LPL Financial (LPLA) to Release Quarterly Earnings on Thursday

LPL Financial (NASDAQ:LPLA) 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) 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

LPLA has been the subject of a number of recent research reports. JMP Securities restated a “market outperform” rating and set a $310.00 price target on shares of LPL Financial in a research note on Wednesday, October 9th. Barclays upped their target price on shares of LPL Financial from $378.00 to $379.00 and gave the stock an “overweight” rating in a research note on Monday, January 13th. StockNews.com upgraded shares of LPL Financial from a “sell” rating to a “hold” rating in a research note on Saturday, November 9th. The Goldman Sachs Group upped their target price on shares of LPL Financial from $271.00 to $305.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Finally, Morgan Stanley upped their target price on shares of LPL Financial from $303.00 to $309.00 and gave the stock an “overweight” rating in a research note on Thursday, October 17th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $351.50.

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.