Zacks: Analysts Anticipate LPL Financial Holdings Inc. (LPLA) Will Announce Quarterly Sales of $1.07 Billion

Analysts predict that LPL Financial Holdings Inc. (NASDAQ:LPLA) will announce $1.07 billion in sales for the current quarter, according to Zacks. Four analysts have provided estimates for LPL Financial Holdings’ earnings. The lowest sales estimate is $1.06 billion and the highest is $1.08 billion. LPL Financial Holdings reported sales of $1.02 billion during the same quarter last year, which would suggest a positive year-over-year growth rate of 4.9%. The firm is scheduled to report its next quarterly earnings results after the market closes on Thursday, October 26th.

According to Zacks, analysts expect that LPL Financial Holdings will report full year sales of $1.07 billion for the current year, with estimates ranging from $4.26 billion to $4.32 billion. For the next year, analysts forecast that the company will post sales of $5.02 billion per share, with estimates ranging from $4.93 billion to $5.14 billion. Zacks’ sales calculations are an average based on a survey of research analysts that follow LPL Financial Holdings.

LPL Financial Holdings (NASDAQ:LPLA) last released its quarterly earnings data on Thursday, July 27th. The financial services provider reported $0.74 earnings per share for the quarter, beating analysts’ consensus estimates of $0.66 by $0.08. The firm had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.05 billion. LPL Financial Holdings had a net margin of 5.10% and a return on equity of 26.45%. The business’s quarterly revenue was up 4.5% compared to the same quarter last year. During the same period last year, the firm earned $0.53 earnings per share.

Several equities analysts have issued reports on the stock. BidaskClub upgraded shares of LPL Financial Holdings from a “hold” rating to a “buy” rating in a research note on Tuesday, July 25th. Morgan Stanley reaffirmed an “underweight” rating and set a $38.00 price target (up previously from $35.00) on shares of LPL Financial Holdings in a research report on Monday, July 10th. Zacks Investment Research lowered shares of LPL Financial Holdings from a “buy” rating to a “hold” rating in a report on Wednesday, September 20th. ValuEngine lowered shares of LPL Financial Holdings from a “buy” rating to a “hold” rating in a report on Friday. Finally, SunTrust Banks, Inc. raised shares of LPL Financial Holdings from a “hold” rating to a “buy” rating and increased their target price for the stock from $49.00 to $55.00 in a report on Wednesday, August 16th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $48.60.

Shares of LPL Financial Holdings (LPLA) opened at 53.14 on Tuesday. The stock has a market cap of $4.78 billion, a P/E ratio of 23.08 and a beta of 1.87. LPL Financial Holdings has a one year low of $30.18 and a one year high of $53.58. The stock has a 50 day moving average of $48.37 and a 200 day moving average of $43.53.

COPYRIGHT VIOLATION NOTICE: “Zacks: Analysts Anticipate LPL Financial Holdings Inc. (LPLA) Will Announce Quarterly Sales of $1.07 Billion” was published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this piece of content on another publication, it was stolen and reposted in violation of United States and international trademark & copyright laws. The correct version of this piece of content can be read at https://ledgergazette.com/2017/10/10/zacks-analysts-anticipate-lpl-financial-holdings-inc-lpla-will-announce-quarterly-sales-of-1-07-billion-2.html.

Several institutional investors have recently added to or reduced their stakes in the stock. Janus Henderson Group PLC acquired a new stake in shares of LPL Financial Holdings during the second quarter worth about $399,202,000. Janus Capital Management LLC lifted its holdings in LPL Financial Holdings by 13.1% in the first quarter. Janus Capital Management LLC now owns 8,996,531 shares of the financial services provider’s stock valued at $358,332,000 after acquiring an additional 1,038,731 shares during the period. Vanguard Group Inc. lifted its holdings in LPL Financial Holdings by 10.4% in the second quarter. Vanguard Group Inc. now owns 8,779,510 shares of the financial services provider’s stock valued at $372,778,000 after acquiring an additional 827,372 shares during the period. BlackRock Inc. lifted its holdings in LPL Financial Holdings by 1.3% in the second quarter. BlackRock Inc. now owns 3,558,615 shares of the financial services provider’s stock valued at $151,098,000 after acquiring an additional 46,013 shares during the period. Finally, Samlyn Capital LLC lifted its holdings in LPL Financial Holdings by 55.6% in the second quarter. Samlyn Capital LLC now owns 1,480,439 shares of the financial services provider’s stock valued at $62,860,000 after acquiring an additional 528,780 shares during the period. 89.73% of the stock is owned by hedge funds and other institutional investors.

