$45.83 Million in Sales Expected for Hercules Capital, Inc. (HTGC) This Quarter
Equities research analysts forecast that Hercules Capital, Inc. (NYSE:HTGC) will announce sales of $45.83 million for the current quarter, according to Zacks Investment Research. Four analysts have issued estimates for Hercules Capital’s earnings. The highest sales estimate is $46.51 million and the lowest is $45.35 million. Hercules Capital reported sales of $45.10 million in the same quarter last year, which suggests a positive year over year growth rate of 1.6%. The business is scheduled to report its next quarterly earnings report on Thursday, November 2nd.
On average, analysts expect that Hercules Capital will report full year sales of $45.83 million for the current fiscal year, with estimates ranging from $186.67 million to $188.26 million. For the next financial year, analysts anticipate that the company will report sales of $202.21 million per share, with estimates ranging from $196.00 million to $207.73 million. Zacks’ sales averages are an average based on a survey of research analysts that that provide coverage for Hercules Capital.
Hercules Capital (NYSE:HTGC) last issued its quarterly earnings data on Thursday, August 3rd. The financial services provider reported $0.31 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate 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 analyst estimates of $48.25 million. During the same period in the previous year, the firm earned $0.32 EPS. Hercules Capital’s quarterly revenue was up 11.3% compared to the same quarter last year.
HTGC has been the subject of a number of research analyst reports. Wunderlich reiterated a “hold” rating on shares of Hercules Capital in a report on Tuesday, May 16th. Zacks Investment Research upgraded Hercules Capital from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 16th. ValuEngine downgraded Hercules Capital from a “strong-buy” rating to a “buy” rating in a report on Friday, June 2nd. Keefe, Bruyette & Woods reiterated an “outperform” rating and issued a $15.00 target price on shares of Hercules Capital in a report on Tuesday, July 4th. Finally, Jefferies Group LLC reiterated a “buy” rating and issued a $16.00 target price on shares of Hercules Capital in a report on Friday, July 14th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $15.21.
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Hercules Capital (NYSE:HTGC) opened at 12.04 on Monday. Hercules Capital has a 12 month low of $11.64 and a 12 month high of $15.68. The company has a 50 day moving average price of $12.78 and a 200 day moving average price of $13.77. The firm has a market capitalization of $996.85 million, a price-to-earnings ratio of 13.33 and a beta of 0.83.
The company also recently disclosed a quarterly dividend, which was paid on Monday, August 21st. Stockholders of record on Monday, August 14th were issued a dividend of $0.31 per share. The ex-dividend date was Thursday, August 10th. This represents a $1.24 annualized dividend and a dividend yield of 10.30%. Hercules Capital’s dividend payout ratio is 134.78%.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Cetera Investment Advisers bought a new stake in shares of Hercules Capital during the second quarter valued at approximately $138,000. Polaris Capital Management LLC increased its holdings in shares of Hercules Capital by 2.3% during the second quarter. Polaris Capital Management LLC now owns 133,995 shares of the financial services provider’s stock valued at $1,774,000 after acquiring an additional 3,049 shares in the last quarter. Nomura Holdings Inc. increased its holdings in shares of Hercules Capital by 6.9% during the second quarter. Nomura Holdings Inc. now owns 360,947 shares of the financial services provider’s stock valued at $4,782,000 after acquiring an additional 23,271 shares in the last quarter. The Manufacturers Life Insurance Company increased its holdings in shares of Hercules Capital by 29.8% during the second quarter. The Manufacturers Life Insurance Company now owns 8,858 shares of the financial services provider’s stock valued at $117,000 after acquiring an additional 2,034 shares in the last quarter. Finally, Ares Management LLC increased its holdings 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 valued at $10,117,000 after acquiring an additional 662,950 shares in the last quarter. Hedge funds and other institutional investors own 44.64% of the company’s stock.
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.
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