 day simple moving average of $134.07 and a 200-day simple moving average of $144.92.

Houlihan Lokey (NYSE:HLI) last posted its earnings results on Wednesday, July 29th. The financial services provider reported $1.35 EPS for the quarter, missing analysts’ consensus estimates of $1.64 by ($0.29). Houlihan Lokey had a net margin of 16.10% and a return on equity of 20.20%. The company had revenue of $511.00 million during the quarter, compared to analysts’ expectations of $602.38 million. During the same period last year, the business earned $2.14 earnings per share. The company’s quarterly revenue was down 15.6% on a year-over-year basis. As a group, equities research analysts predict that Houlihan Lokey will post 6.93 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the company. Keefe, Bruyette & Woods dropped their price objective on Houlihan Lokey from $160.00 to $153.00 and set an “outperform” rating on the stock in a report on Thursday, July 30th. UBS Group reduced their target price on Houlihan Lokey from $161.00 to $147.00 and set a “neutral” rating for the company in a report on Thursday, July 30th. BMO Capital Markets decreased their target price on Houlihan Lokey from $160.00 to $145.00 and set an “outperform” rating for the company in a research report on Monday, August 3rd. US Capital Advisors set a $187.00 price target on Houlihan Lokey in a research note on Thursday, July 9th. Finally, Wall Street Zen lowered Houlihan Lokey from a “hold” rating to a “sell” rating in a research report on Saturday, August 8th. Five investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Houlihan Lokey has a consensus rating of “Hold” and an average price target of $166.38.

About Houlihan Lokey

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.