Home Capital Group (HCG) Announces Quarterly Earnings, Beats Expectations By $0.03 EPS
Home Capital Group (TSE:HCG) announced its earnings results on Friday. The company reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.01 by $0.03, AnalystRatings.Net reports.
Home Capital Group (TSE:HCG) opened at 51.90 on Friday. Home Capital Group has a 1-year low of $30.39 and a 1-year high of $52.26. The stock’s 50-day moving average is $48.78 and its 200-day moving average is $45.. The company has a market cap of $3.607 billion and a P/E ratio of 13.40.
The company also recently declared a Quarterly dividend, which is scheduled for Monday, September 1st. Shareholders of record on Monday, September 1st will be given a dividend of $0.18 per share. This represents a yield of 1.39%. The ex-dividend date of this dividend is Thursday, August 7th.
A number of analysts have recently weighed in on HCG shares. Analysts at Scotiabank reiterated a “sector perform” rating on shares of Home Capital Group in a research note on Thursday. They now have a C$50.00 price target on the stock. On the ratings front, analysts at TD Securities raised their price target on shares of Home Capital Group from C$46.00 to C$54.00 in a research note on Friday, May 9th. They now have a “buy” rating on the stock. Finally, analysts at Cormark downgraded shares of Home Capital Group from a “buy” rating to a “market perform” rating in a research note on Friday, May 9th. Seven analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Home Capital Group has a consensus rating of “Hold” and a consensus target price of C$61.14.
Home Capital Group Inc (TSE:HCG) is a Canada-based holding company.
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