Life Partners Holdings, Inc.

Life Partners Holdings, Inc. (LPHI) has been on a roll since late November, with its share price posting impressive short-term gains. Analysts are bullish on the company, with the next-year estimate projecting 21% earnings growth.

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.

Third-Quarter Results

Life Partners pre reported impressive third-quarter results on Dec 16 that gave its shareholders plenty to feel good about.

Income 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 added 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.

Read the full analyst report on LPHI