Published On: Mon, May 9th, 2016
Uncategorized | By Sylvia Delisle

LendingClub Corporation (NASDAQ:LC) To Report Earnings

Analysts await LendingClub Corporation (NASDAQ:LC) to report earnings on May, 09 for the fiscal quarter ending Mar 2016.

They expect $0.01 EPS, up 200% or $0.02 from last year’s $-0.01 per share.

At the moment 18 analysts are watching LendingClub Corporation (NASDAQ:LC), 6 rate it “Buy”, 4 “Outperform”, 7 “Underperform”, 0 “Sell”, while 1 “Hold”.

Looking forward, for the quarter ending Jun-16, 14 analysts have a mean sales target of 169.74 million. For the quarter ending Sep-16, 14 analysts have a mean sales target of 194.74 million whilst for the year ending Dec-16, 16 analysts have a mean target of 730.54 million.

In terms of earnings per share, 15 analysts have a 0.06 EPS mean target for the quarter ending Jun-16, for the quarter ending Sep-16, 15 analysts have a 0.08 EPS mean target and for the quarter ending Sep-16 there are 16 estimates of 0.27 EPS.

The biggest institutional shareholders in LendingClub Corporation include Sands Capital Management, LLC which owns 44 million shares in the company valued at $486.61 million. Baillie Gifford & Co Limited. is the second biggest holder with 34 million shares currently valued at 380.10 million whilst Foundation Capital LLC has 27 million shares valued at 299.09 million.

Total shares held by institutions as of the most recent company filings are 342,225,431 with a reported 26,924,252 bought and 80,098,973 sold. These holdings make up 89.72% of the company’s outstanding shares.

Currently insiders hold 8,393,758 shares in the business which makes up 2.20% of shares. The biggest holder currently is Mr. Renaud Laplanche who owns 4,465,492 shares (1.17% of those outstanding), whilst Daniel T. Ciporin holds 961,425 (0.25% of shares outstanding) and Mr. John J. Mack holds 726,003 (0.19% of shares outstanding).

The stock increased 3.65% or $0.25 during the last trading session, hitting $7.50. LendingClub Corporation (NASDAQ:LC) has fallen 94.27% over the past 6 months and is downtrending.

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