(LPHI) – Life Partners Holdings – share price has risen in tandem with analyst estimates

October 28th, 2008

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.

Content Courtesy: Zacks Investment Research

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More on this topic (What's this?)
Invest in This $6 Billion Market With Life Partners Holdings (LPHI) (Contrarian Profits, 7/26/08)
Bookkeeping: Beginning Position in Life Partners Holdings (LPHI) (Fund my Mutual Fund, 11/6/08)
Bookkeeping: Cutting Life Partner Holdings (LPHI) Stake (Fund my Mutual Fund, 11/26/08)
You Bet Your Life (The Iconoclast Investor, 10/10/08)
Read more on Life Partners Holdings at Wikinvest

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