LendingClub (LC) to Release Quarterly Earnings on Monday

LendingClub (NYSE:LC) is set to issue its quarterly earnings data after the market closes on Monday, February 12th. Analysts expect the company to announce earnings of $0.03 per share for the quarter.

LendingClub (NYSE:LC) last issued its quarterly earnings results on Tuesday, November 7th. The credit services provider reported ($0.01) earnings per share for the quarter, topping the consensus estimate of ($0.02) by $0.01. LendingClub had a negative return on equity of 9.06% and a negative net margin of 17.19%. On average, analysts expect LendingClub to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Shares of LendingClub (LC) opened at $3.70 on Friday. The company has a quick ratio of 16.90, a current ratio of 18.02 and a debt-to-equity ratio of 3.52. LendingClub has a fifty-two week low of $3.29 and a fifty-two week high of $6.78. The firm has a market capitalization of $1,540.00, a P/E ratio of -16.09 and a beta of 1.38.

LC has been the topic of several recent analyst reports. Zacks Investment Research upgraded LendingClub from a “sell” rating to a “hold” rating in a report on Wednesday, October 18th. BidaskClub downgraded LendingClub from a “sell” rating to a “strong sell” rating in a report on Saturday, October 21st. Needham & Company LLC started coverage on LendingClub in a report on Wednesday, November 1st. They set a “buy” rating and a $7.00 price objective on the stock. Canaccord Genuity restated a “hold” rating and set a $7.00 price objective on shares of LendingClub in a report on Monday, November 6th. Finally, Maxim Group started coverage on LendingClub in a report on Tuesday, November 7th. They set a “buy” rating and a $8.00 price objective on the stock. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and ten have given a buy rating to the stock. LendingClub currently has an average rating of “Hold” and an average price target of $6.54.

In related news, CFO Thomas W. Casey bought 10,000 shares of the company’s stock in a transaction on Tuesday, November 14th. The shares were acquired at an average price of $4.17 per share, with a total value of $41,700.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, major shareholder Tian Qiao Chen bought 4,000,000 shares of the company’s stock in a transaction on Thursday, December 7th. The shares were bought at an average cost of $3.80 per share, for a total transaction of $15,200,000.00. The disclosure for this purchase can be found here. Insiders have acquired a total of 25,957,175 shares of company stock worth $100,843,283 over the last 90 days. 9.72% of the stock is currently owned by company insiders.

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LendingClub Company Profile

LendingClub Corporation provides online marketplace to connect borrowers and investors. Consumers and small business owners borrow through Lending Club. Investors use Lending Club to earn risk-adjusted returns from an asset class that has been closed to many investors and only available on a limited basis to large institutional investors.

Earnings History for LendingClub (NYSE:LC)

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