LPL Financial Holdings Company Profile

LPL Financial Holdings Inc is a broker-dealer, a custodian for registered investment advisors and an independent consultant to retirement plans. The Company provides a platform of brokerage and investment advisory services to independent financial advisors, including financial advisors at financial institutions across the country.

Get a free copy of the Zacks research report on LPL Financial Holdings (LPLA)

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According to Zacks, analysts expect that LPL Financial Holdings will report full year sales of $1.07 billion for the current year, with estimates ranging from $4.26 billion to $4.32 billion. For the next year, analysts forecast that the company will post sales of $5.02 billion per share, with estimates ranging from $4.93 billion to $5.14 billion. Zacks’ sales calculations are an average based on a survey of research analysts that follow LPL Financial Holdings.

LPL Financial Holdings (NASDAQ:LPLA) last released its quarterly earnings data on Thursday, July 27th. The financial services provider reported $0.74 earnings per share for the quarter, beating analysts’ consensus estimates of $0.66 by $0.08. The firm had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.05 billion. LPL Financial Holdings had a net margin of 5.10% and a return on equity of 26.45%. The business’s quarterly revenue was up 4.5% compared to the same quarter last year. During the same period last year, the firm earned $0.53 earnings per share.

Several equities analysts have issued reports on the stock. BidaskClub upgraded shares of LPL Financial Holdings from a “hold” rating to a “buy” rating in a research note on Tuesday, July 25th. Morgan Stanley reaffirmed an “underweight” rating and set a $38.00 price target (up previously from $35.00) on shares of LPL Financial Holdings in a research report on Monday, July 10th. Zacks Investment Research lowered shares of LPL Financial Holdings from a “buy” rating to a “hold” rating in a report on Wednesday, September 20th. ValuEngine lowered shares of LPL Financial Holdings from a “buy” rating to a “hold” rating in a report on Friday. Finally, SunTrust Banks, Inc. raised shares of LPL Financial Holdings from a “hold” rating to a “buy” rating and increased their target price for the stock from $49.00 to $55.00 in a report on Wednesday, August 16th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $48.60.

Shares of LPL Financial Holdings (LPLA) opened at 53.14 on Tuesday. The stock has a market cap of $4.78 billion, a P/E ratio of 23.08 and a beta of 1.87. LPL Financial Holdings has a one year low of $30.18 and a one year high of $53.58. The stock has a 50 day moving average of $48.37 and a 200 day moving average of $43.53.

COPYRIGHT VIOLATION NOTICE: “Zacks: Analysts Anticipate LPL Financial Holdings Inc. (LPLA) Will Announce Quarterly Sales of $1.07 Billion” was published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this piece of content on another publication, it was stolen and reposted in violation of United States and international trademark & copyright laws. The correct version of this piece of content can be read at https://ledgergazette.com/2017/10/10/zacks-analysts-anticipate-lpl-financial-holdings-inc-lpla-will-announce-quarterly-sales-of-1-07-billion-2.html.

Several institutional investors have recently added to or reduced their stakes in the stock. Janus Henderson Group PLC acquired a new stake in shares of LPL Financial Holdings during the second quarter worth about $399,202,000. Janus Capital Management LLC lifted its holdings in LPL Financial Holdings by 13.1% in the first quarter. Janus Capital Management LLC now owns 8,996,531 shares of the financial services provider’s stock valued at $358,332,000 after acquiring an additional 1,038,731 shares during the period. Vanguard Group Inc. lifted its holdings in LPL Financial Holdings by 10.4% in the second quarter. Vanguard Group Inc. now owns 8,779,510 shares of the financial services provider’s stock valued at $372,778,000 after acquiring an additional 827,372 shares during the period. BlackRock Inc. lifted its holdings in LPL Financial Holdings by 1.3% in the second quarter. BlackRock Inc. now owns 3,558,615 shares of the financial services provider’s stock valued at $151,098,000 after acquiring an additional 46,013 shares during the period. Finally, Samlyn Capital LLC lifted its holdings in LPL Financial Holdings by 55.6% in the second quarter. Samlyn Capital LLC now owns 1,480,439 shares of the financial services provider’s stock valued at $62,860,000 after acquiring an additional 528,780 shares during the period. 89.73% of the stock is owned by hedge funds and other institutional investors.

LPL Financial Holdings Company Profile

LPL Financial Holdings Inc is a broker-dealer, a custodian for registered investment advisors and an independent consultant to retirement plans. The Company provides a platform of brokerage and investment advisory services to independent financial advisors, including financial advisors at financial institutions across the country.

Get a free copy of the Zacks research report on LPL Financial Holdings (LPLA)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for LPL Financial Holdings (NASDAQ:LPLA)

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