Home Capital Group Inc (HCG) to Release Quarterly Earnings on Wednesday
Home Capital Group Inc (TSE:HCG) will be announcing its earnings results after the market closes on Wednesday, August 2nd. Analysts expect the company to announce earnings of ($0.90) per share for the quarter.
Shares of Home Capital Group Inc (HCG) traded down 3.38% during mid-day trading on Thursday, reaching $14.02. 726,563 shares of the company’s stock traded hands. The company has a market cap of $900.13 million and a price-to-earnings ratio of 3.80. Home Capital Group Inc has a 12 month low of $5.06 and a 12 month high of $32.61. The company has a 50 day moving average of $14.69 and a 200 day moving average of $19.96.
A number of equities analysts have issued reports on HCG shares. Raymond James Financial, Inc. cut Home Capital Group from an “outperform” rating to a “market perform” rating and cut their price target for the stock from C$34.00 to C$23.00 in a report on Thursday, April 20th. National Bank Financial cut their price target on Home Capital Group from C$27.00 to C$23.00 and set an “underperform” rating on the stock in a report on Thursday, April 20th. TD Securities cut their target price on Home Capital Group from C$33.00 to C$23.00 and set a “hold” rating on the stock in a report on Friday, April 21st. Scotiabank reiterated a “sector perform” rating and issued a C$28.00 target price on shares of Home Capital Group in a report on Friday, April 21st. Finally, Macquarie cut Home Capital Group from an “outperform” rating to a “neutral” rating in a report on Monday, May 15th. Seven research analysts have rated the stock with a hold rating, Home Capital Group currently has a consensus rating of “Hold” and a consensus target price of C$17.00.
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About Home Capital Group
Home Capital Group Inc is a Canada-based holding company that operates through its subsidiary, Home Trust Company (Home Trust), which offers deposits, residential and non-residential commercial mortgage lending and consumer lending. It offers deposits through brokers and financial planners, and through its direct-to-consumer deposit brand, Oaken Financial.
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