$0.29 EPS Expected for Hercules Capital, Inc. (HTGC) This Quarter
Equities research analysts expect Hercules Capital, Inc. (NYSE:HTGC) to report $0.29 earnings per share for the current quarter, according to Zacks Investment Research. Four analysts have made estimates for Hercules Capital’s earnings. The highest EPS estimate is $0.30 and the lowest is $0.28. Hercules Capital reported earnings per share of $0.32 during the same quarter last year, which suggests a negative year over year growth rate of 9.4%. The company is expected to announce its next quarterly earnings results on Thursday, November 2nd.
On average, analysts expect that Hercules Capital will report full year earnings of $1.18 per share for the current financial year, with EPS estimates ranging from $1.14 to $1.20. For the next financial year, analysts forecast that the business will report earnings of $1.30 per share, with EPS estimates ranging from $1.26 to $1.31. Zacks’ earnings per share calculations are a mean average based on a survey of research analysts that that provide coverage for Hercules Capital.
Hercules Capital (NYSE:HTGC) last announced its quarterly earnings results on Thursday, August 3rd. The financial services provider reported $0.31 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.31. Hercules Capital had a return on equity of 12.93% and a net margin of 38.69%. The business had revenue of $48.45 million during the quarter, compared to analysts’ expectations of $48.25 million. During the same quarter last year, the business posted $0.32 earnings per share. The business’s revenue for the quarter was up 11.3% on a year-over-year basis.
HTGC has been the topic of a number of research reports. Jefferies Group LLC reissued a “buy” rating and issued a $16.00 price objective on shares of Hercules Capital in a research note on Friday, May 12th. Zacks Investment Research raised Hercules Capital from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 16th. BidaskClub downgraded Hercules Capital from a “buy” rating to a “hold” rating in a research note on Thursday, August 31st. ValuEngine downgraded Hercules Capital from a “strong-buy” rating to a “buy” rating in a research note on Friday, June 2nd. Finally, Keefe, Bruyette & Woods reissued an “outperform” rating and issued a $15.00 price objective on shares of Hercules Capital in a research note on Tuesday, July 4th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $15.21.
Several institutional investors have recently made changes to their positions in HTGC. Muzinich & Co. Inc. raised its position in shares of Hercules Capital by 85.3% during the first quarter. Muzinich & Co. Inc. now owns 3,626,672 shares of the financial services provider’s stock worth $54,872,000 after purchasing an additional 1,669,396 shares during the period. Principal Financial Group Inc. raised its position in shares of Hercules Capital by 108.0% during the second quarter. Principal Financial Group Inc. now owns 2,957,591 shares of the financial services provider’s stock worth $39,158,000 after purchasing an additional 1,535,592 shares during the period. Ares Management LLC raised its position in shares of Hercules Capital by 654.8% during the second quarter. Ares Management LLC now owns 764,189 shares of the financial services provider’s stock worth $10,117,000 after purchasing an additional 662,950 shares during the period. UBS Group AG raised its position in shares of Hercules Capital by 26.7% during the first quarter. UBS Group AG now owns 2,303,026 shares of the financial services provider’s stock worth $34,845,000 after purchasing an additional 485,745 shares during the period. Finally, Advisors Asset Management Inc. acquired a new stake in shares of Hercules Capital during the second quarter worth $3,832,000. 44.64% of the stock is currently owned by institutional investors.
Shares of Hercules Capital (NYSE HTGC) traded down 0.58% on Friday, hitting $12.04. The stock had a trading volume of 1,167,551 shares. Hercules Capital has a 12-month low of $11.64 and a 12-month high of $15.68. The company’s 50-day moving average price is $12.78 and its 200 day moving average price is $13.77. The firm has a market cap of $996.85 million, a P/E ratio of 13.33 and a beta of 0.83.
The business also recently announced a quarterly dividend, which was paid on Monday, August 21st. Stockholders of record on Monday, August 14th were given a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 10.30%. The ex-dividend date was Thursday, August 10th. Hercules Capital’s dividend payout ratio (DPR) is presently 134.78%.
About Hercules Capital
Hercules Capital, Inc is a specialty finance company. The Company is an internally managed, non-diversified, closed-end investment company. The Company focuses on providing senior secured venture growth loans to venture capital-backed companies in a range of technology, life sciences, and sustainable and renewable technology industries.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Hercules Capital Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hercules Capital Inc. and related companies with MarketBeat.com's FREE daily email newsletter.