Brokerages expect that LendingClub Corp (NYSE:LC) will announce earnings per share (EPS) of $0.02 for the current quarter, according to Zacks. Four analysts have made estimates for LendingClub’s earnings, with the highest EPS estimate coming in at $0.03 and the lowest estimate coming in at $0.02. LendingClub reported earnings of $0.01 per share in the same quarter last year, which suggests a positive year over year growth rate of 100%. The business is scheduled to report its next quarterly earnings report after the market closes on Tuesday, February 19th.
According to Zacks, analysts expect that LendingClub will report full-year earnings of $0.10 per share for the current financial year, with EPS estimates ranging from $0.09 to $0.11. For the next fiscal year, analysts anticipate that the firm will report earnings of $0.18 per share, with EPS estimates ranging from $0.12 to $0.24. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side analysts that follow LendingClub.
LendingClub (NYSE:LC) last released its quarterly earnings results on Tuesday, November 6th. The credit services provider reported $0.03 EPS for the quarter, beating analysts’ consensus estimates of $0.02 by $0.01. The firm had revenue of $184.65 million during the quarter, compared to analyst estimates of $182.63 million. LendingClub had a negative net margin of 30.89% and a negative return on equity of 4.02%. The business’s revenue for the quarter was up 19.9% on a year-over-year basis. During the same period in the previous year, the business earned ($0.03) EPS.
LC has been the subject of several recent research reports. Zacks Investment Research raised shares of LendingClub from a “hold” rating to a “buy” rating and set a $4.00 price target for the company in a research note on Tuesday, November 13th. ValuEngine raised shares of LendingClub from a “sell” rating to a “hold” rating in a research note on Wednesday, January 2nd. Seven analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $5.22.
Large investors have recently modified their holdings of the company. NewFocus Financial Group LLC purchased a new position in shares of LendingClub during the fourth quarter valued at about $45,000. Claraphi Advisory Network LLC purchased a new position in shares of LendingClub during the third quarter valued at about $101,000. Paloma Partners Management Co purchased a new position in shares of LendingClub during the second quarter valued at about $151,000. Renaissance Technologies LLC purchased a new position in shares of LendingClub during the third quarter valued at about $194,000. Finally, Virtu Financial LLC purchased a new position in shares of LendingClub during the fourth quarter valued at about $220,000. 88.45% of the stock is owned by hedge funds and other institutional investors.
LendingClub stock traded down $0.03 during mid-day trading on Monday, hitting $3.07. The company’s stock had a trading volume of 1,503,436 shares, compared to its average volume of 1,788,985. The company has a quick ratio of 10.30, a current ratio of 12.04 and a debt-to-equity ratio of 2.83. The company has a market capitalization of $1.32 billion, a PE ratio of -18.06 and a beta of 1.52. LendingClub has a 12 month low of $2.46 and a 12 month high of $4.55.
About LendingClub
LendingClub Corporation operates an online marketplace platform that connects borrowers and investors in the United States. Its marketplace facilitates various types of loan products for consumers and small businesses, including unsecured personal loans, unsecured education and patient finance loans, auto refinance loans, and unsecured small business loans.
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