LPL Financial (NASDAQ:LPLA – Get Free Report) is anticipated to post its quarterly earnings results after the market closes on Thursday, January 30th. Analysts expect LPL Financial to post earnings of $4.01 per share and revenue of $3.23 billion for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.
LPL Financial (NASDAQ:LPLA – Get Free Report) last announced its quarterly earnings results on Wednesday, October 30th. The financial services provider reported $4.16 EPS for the quarter, beating analysts’ consensus estimates of $3.69 by $0.47. The business had revenue of $3.11 billion during the quarter, compared to analyst estimates of $3.04 billion. LPL Financial had a net margin of 8.73% and a return on equity of 49.47%. LPL Financial’s quarterly revenue was up 6.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $3.74 EPS. On average, analysts expect LPL Financial to post $16 EPS for the current fiscal year and $19 EPS for the next fiscal year.
LPL Financial Stock Performance
Shares of LPLA stock opened at $358.18 on Wednesday. The firm has a market capitalization of $26.82 billion, a PE ratio of 26.93, a price-to-earnings-growth ratio of 1.09 and a beta of 0.87. The firm has a fifty day simple moving average of $333.18 and a two-hundred day simple moving average of $271.86. The company has a current ratio of 2.16, a quick ratio of 2.16 and a debt-to-equity ratio of 1.60. LPL Financial has a 12 month low of $187.19 and a 12 month high of $361.63.
Analysts Set New Price Targets
Check Out Our Latest Stock Report on LPL Financial
Insider Activity at LPL Financial
In other LPL Financial news, Director Aneri Jambusaria sold 305 shares of the company’s stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $331.94, for a total transaction of $101,241.70. Following the sale, the director now directly owns 3,920 shares of the company’s stock, valued at $1,301,204.80. This represents a 7.22 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.30% of the stock is owned by company insiders.
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 enterprises in the United States. Its brokerage offerings include variable and fixed annuities, mutual funds, equities, fixed income, alternative investments, retirement and 529 education savings plans, and insurance.
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