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.
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.
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.
Receive News & Ratings for LendingClub Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for LendingClub and related companies with MarketBeat.com's FREE daily email newsletter.