Houlihan Lokey Q4 Revenue Misses Estimates, Falls Y/Y; Dividend Surges 17%
HLI is trading near its 52-week low of $134.41 (9.6% above the low) on elevated volume (2.3× avg).
Summary
Houlihan Lokey reported fiscal Q4 revenue of $635.64 million, missing analyst estimates of $705.56 million and falling year-over-year. Adjusted net income also missed expectations at $111 million against a $131.32 million consensus. This performance contrasts sharply with the robust double-digit growth reported in Q3 2026, with the decline primarily driven by a 33% year-over-year drop in Financial Restructuring revenue. However, the company simultaneously announced a significant 16.7% increase in its quarterly dividend to $0.70 per share, signaling management's confidence despite the operational miss. Traders will be closely watching how the market weighs the substantial earnings miss against the strong commitment to shareholder returns, especially given the company's outlook of 'market uncertainty' for fiscal 2027.
At the time of this announcement, HLI was trading at $147.37 on NYSE in the Finance sector, with a market capitalization of approximately $10.3B. The 52-week trading range was $134.41 to $211.78. This news item was assessed with neutral market sentiment and an importance score of 8 out of 10. Source: Reuters.