|Over a week ago|
Houlihan Lokey raises quarterly dividend to 33c per share from 31c » 16:2207/2807/28/20
The Board of Directors of…
The Board of Directors of the Company declared a regular quarterly cash dividend of $0.33 per share of Class A and Class B common stock, an increase from the previous dividend rate of $0.31 per share. The dividend will be payable on September 15, 2020 to stockholders of record as of the close of business on September 2, 2020.
Houlihan Lokey reports Q1 adjusted EPS 56c, consensus 57c » 16:2107/2807/28/20
Reports Q1 revenue…
Reports Q1 revenue $211.14M, consensus $234.06M. "The business environment continues to present many challenges, but also opportunities. Our Financial Restructuring and Capital Markets businesses are performing well, partially offsetting lower Merger & Acquisition activity, which is down along with the global M&A market. This dynamic is similar to previous economic downturns, where for a few quarters, we experienced restructuring growth that partially offsets a decrease in corporate finance. As the cycle extends, restructuring growth has the potential to fully offset the decrease in corporate finance. This balanced business model enables us to maintain long-term confidence in our results, it keeps our employees busy through the cycles and it allows us to exit any distressed environment better positioned than when we went in. I want to thank our employees who have worked remotely and tirelessly for months and our clients who have put their trust in us during these tumultuous times," stated Scott Beiser, Chief Executive Officer of Houlihan Lokey.
Houlihan Lokey initiated with a Peer Perform at Wolfe Research » 09:0307/2207/22/20
Wolfe Research analyst…
Wolfe Research analyst Steven Chubak initiated coverage of boutique advisors at Market Underweight for the group, starting Houlihan Lokey with a Peer Perform rating and $60 price target.
Houlihan Lokey downgraded to Neutral from Overweight at JPMorgan » 07:1407/1007/10/20
JPMorgan analyst Kenneth…
JPMorgan analyst Kenneth Worthington downgraded Houlihan Lokey to Neutral from Overweight with a $57 price target. The analyst sees a balanced risk/reward at current share levels.
|Over a month ago|
Financial impact of Houlihan Lokey deal 'quite modest,' says JMP Securities » 14:1506/2506/25/20
After Houlihan Lokey…
After Houlihan Lokey announced the acquisition of TMT focused independent advisory firm MVP Capital, JMP Securities analyst Devin Ryan noted that the company has suggested over the past few months that it was looking at an acquisition a bit larger than its normal tuck-in deals. Making "some (very) rough assumptions," he estimates MVP generates around $30M in revenue, which would imply a price of around $75M at the midpoint if Houlihan Lokey is paying in the range of two to three times revenue, Ryan tells investors. The analyst, who projects that the financial impact of the deal "is quite modest," keeps a Market Perform rating on Houlihan Lokey shares
Houlihan Lokey to acquire MVP Capital » 08:3406/2506/25/20
Houlihan Lokey has agreed…
Houlihan Lokey has agreed to acquire MVP Capital, an independent advisory firm that provides a range of advisory services to clients in the technology, media, and telecom, or TMT, sector. Houlihan Lokey said in a release, "The transaction, signed June 23, adds substantially to the firm's coverage of the telecommunications sector and expands Houlihan Lokey's footprint in the U.S. The transaction is expected to be completed next quarter following regulatory approval. As part of this transaction, MVP's investment banking team will become part of Houlihan Lokey's global TMT Group. Jason Hill, MVP Managing Partner, will join as a co-head alongside Rob Louv and Roy Kabla, who currently lead the firm's team. In addition, MVP CEO Greg Widroe will assume a senior role in the TMT Group, focusing in part on strategic initiatives. The acquisition will add 25 financial professionals to Houlihan Lokey's TMT Group, including MVP's seven managing directors, bringing the global TMT team to more than 60 financial professionals."
Houlihan Lokey 3M share Spot Secondary priced at $63.50 » 20:4605/1805/18/20
The deal priced at low…
The deal priced at low end of $63.50-$64.00 range. Goldman Sachs is acting as sole book running manager for the offering.
Houlihan Lokey announces offering of 3M shares of common stock » 16:2905/1805/18/20
Houlihan Lokey announced…
Houlihan Lokey announced an underwritten public offering of 3M shares of its Class A common stock. The company intends to use the net proceeds from the offering for general corporate purposes, which may include funding potential future acquisitions. Goldman Sachs is acting as the sole underwriter for the offering.
Houlihan Lokey says Q4 revenues were negatively impacted by COVID-19 » 16:1605/1205/12/20
"The COVID-19 pandemic has had a substantial negative effect on the global markets, and has created uncertainty, volatility and dislocation among a wide variety of sectors," the company said. "The scale, scope and duration of the impact of the COVID-19 pandemic on our business, revenues and operating results is unpredictable and depends on many factors outside of our control. We note that revenues during the fourth quarter ended March 31, 2020 were negatively impacted by the COVID-19 pandemic and we expect it to continue to have an adverse effect on our business, revenues and operating results in the short term. However, while our CF revenues will be adversely impacted for an indeterminable period of time by the economic effects of COVID-19, we have seen an increase in the demand for services in our FR business."
Houlihan Lokey reports Q4 adjusted EPS 96c, consensus 77c » 16:1505/1205/12/20
Reports Q4 revenue $303M,…
Reports Q4 revenue $303M, consensus $289.09M. "Concluding a fiscal year of record performance is a point of pride for all within our organization. It remains a tremendous accomplishment, but needless to say, our attention quickly turned to the onset of the COVID-19 crisis and the pronounced drop-off in global economic activity. While we enter this period of uncertainty in as strong of a financial and strategic position as we have ever been, challenges, no doubt, lie ahead for us, the economy and the world as a whole. Notwithstanding this rapidly evolving and uncertain environment, we have an advantage in that we built our business to perform during all cycles. Though cyclical disruptions take time to work themselves through our reported results, we are confident that our business will emerge from this crisis stronger than ever," stated Scott Beiser, Chief Executive Officer of Houlihan Lokey.