For its first fiscal quarter (ending March 31), LPL Financial Holdings Inc (NASDAQ: LPLA) has reported a -10% decline in E.P.S. from $4.30 a year ago to $3.87 in the current quarter. This performance was $-0.70 short of the consensus estimate of $4.57. E.P.S. were $13.41 for the latest four quarters through March 31 versus $13.23 for the same period a year ago — an increase of 1%.
Recent Price Action
On 4/30/24, LPL Financial Holdings Inc (NASDAQ: LPLA) stock declined modestly by -1.7%, closing at $269.13. Moreover, this decline was accompanied by unusually high trading volume at 157% of normal. Relative to the market the stock has been strong over the last nine months and has risen 1.8% during the last week.
Current PriceTarget Research Rating
LPLA’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.
LPL Financial Holdings has a current Value Trend Rating of B (Positive). This rating combines highly consistent signals from two proprietary PTR measures of a stock’s attractiveness. LPL Financial Holdings has a slightly positive Appreciation Score of 69 and a good Power Rating of 70, and the Positive Value Trend Rating results.
Rating Review
In light of this new information we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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