LendingClub Corporation (NYSE:LC) is set to announce its earnings results after the market closes on Tuesday, November 7th. Analysts expect the company to announce earnings of $0.03 per share for the quarter.
LendingClub Corporation (NYSE:LC) last released its quarterly earnings data on Monday, August 7th. The credit services provider reported ($0.06) earnings per share for the quarter, meeting the Zacks’ consensus estimate of ($0.06). The business had revenue of $139.60 million during the quarter, compared to analyst estimates of $134.02 million. LendingClub Corporation had a negative return on equity of 11.97% and a negative net margin of 24.52%. The company’s revenue was up 35.0% on a year-over-year basis. During the same quarter last year, the business posted ($0.09) EPS. On average, analysts expect LendingClub Corporation to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.
LendingClub Corporation (NYSE:LC) opened at $5.63 on Monday. LendingClub Corporation has a 52 week low of $4.92 and a 52 week high of $6.78. The company has a debt-to-equity ratio of 3.87, a quick ratio of 18.90 and a current ratio of 19.05.
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A number of equities analysts have weighed in on LC shares. Zacks Investment Research lowered LendingClub Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, July 11th. BidaskClub lowered LendingClub Corporation from a “hold” rating to a “sell” rating in a research note on Monday, July 24th. UBS AG upgraded LendingClub Corporation from a “market perform” rating to an “outperform” rating in a research note on Thursday, August 3rd. Oppenheimer Holdings, Inc. upgraded LendingClub Corporation from a “market perform” rating to an “outperform” rating and set a $7.00 price objective for the company in a research note on Thursday, August 3rd. Finally, CIBC upgraded LendingClub Corporation from a “market perform” rating to an “outperform” rating in a research note on Thursday, August 3rd. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and nine have assigned a buy rating to the company. LendingClub Corporation presently has an average rating of “Hold” and a consensus price target of $6.80.
In related news, Director John J. Mack bought 10,000 shares of the stock in a transaction dated Friday, August 11th. The shares were acquired at an average cost of $5.90 per share, for a total transaction of $59,000.00. Following the acquisition, the director now directly owns 1,493,673 shares in the company, valued at approximately $8,812,670.70. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Scott Sanborn sold 46,667 shares of the business’s stock in a transaction that occurred on Monday, August 14th. The stock was sold at an average price of $5.77, for a total value of $269,268.59. Following the transaction, the chief executive officer now owns 970,337 shares in the company, valued at $5,598,844.49. The disclosure for this sale can be found here. Over the last quarter, insiders sold 213,116 shares of company stock worth $1,288,135. 11.40% of the stock is currently owned by insiders.
LendingClub Corporation Company Profile
LendingClub Corporation provides online marketplace to connect borrowers and investors. Consumers and small business owners borrow through Lending Club. Investors use Lending Club to earn risk-adjusted returns from an asset class that has been closed to many investors and only available on a limited basis to large institutional investors.
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