LPL Financial (LPLA) to Release Quarterly Earnings on Tuesday

LPL Financial (NASDAQ:LPLA) is scheduled to be posting its quarterly earnings results after the market closes on Tuesday, April 30th. Analysts expect LPL Financial to post earnings of $3.79 per share for the quarter. Individual interested in registering for the company’s earnings conference call can do so using this link.

LPL Financial (NASDAQ:LPLA) last issued its quarterly earnings results on Thursday, February 1st. The financial services provider reported $3.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.33 by $0.18. The company had revenue of $2.64 billion for the quarter, compared to analyst estimates of $2.55 billion. LPL Financial had a return on equity of 57.68% and a net margin of 10.61%. The company’s revenue for the quarter was up 13.3% compared to the same quarter last year. During the same quarter last year, the company posted $4.21 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 Trading Up 0.6 %

Shares of LPL Financial stock opened at $264.29 on Tuesday. The firm’s 50 day moving average is $263.14 and its 200 day moving average is $241.11. The firm has a market capitalization of $19.74 billion, a PE ratio of 19.36, a price-to-earnings-growth ratio of 1.27 and a beta of 0.84. LPL Financial has a 1 year low of $179.00 and a 1 year high of $274.35. The company has a current ratio of 1.77, a quick ratio of 1.77 and a debt-to-equity ratio of 1.80.

LPL Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 26th. Investors of record on Tuesday, March 12th were issued a $0.30 dividend. The ex-dividend date of this dividend was Monday, March 11th. This represents a $1.20 dividend on an annualized basis and a yield of 0.45%. LPL Financial’s dividend payout ratio (DPR) is presently 8.79%.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Barclays upped their price target on LPL Financial from $302.00 to $312.00 and gave the company an “overweight” rating in a research report on Monday, April 8th. JMP Securities raised their price target on shares of LPL Financial from $290.00 to $305.00 and gave the stock a “market outperform” rating in a report on Tuesday, April 9th. JPMorgan Chase & Co. upped their price objective on shares of LPL Financial from $254.00 to $260.00 and gave the company a “neutral” rating in a research note on Tuesday, April 2nd. TD Cowen boosted their target price on shares of LPL Financial from $266.00 to $269.00 and gave the company a “market perform” rating in a report on Friday, March 22nd. Finally, Morgan Stanley upgraded LPL Financial from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $254.00 to $315.00 in a report on Tuesday, April 9th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $268.36.

Insider Activity

In other LPL Financial news, CEO Dan H. Arnold sold 34,807 shares of the firm’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $266.54, for a total value of $9,277,457.78. Following the completion of the sale, the chief executive officer now directly owns 141,810 shares in the company, valued at $37,798,037.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other LPL Financial news, CEO Dan H. Arnold sold 34,807 shares of the stock in a transaction on Monday, February 26th. The stock was sold at an average price of $266.54, for a total value of $9,277,457.78. Following the completion of the transaction, the chief executive officer now owns 141,810 shares in the company, valued at $37,798,037.40. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Dan H. Arnold sold 10,000 shares of the stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $256.35, for a total transaction of $2,563,500.00. Following the completion of the transaction, the chief executive officer now owns 137,044 shares of the company’s stock, valued at $35,131,229.40. The disclosure for this sale can be found here. Over the last three months, insiders have sold 60,151 shares of company stock valued at $15,911,088. Company insiders own 1.30% of the company’s stock.

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.