Revenue Update on Ladenburg Thalmann Financial Services(NYSEMKT:LTS)

Ladenburg Thalmann Financial Services(NYSEMKT:LTS) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Aug 5, 2016. Company reported revenue of $269.77M. Analysts estimated a revenue of $289.38M. Earnings per share were $-0.14. Analysts had estimated an EPS of $-0.06.

Ladenburg Thalmann Financial Services (LTS) made into the market gainers list on Wednesdays trading session with the shares advancing 2.24% or 0.05 points. Due to strong positive momentum, the stock ended at $2.28, which is also near the day’s high of $2.3. The stock began the session at $2.26 and the volume stood at 1,65,030 shares. The 52-week high of the shares is $3.28 and the 52 week low is $1.8. The company has a current market capitalization of $418 M and it has 18,33,69,740 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Jul 5, 2016, Joseph Giovanniello (Senior Vice President) purchased 2,008 shares at $2.24 per share price.Also, On Jan 15, 2016, Richard M Krasno (director) purchased 5,000 shares at $2.22 per share price.On Jan 15, 2016, Richard Lampen (CEO) purchased 5,000 shares at $2.24 per share price, according to the Form-4 filing with the securities and exchange commission.

Ladenburg Thalmann Financial Services Inc. is a financial services company. The Company through its principal subsidiaries provides independent brokerage and advisory services investment banking equity research institutional sales and trading asset management services wholesale life insurance brokerage and trust services. The company has three segments: the independent brokerage and advisory services segment the Ladenburg segment and the insurance brokerage segment. Its independent brokerage and advisory services segment offers broker-dealer and investment advisory services and wealth management services. Its Ladenburg segment offers investment banking sales and trading and asset management services and investment activities. The Company’s insurance brokerage segment includes the wholesale insurance brokerage activities which delivers life insurance fixed and equity indexed annuities and long-term care solutions to investment and insurance providers.

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