LendingClub Co. (NYSE: LC) is expected to post quarterly sales of $ 220.21 million

Stock analysts expect LendingClub Co. (NYSE: LC) to report revenue of $ 220.21 million for the current quarter, according to Zacks. Two analysts have released LendingClub earnings estimates. The lowest sales estimate is $ 215.61 million and the highest is $ 224.80 million. LendingClub reported sales of $ 74.71 million in the same quarter last year, suggesting a positive year-over-year growth rate of 194.8%. The company is expected to release its next earnings report after the market closes on Wednesday, October 27.

According to Zacks, analysts expect LendingClub to report annual sales of $ 773.81 million for the current year, with estimates ranging from $ 770.31 million to $ 777.30 million. For the next fiscal year, analysts predict the company will post revenue of $ 1.12 billion, with estimates ranging from $ 1.11 billion to $ 1.13 billion. Zacks Investment Research sales averages are an average based on a survey of analysts who cover LendingClub.

LendingClub (NYSE: LC) last reported its quarterly results on Wednesday, July 28. The credit services provider reported EPS of $ 0.09 for the quarter, beating Thomson Reuters consensus estimate by $ 0.50 ($ 0.41). The company posted revenue of $ 204.38 million in the quarter, compared to analysts’ expectations of $ 133.43 million. LendingClub recorded a negative return on equity of 11.22% and a negative net margin of 21.42%.

LC has been the subject of a number of research analyst reports. Zacks Investment Research downgraded LendingClub from a “buy” rating to a “hold” rating in a report released on Wednesday, September 29. The Maxim group downgraded LendingClub from a “keep” rating to a “buy” rating and set a target price of $ 35 on the stock in a report released on Friday, August 20. TheStreet downgraded LendingClub from a “d +” rating to a “c” rating in a report released Thursday, July 29. Credit Suisse Group raised its price target on LendingClub from $ 16.00 to $ 28.00 and gave the company a “neutral” rating in a report released on Thursday, July 29. Finally, Wedbush increased its target price on LendingClub from $ 25.00 to $ 33.50 and gave the company an “outperforming” rating in a research note on Thursday, July 29. Four research analysts rated the stock with a conservation rating and two issued a buy rating for the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $ 22.00.

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In addition, insider Annie Armstrong sold 3,686 shares of the company in a transaction on Tuesday, September 7. The stock was sold for an average price of $ 31.37, for a total value of $ 115,629.82. Following the closing of the transaction, the insider now directly owns 70,710 shares of the company, valued at $ 2,218,172.70. The transaction was disclosed in a file with the Securities & Exchange Commission, which is available through this hyperlink. In addition, CTO Bahman Koohestani sold 6,000 shares of the company in a trade on Friday, July 30. The stock was sold for an average price of $ 24.40, for a total value of $ 146,400.00. Following the closing of the transaction, the CTO now directly owns 120,643 shares of the company, valued at $ 2,943,689.20. Disclosure of this sale can be found here. In the past ninety days, insiders have sold 24,637 shares of the company valued at $ 672,311. 4.48% of the shares are currently held by company insiders.

Several hedge funds have recently changed their holdings to LC. Nordea Investment Management AB purchased a new stake in LendingClub during the first quarter for a value of approximately $ 2,775,000. BlackRock Inc. increased its stake in LendingClub shares by 17.0% during the second quarter. BlackRock Inc. now owns 7,587,213 shares of the credit service provider valued at $ 137,556,000 after purchasing an additional 1,104,320 shares in the last quarter. Russell Investments Group Ltd. increased its stake in LendingClub shares by 15.4% during the second quarter. Russell Investments Group Ltd. now owns 156,003 shares of the credit service provider valued at $ 2,827,000 after purchasing an additional 20,800 shares in the last quarter. Emerald Advisers LLC purchased a new position in LendingClub shares during the second quarter valued at approximately $ 145,000. Finally, Tortoise Index Solutions LLC purchased a new position in LendingClub shares during the second quarter valued at approximately $ 63,000. Institutional investors hold 83.78% of the shares of the company.

LC opened at $ 34.20 on Friday. The company has a 50-day moving average price of $ 29.11 and a 200-day moving average price of $ 20.94. LendingClub has a twelve month low of $ 4.40 and a twelve month high of $ 34.73. The company has a debt ratio of 0.53, a quick ratio of 1.10 and a current ratio of 1.34. The company has a market cap of $ 3.37 billion, a P / E ratio of -31.96 and a beta of 1.89.

About LendingClub

LendingClub Corp. engages in the operation of patient education and financing and auto loan services. Its types of loan products include personal finance, education and patients, and automotive. The company was founded by Renaud Laplanche and Soulaiman Htite on October 2, 2006 and is headquartered in San Francisco, California.

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Earnings History and Estimates for LendingClub (NYSE: LC)

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