Equities analysts forecast that LendingClub Corp (NYSE:LC) will announce $0.02 earnings per share for the current quarter, Zacks Investment Research reports. Four analysts have provided 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 per share of $0.03 in the same quarter last year, which would indicate a negative year-over-year growth rate of 33.3%. The business is scheduled to announce its next earnings results on Tuesday, November 6th.

According to Zacks, analysts expect that LendingClub will report full-year earnings of $0.09 per share for the current fiscal year, with EPS estimates ranging from $0.08 to $0.11. For the next fiscal year, analysts anticipate that the business will report earnings of $0.17 per share, with EPS estimates ranging from $0.12 to $0.24. Zacks’ earnings per share averages are an average based on a survey of sell-side analysts that follow LendingClub.

LendingClub (NYSE:LC) last issued its quarterly earnings data on Tuesday, August 7th. The credit services provider reported $0.03 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.04) by $0.07. LendingClub had a negative return on equity of 3.78% and a negative net margin of 29.82%. The company had revenue of $176.98 million for the quarter, compared to analysts’ expectations of $164.25 million.

Several research analysts have issued reports on the company. Morgan Stanley lowered LendingClub from an “overweight” rating to an “equal weight” rating and boosted their target price for the company from $6.00 to $6.50 in a research report on Thursday, July 19th. Citigroup boosted their target price on LendingClub from $4.15 to $4.25 and gave the company a “neutral” rating in a research report on Wednesday, August 8th. Maxim Group restated a “buy” rating and set a $6.00 target price on shares of LendingClub in a research report on Wednesday, August 8th. Zacks Investment Research upgraded LendingClub from a “sell” rating to a “hold” rating in a report on Friday, August 24th. Finally, ValuEngine upgraded LendingClub from a “sell” rating to a “hold” rating in a report on Saturday, June 2nd. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and six have given a buy rating to the company’s stock. LendingClub presently has a consensus rating of “Hold” and an average target price of $5.69.

Shares of NYSE:LC opened at $3.38 on Friday. LendingClub has a 1 year low of $2.57 and a 1 year high of $6.56. The company has a market cap of $1.43 billion, a price-to-earnings ratio of -19.88 and a beta of 1.34. The company has a quick ratio of 8.75, a current ratio of 10.23 and a debt-to-equity ratio of 3.12.

In related news, insider Timothy Bogan sold 25,000 shares of the company’s stock in a transaction on Monday, July 16th. The stock was sold at an average price of $4.50, for a total value of $112,500.00. Following the transaction, the insider now directly owns 149,045 shares of the company’s stock, valued at approximately $670,702.50. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Simon Williams sold 50,000 shares of the company’s stock in a transaction on Friday, June 22nd. The shares were sold at an average price of $3.96, for a total value of $198,000.00. Following the completion of the transaction, the director now directly owns 128,389 shares in the company, valued at $508,420.44. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 125,000 shares of company stock worth $527,000. Insiders own 4.04% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Alps Advisors Inc. acquired a new stake in LendingClub during the 1st quarter worth about $109,000. Paloma Partners Management Co acquired a new stake in LendingClub during the 2nd quarter worth about $151,000. Xact Kapitalforvaltning AB grew its position in LendingClub by 60.2% during the 1st quarter. Xact Kapitalforvaltning AB now owns 45,233 shares of the credit services provider’s stock worth $158,000 after purchasing an additional 17,000 shares during the period. Alpine Woods Capital Investors LLC acquired a new stake in LendingClub during the 2nd quarter worth about $159,000. Finally, California Public Employees Retirement System grew its position in LendingClub by 218.6% during the 2nd quarter. California Public Employees Retirement System now owns 113,363 shares of the credit services provider’s stock worth $430,000 after purchasing an additional 77,776 shares during the period. 87.47% of the stock is currently owned by hedge funds and other institutional investors.

LendingClub Company Profile

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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