LendingClub (LC) Set to Announce Earnings on Tuesday

LendingClub (NYSE:LC) will post its quarterly earnings results after the market closes on Tuesday, April 30th. Analysts expect LendingClub to post earnings of $0.03 per share for the quarter. Individual interested in listening to the company’s earnings conference call can do so using this link.

LendingClub (NYSE:LC) last issued its quarterly earnings results on Tuesday, January 30th. The credit services provider reported $0.09 EPS for the quarter, topping the consensus estimate of $0.02 by $0.07. The company had revenue of $185.60 million during the quarter, compared to analysts’ expectations of $182.13 million. LendingClub had a net margin of 4.50% and a return on equity of 3.21%. LendingClub’s revenue was down 29.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.19 EPS. On average, analysts expect LendingClub to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

LendingClub Stock Up 1.0 %

Shares of NYSE LC opened at $8.10 on Friday. The stock has a market cap of $894.32 million, a P/E ratio of 22.50 and a beta of 1.98. The firm has a 50 day moving average price of $8.20 and a 200 day moving average price of $7.55. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.83 and a current ratio of 0.89. LendingClub has a 52-week low of $4.73 and a 52-week high of $10.92.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on LC shares. StockNews.com cut shares of LendingClub from a “hold” rating to a “sell” rating in a report on Friday, March 22nd. Wedbush reiterated an “outperform” rating and issued a $11.00 price target on shares of LendingClub in a report on Wednesday, January 31st. One analyst has rated the stock with a sell rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, LendingClub has a consensus rating of “Moderate Buy” and a consensus target price of $11.30.

LendingClub Company Profile

LendingClub Corporation, operates as a bank holding company, that provides range of financial products and services in the United States. It offers deposit products, including savings accounts, checking accounts, and certificates of deposit. The company also provides loan products, such as consumer loans comprising unsecured personal loans, secured auto refinance loans, and patient and education finance loans; and commercial loans, including small business loans.