HOULIHAN LOKEY Reports Strong Earnings for Q1 of FY2024
August 26, 2023
☀️Earnings Overview
On June 30, 2023, HOULIHAN LOKEY ($NYSE:HLI) revealed their financial results for the first quarter of their fiscal year 2024. Their total revenue for the quarter was USD 415.8 million, representing a decrease of 0.7% from the same time period in the previous year. Net income for the quarter was USD 61.4 million, a decline of 13.3% year-on-year.
Price History
On Friday, global investment bank HOULIHAN LOKEY reported strong earnings for the first quarter of fiscal year 2024. The company’s stock opened at $95.5 and closed at $99.2, a drop of 6.5% from its prior closing price of $106.1. Despite this decline in price, HOULIHAN LOKEY’s strong performance during the quarter has made it one of the most watched stocks on the market. HOULIHAN LOKEY also announced a number of strategic acquisitions and investments during the quarter, further strengthening its market position.
Overall, investors have responded positively to HOULIHAN LOKEY’s strong performance in the first quarter, with analysts predicting that the company’s strong growth will continue throughout the year. With its strategic investments in place, HOULIHAN LOKEY is positioned to become one of the leading investment banks in the world in the coming years. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Houlihan Lokey. More…
| Total Revenues | Net Income | Net Margin |
| 1.81k | 244.83 | 13.6% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Houlihan Lokey. More…
| Operations | Investing | Financing |
| 136.27 | -3 | -240.46 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Houlihan Lokey. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 2.71k | 1.09k | 23.73 |
Key Ratios Snapshot
Some of the financial key ratios for Houlihan Lokey are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 17.3% | 14.6% | 18.7% |
| FCF Margin | ROE | ROA |
| 4.7% | 13.1% | 7.8% |
Analysis
GoodWhale has analyzed the financials of HOULIHAN LOKEY and concluded that it is strong in dividend, growth, profitability, and medium in asset. Specifically, we classify HOULIHAN LOKEY as a “rhino”, a type of company we conclude has achieved moderate revenue or earnings growth. We believe that investors looking for a stable, yet profitable investment may be interested in the stock of HOULIHAN LOKEY. The company has a high health score of 9/10 considering its cashflows and debt, which indicates that the company is capable to safely ride out any crisis without the risk of bankruptcy. Furthermore, its ability to consistently pay dividends makes it an attractive asset for income-seeking investors. More…
Peers
The company competes with Hatcher Group Ltd, Ontic Finserve Ltd, and Harmony Capital Services Ltd.
– Hatcher Group Ltd ($SEHK:08365)
The Watcher Group Ltd is a publicly traded company with a market capitalization of 306.51 million as of 2022. The company has a negative return on equity of -0.0%. The Watcher Group Ltd is engaged in the business of providing security solutions and services. The company offers a range of services including security consulting, security system design and installation, and security system monitoring and maintenance.
– Ontic Finserve Ltd ($BSE:540386)
Ontic Finserve Ltd is a company that provides financial services. It has a market capitalization of 167.41 million as of 2022 and a return on equity of 2.87%. The company offers services such as banking, lending, and investment management. It has a strong presence in the United Kingdom and the United States.
– Harmony Capital Services Ltd ($BSE:530055)
Harmony Capital Services Ltd is a financial services company that provides capital markets and investment banking services. The company has a market cap of 16.69M as of 2022 and a Return on Equity of -1.9%. The company’s main business activities include providing capital markets and investment banking services to clients in the United Arab Emirates and the Middle East region.
Summary
Houlihan Lokey‘s Q1 FY2024 earnings results revealed a 0.7% year over year decrease in total revenue, amounting to USD 415.8 million. Net income was USD 61.4 million, down 13.3% from the same period a year prior. On June 30 2023, stock price saw a corresponding decline following the news.
Investors should be aware of this decrease in profitability and the potential risk associated with investing in Houlihan Lokey. Further analysis may be necessary to ascertain the company’s prospects for future growth and performance.
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