Life Partners Holdings, Inc. – Momentum – Zacks Rank Buy
Source: http://www.zacks.com/commentary/9669/Life+Partners+Holdings%2C+Inc.+-+Momentum+-+Zacks+Rank+BuyPosted on Tuesday, January 6th, 2009 | In Stocks to Watch
Life Partners Holdings, Inc. (LPHI) has been on a roll since late November, with its share price posting some impressive short-term gains. Analysts are bullish on the company, with the next-year estimate projecting 21% earnings growth.
Company Description
| < ?DART(15);?> |
Life Partners Holdings operates as a financial services company that provides purchasing services for life settlements in the United States. The company was founded in 1971, has a market cap of $404 million and is headquartered in Waco, Texas.
Third-Quarter Results
Alberto pre reported impressive third-quarter results on Dec 16 that gave its shareholder plenty to feel good about.
Revenue is expected to be up 46% from last year to $28.1 million. Earnings are projected to come in at 61 cents per share, 6 cents ahead of the consensus estimate.
The CEO Speaks
Chief Executive Officer, Brian Pardo adding some flavor to the results, saying that “demand for our services continues to grow because investors are looking for asset based investments that are not correlated to the financial markets.”
Analyst Estimates
In accordance with this dynamic, analysts have continued to boost their earnings estimates, with the current-year estimate climbing 7 cents on the last 2 months to $2.21.
The next-year estimate is bullish, pegged at $2.67 per share, a 21% earnings growth projection.
The Chart
Shares of LPHI have been on a big rally since late November, jumping from just under $25 to a recent high above $43, setting a new 52-week and all-time high in the process. Take a look below.
“LPHI” Free Stock Analysis: Buy? Sell? Hold?
Zacks Investment Research
Last 5 posts by Michael Vodicka
- Nordstrom Inc. - Momentum - Zacks Rank Buy - November 20th, 2009
- These 2 stocks are both on the move, one hitting a new 52-week high and the other moving into position to do so. - Charting Zacks Elite Stocks - November 20th, 2009
- Fossil Inc. - Momentum - Zacks Rank Buy - November 19th, 2009
- China Green Agriculture, Inc. - Momentum - Zacks Rank Buy - November 18th, 2009
- Sketchers USA Inc. - Momentum - Zacks Rank Buy - November 17th, 2009
Brian Pardo;, cent;, Life Partners Holdings Inc., purchasing services, Stocks to Watch, Texas, United States, USD, Waco, Zacks Market Commentaries, Zacks Rank Buy Life Partners Holdings Inc.
 About Michael Vodicka (http://www.zacks.com/)
Michael is an Editor at Zacks Investment Research who covers the Momentum and Aggressive Stocks for the Zacks Rank Buys. |
No recommendations, either expressed or implied, are being made to buy, sell, hold or short any of the mentioned stocks. No legal, tax or accounting advice is expressed or implied. Always contact your attorney, CPA, or tax advisor before acting on any legal or tax issues. StraightStocks.com is not responsible for the content, products, or services of any of the advertisers on this site. StraightStocks.com receives compensation from advertisers on this blog. Services and products referred to herein are trademarks, registered trademarks, servicemarks, and/or registered servicemarks of their respective trademark or servicemark owners.