Life Partners Holdings, Inc. – Momentum – Zacks Rank Buy
Source: http://www.zacks.com/commentary/8798/Life+Partners+Holdings%2C+Inc.+-+Momentum+-+Zacks+Rank+BuyPosted on Monday, October 6th, 2008 | In Stocks to Watch
Life Partners Holdings, Inc. (LPHI) reported impressive second-quarter results on Sep 18 that included a 47% jump in net income from the previous year period. The company’s share price has been rallying for most of the year and is now within striking distance of the 52-week and all-time high.
Company Description
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.
Second-Quarter Results
Life Partners Holdings stepped up and reported record second-quarter results on Sep that gave its shareholder plenty to feel good about. Revenue was up to $25.9 million, a 47% increase from the same period last year. Net income was up 56% from last year to $6.6 million, producing earnings of 52 cents per share, safely ahead of analyst estimates of 44 cents.
Analyst Estimates
Life Partner’s share price has risen in tandem with analyst estimates. The current-year estimate has climbed to $2.10 per share, up from $1.92 per share 90 days ago. The next-year estimate is bullish, standing at $2.43 per share, a 16% earnings growth projection.
Valuations
Based upon the current-year estimate this stock is trading at a premium to the overall market, carrying a forward P/E multiple of just over 16X.
The Chart
Shares of LPHI have had an impressive run in 2008, advancing from a low just above $15 to a recent high above $37. Some short-term resistance has develop at the $36 level, but the 52-week and all-time high is close at hand just above $42. Take a look below.
“LPHI” Free Stock Analysis: Buy? Sell? Hold?
Zacks Investment Research
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 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. |
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