LPL Financial (LPLA) Scheduled to Post Earnings on Wednesday

LPL Financial (NASDAQ:LPLA) will be announcing its earnings results after the market closes on Wednesday, October 30th. Analysts expect LPL Financial to post earnings of $3.73 per share for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.

LPL Financial (NASDAQ:LPLA) last announced its quarterly earnings results on Thursday, July 25th. The financial services provider reported $3.88 EPS for the quarter, beating the consensus estimate of $3.66 by $0.22. The business had revenue of $2.93 billion during the quarter, compared to analysts’ expectations of $2.89 billion. LPL Financial had a return on equity of 52.14% and a net margin of 8.91%. The firm’s quarterly revenue was up 18.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.94 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 Down 0.1 %

Shares of NASDAQ:LPLA opened at $256.08 on Wednesday. The stock has a market capitalization of $19.13 billion, a PE ratio of 19.34, a P/E/G ratio of 1.32 and a beta of 0.88. The firm has a fifty day moving average price of $227.89 and a 200 day moving average price of $248.08. LPL Financial has a 1 year low of $187.19 and a 1 year high of $289.88. The company has a current ratio of 2.16, a quick ratio of 2.16 and a debt-to-equity ratio of 1.77.

Analyst Ratings Changes

LPLA has been the subject of a number of research analyst reports. UBS Group boosted their target price on shares of LPL Financial from $215.00 to $250.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 8th. Wells Fargo & Company raised LPL Financial from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $235.00 to $285.00 in a report on Wednesday, October 9th. TD Cowen raised their target price on LPL Financial from $243.00 to $255.00 and gave the stock a “hold” rating in a research report on Friday, July 26th. Citigroup reduced their price target on shares of LPL Financial from $325.00 to $285.00 and set a “buy” rating on the stock in a research report on Friday, September 27th. Finally, Jefferies Financial Group reduced their price target on shares of LPL Financial from $309.00 to $282.00 and set a “buy” rating on the stock in a research report on Friday, October 4th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $277.77.

About LPL Financial

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.