LPL Financial (LPLA) to Release Earnings on Wednesday

LPL Financial (NASDAQ:LPLA) will post its quarterly 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. Parties interested in listening to the company’s conference call can do so using this link.

LPL Financial (NASDAQ:LPLA) last announced its quarterly earnings data on Thursday, July 25th. The financial services provider reported $3.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.66 by $0.22. LPL Financial had a net margin of 8.91% and a return on equity of 52.14%. The business had revenue of $2.93 billion for the quarter, compared to analysts’ expectations of $2.89 billion. During the same period last year, the firm posted $3.94 earnings per share. The firm’s quarterly revenue was up 18.8% compared to the same quarter last year. 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 Down 0.4 %

NASDAQ LPLA opened at $260.93 on Monday. The business has a fifty day moving average price of $230.38 and a two-hundred day moving average price of $248.09. The stock has a market capitalization of $19.49 billion, a PE ratio of 19.71, a PEG ratio of 1.38 and a beta of 0.88. LPL Financial has a fifty-two week low of $187.19 and a fifty-two week high of $289.88. The company has a debt-to-equity ratio of 1.77, a current ratio of 2.16 and a quick ratio of 2.16.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on LPLA shares. Bank of America raised LPL Financial from a “neutral” rating to a “buy” rating and set a $268.00 price objective on the stock in a research note on Tuesday, July 30th. UBS Group raised their price target on shares of LPL Financial from $215.00 to $250.00 and gave the company a “neutral” rating in a research note on Tuesday, October 8th. Citigroup lowered their price objective on shares of LPL Financial from $325.00 to $285.00 and set a “buy” rating for the company in a research report on Friday, September 27th. Barclays cut their target price on shares of LPL Financial from $313.00 to $273.00 and set an “overweight” rating on the stock in a research report on Friday, July 26th. Finally, Morgan Stanley upped their price target on shares of LPL Financial from $303.00 to $309.00 and gave the stock an “overweight” rating in a report on Thursday, October 17th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target 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.