Hercules Capital, Inc. (HTGC) Scheduled to Post Earnings on Thursday
Hercules Capital, Inc. (NYSE:HTGC) is scheduled to release its earnings data after the market closes on Thursday, November 2nd. Analysts expect Hercules Capital to post earnings of $0.29 per share for the quarter.
Hercules Capital (NYSE:HTGC) last posted its quarterly earnings data 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 net margin of 38.69% and a return on equity of 12.93%. The firm had revenue of $48.45 million for the quarter, compared to analyst estimates of $48.25 million. During the same period last year, the firm posted $0.32 EPS. Hercules Capital’s quarterly revenue was up 11.3% on a year-over-year basis. On average, analysts expect Hercules Capital to post $1.17 EPS for the current fiscal year and $1.29 EPS for the next fiscal year.
Hercules Capital, Inc. (NYSE HTGC) opened at 12.54 on Thursday. The stock has a market capitalization of $1.04 billion, a price-to-earnings ratio of 13.89 and a beta of 0.85. The company has a 50-day moving average of $12.57 and a 200-day moving average of $13.21. Hercules Capital, Inc. has a 52-week low of $11.64 and a 52-week high of $15.68.
Several equities research analysts have weighed in on the company. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $15.00 target price on shares of Hercules Capital in a research report on Tuesday. Wedbush assumed coverage on Hercules Capital in a research report on Tuesday. They issued a “neutral” rating and a $13.25 target price on the stock. ValuEngine lowered Hercules Capital from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. JMP Securities reissued a “mkt outperform” rating and issued a $14.50 price target on shares of Hercules Capital in a research note on Monday, August 7th. Finally, Zacks Investment Research cut Hercules Capital from a “hold” rating to a “sell” rating in a research note on Monday, August 7th. Two analysts have rated the stock with a sell rating, four have given a hold rating and seven have assigned a buy rating to the company’s stock. Hercules Capital presently has an average rating of “Hold” and an average target price of $14.34.
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A hedge fund recently raised its stake in Hercules Capital stock. The Manufacturers Life Insurance Company lifted its holdings in Hercules Capital, Inc. (NYSE:HTGC) by 29.8% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 8,858 shares of the financial services provider’s stock after purchasing an additional 2,034 shares during the quarter. The Manufacturers Life Insurance Company ‘s holdings in Hercules Capital were worth $117,000 as of its most recent filing with the SEC. Hedge funds and other institutional investors own 42.66% 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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