Zacks: Brokerages Anticipate LPL Financial Holdings Inc (NASDAQ:LPLA) Will Announce Earnings of $1.65 Per Share

Equities research analysts expect LPL Financial Holdings Inc (NASDAQ:LPLA) to announce earnings per share of $1.65 for the current quarter, according to Zacks. Two analysts have made estimates for LPL Financial’s earnings, with the highest EPS estimate coming in at $1.68 and the lowest estimate coming in at $1.63. LPL Financial reported earnings per share of $1.49 during the same quarter last year, which would suggest a positive year over year growth rate of 10.7%. The firm is expected to announce its next quarterly earnings report on Thursday, January 30th.

On average, analysts expect that LPL Financial will report full-year earnings of $7.15 per share for the current year, with EPS estimates ranging from $7.13 to $7.17. For the next year, analysts expect that the firm will post earnings of $7.19 per share, with EPS estimates ranging from $6.89 to $7.57. Zacks’ earnings per share calculations are an average based on a survey of sell-side research analysts that that provide coverage for LPL Financial.

LPL Financial (NASDAQ:LPLA) last issued its quarterly earnings results on Thursday, October 24th. The financial services provider reported $1.71 EPS for the quarter, beating the Zacks’ consensus estimate of $1.61 by $0.10. The business had revenue of $1.42 billion for the quarter, compared to analysts’ expectations of $1.42 billion. LPL Financial had a net margin of 10.07% and a return on equity of 59.56%. The business’s quarterly revenue was up 6.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.19 earnings per share.

Several equities analysts have recently weighed in on LPLA shares. Citigroup upped their price objective on shares of LPL Financial from $105.00 to $110.00 and gave the company a “sell” rating in a report on Friday, November 15th. Zacks Investment Research upgraded shares of LPL Financial from a “sell” rating to a “hold” rating in a report on Tuesday, October 29th. Morgan Stanley dropped their price objective on shares of LPL Financial from $90.00 to $84.00 and set an “equal weight” rating on the stock in a report on Monday, October 14th. ValuEngine lowered shares of LPL Financial from a “hold” rating to a “sell” rating in a report on Tuesday. Finally, Credit Suisse Group lowered their target price on shares of LPL Financial from $110.00 to $98.00 and set an “outperform” rating on the stock in a report on Tuesday, October 1st. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $92.64.

In other LPL Financial news, Director George Burton White sold 51,140 shares of the company’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $86.34, for a total value of $4,415,427.60. Following the completion of the sale, the director now directly owns 40,809 shares of the company’s stock, valued at approximately $3,523,449.06. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Tracy Calder sold 13,181 shares of the company’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $91.60, for a total transaction of $1,207,379.60. Following the completion of the sale, the director now directly owns 8,089 shares of the company’s stock, valued at $740,952.40. The disclosure for this sale can be found here. Insiders sold a total of 149,600 shares of company stock worth $12,483,871 in the last 90 days. 2.20% of the stock is currently owned by company insiders.

A number of hedge funds have recently modified their holdings of LPLA. DekaBank Deutsche Girozentrale bought a new stake in LPL Financial in the 2nd quarter worth about $34,000. Captrust Financial Advisors grew its position in LPL Financial by 70,000.0% in the 2nd quarter. Captrust Financial Advisors now owns 701 shares of the financial services provider’s stock worth $57,000 after purchasing an additional 700 shares in the last quarter. Tower Research Capital LLC TRC bought a new stake in LPL Financial in the 3rd quarter worth about $75,000. Advisory Services Network LLC grew its position in LPL Financial by 59.5% in the 2nd quarter. Advisory Services Network LLC now owns 965 shares of the financial services provider’s stock worth $79,000 after purchasing an additional 360 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. grew its position in LPL Financial by 610.1% in the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 987 shares of the financial services provider’s stock worth $80,000 after purchasing an additional 848 shares in the last quarter. 93.76% of the stock is owned by institutional investors and hedge funds.

Shares of NASDAQ LPLA traded up $1.20 during trading on Wednesday, hitting $91.67. 451,207 shares of the company traded hands, compared to its average volume of 700,405. The business’s fifty day moving average is $85.44 and its 200 day moving average is $81.62. LPL Financial has a fifty-two week low of $56.20 and a fifty-two week high of $92.99. The firm has a market capitalization of $7.40 billion, a price-to-earnings ratio of 17.20, a P/E/G ratio of 0.86 and a beta of 1.43. The company has a debt-to-equity ratio of 2.56, a quick ratio of 1.33 and a current ratio of 1.33.

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 21st. Investors of record on Thursday, November 7th were issued a $0.25 dividend. The ex-dividend date was Wednesday, November 6th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.09%. LPL Financial’s dividend payout ratio is presently 18.76%.

LPL Financial Company Profile

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.

Read More: Buy Rating

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

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