LPL Financial (NASDAQ:LPLA) will announce its earnings results after the market closes on Thursday, October 25th. Analysts expect the company to announce earnings of $1.31 per share for the quarter.
LPL Financial (NASDAQ:LPLA) last issued its quarterly earnings results on Thursday, July 26th. The financial services provider reported $1.30 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.20 by $0.10. The company had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.28 billion. LPL Financial had a return on equity of 35.98% and a net margin of 7.09%. LPL Financial’s revenue was up 21.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.74 EPS. On average, analysts expect LPL Financial to post $5 EPS for the current fiscal year and $6 EPS for the next fiscal year.
Shares of LPLA opened at $60.78 on Thursday. The company has a debt-to-equity ratio of 2.36, a current ratio of 1.44 and a quick ratio of 1.44. The firm has a market capitalization of $5.68 billion, a price-to-earnings ratio of 20.25, a price-to-earnings-growth ratio of 0.83 and a beta of 1.70. LPL Financial has a fifty-two week low of $48.13 and a fifty-two week high of $73.28.
In other news, Director Michelle Oroschakoff sold 6,000 shares of the firm’s stock in a transaction that occurred on Monday, August 27th. The shares were sold at an average price of $67.11, for a total value of $402,660.00. Following the sale, the director now directly owns 19,811 shares in the company, valued at approximately $1,329,516.21. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Over the last 90 days, insiders sold 12,250 shares of company stock worth $820,160. 2.60% of the stock is currently owned by corporate 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 financial institutions in the United States. Its brokerage offerings include variable and fixed annuities, mutual funds, equities, retirement and 529 education savings plans, fixed income, and insurance, as well as alternative investments, such as non-traded real estate investment trusts and business development companies.
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