LPL Financial Holdings Inc (NASDAQ: LPLA) has reported E.P.S. of $3.26 for its second fiscal quarter (ending June 30) versus $3.70 for the same period a year ago — a decline of -12%. Relative to the consensus estimate of $3.82, this was a shortfall of $-0.56. For the latest four quarters through June 30, E.P.S. were $12.97 compared to $14.93 a year ago — a decline of -13%.
Recent Price Action
LPL Financial Holdings Inc (NASDAQ: LPLA) stock closed at $239.20 on 7/25/24 after a very large increase of 5.4%. Moreover, trading volume in this advance was exceptionally high at 246% of normal. The stock has risen 5.8% during the last week and has been strong relative to the market over the last nine months.
Current PriceTarget Research Rating
LPLA is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to be above the cost of capital.
LPL Financial Holdings has a current Value Trend Rating of A (Highest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing highly consistent signals. LPL Financial Holdings has a good Power Rating of 83 and a good Appreciation Score of 83, with the Highest Value Trend Rating the result.
Rating Review
In light of this new information and positive market action we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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