Zacks: Brokerages Anticipate GAIN Capital Holdings, Inc. (GCAP) Will Announce Quarterly Sales of $91.95 Million
Wall Street brokerages expect GAIN Capital Holdings, Inc. (NYSE:GCAP) to post $91.95 million in sales for the current fiscal quarter, according to Zacks. Two analysts have made estimates for GAIN Capital Holdings’ earnings, with the lowest sales estimate coming in at $91.89 million and the highest estimate coming in at $92.00 million. GAIN Capital Holdings reported sales of $72.20 million during the same quarter last year, which indicates a positive year over year growth rate of 27.4%. The firm is expected to report its next earnings results on Thursday, November 2nd.
According to Zacks, analysts expect that GAIN Capital Holdings will report full year sales of $91.95 million for the current fiscal year, with estimates ranging from $340.00 million to $349.66 million. For the next year, analysts expect that the company will post sales of $371.44 million per share, with estimates ranging from $365.88 million to $377.00 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that cover GAIN Capital Holdings.
GAIN Capital Holdings (NYSE:GCAP) last posted its quarterly earnings data on Thursday, August 3rd. The financial services provider reported $0.25 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.25. The company had revenue of $98.10 million for the quarter, compared to analyst estimates of $98.70 million. GAIN Capital Holdings had a return on equity of 2.86% and a net margin of 3.21%. The firm’s quarterly revenue was down 9.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.27 earnings per share.
GCAP has been the topic of several recent research reports. Zacks Investment Research lowered GAIN Capital Holdings from a “hold” rating to a “strong sell” rating in a research report on Tuesday, May 9th. Keefe, Bruyette & Woods restated a “hold” rating and set a $7.50 target price on shares of GAIN Capital Holdings in a report on Monday, April 10th. Jefferies Group LLC restated a “buy” rating and set a $10.00 target price on shares of GAIN Capital Holdings in a report on Wednesday, April 12th. Finally, TheStreet cut GAIN Capital Holdings from a “b-” rating to a “c” rating in a report on Thursday, May 4th.
GAIN Capital Holdings (GCAP) opened at 7.21 on Monday. GAIN Capital Holdings has a 1-year low of $4.54 and a 1-year high of $8.75. The company has a 50 day moving average price of $6.28 and a 200-day moving average price of $7.06. The firm has a market capitalization of $343.77 million, a price-to-earnings ratio of 65.55 and a beta of 0.29.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 19th. Investors of record on Tuesday, September 12th will be issued a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 3.33%. The ex-dividend date is Monday, September 11th. GAIN Capital Holdings’s dividend payout ratio is presently 104.35%.
GAIN Capital Holdings announced that its Board of Directors has authorized a stock repurchase plan on Wednesday, May 17th that authorizes the company to buyback $35.00 million in shares. This buyback authorization authorizes the financial services provider to purchase up to 12.7% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.
In other GAIN Capital Holdings news, Director Christopher Warren Calhoun sold 5,000 shares of the stock in a transaction that occurred on Monday, July 17th. The stock was sold at an average price of $6.39, for a total value of $31,950.00. Following the completion of the sale, the director now owns 50,149 shares in the company, valued at approximately $320,452.11. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, major shareholder Senvest Management, Llc sold 50,000 shares of the stock in a transaction that occurred on Tuesday, May 9th. The stock was sold at an average price of $5.94, for a total value of $297,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 72,701 shares of company stock valued at $443,853 over the last 90 days. 5.60% of the stock is currently owned by company insiders.
Large investors have recently added to or reduced their stakes in the company. Alpine Woods Capital Investors LLC acquired a new stake in GAIN Capital Holdings during the second quarter valued at $155,000. Weber Alan W boosted its stake in GAIN Capital Holdings by 130.1% in the second quarter. Weber Alan W now owns 315,000 shares of the financial services provider’s stock valued at $1,962,000 after buying an additional 178,114 shares during the period. Spark Investment Management LLC boosted its stake in GAIN Capital Holdings by 148.4% in the second quarter. Spark Investment Management LLC now owns 133,400 shares of the financial services provider’s stock valued at $831,000 after buying an additional 79,700 shares during the period. Goldman Sachs Group Inc. boosted its stake in GAIN Capital Holdings by 85.7% in the first quarter. Goldman Sachs Group Inc. now owns 73,010 shares of the financial services provider’s stock valued at $608,000 after buying an additional 33,684 shares during the period. Finally, Metropolitan Life Insurance Co. NY boosted its stake in GAIN Capital Holdings by 14.8% in the first quarter. Metropolitan Life Insurance Co. NY now owns 28,588 shares of the financial services provider’s stock valued at $238,000 after buying an additional 3,689 shares during the period. Institutional investors and hedge funds own 49.28% of the company’s stock.
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GAIN Capital Holdings Company Profile
GAIN Capital Holdings, Inc (GAIN) is a provider of trading services and solutions, specializing in over-the-counter (OTC) and exchange-traded markets. The Company’s segments include Retail segment, Institutional segment and Futures segment. Through its retail segment, the Company provides its retail customers across the world with access to a range of global financial markets, including spot forex, precious metals, spread bets and contracts for difference (CFDs) on commodities, indices, individual equities and interest rate products, as well OTC options on forex.
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