Hamilton Lane Inc. (HLNE) Scheduled to Post Quarterly Earnings on Tuesday
Hamilton Lane Inc. (NASDAQ:HLNE) will be posting its quarterly earnings results before the market opens on Tuesday, November 7th. Analysts expect Hamilton Lane to post earnings of $0.26 per share for the quarter.
Hamilton Lane (NASDAQ:HLNE) last released its quarterly earnings data on Tuesday, August 8th. The company reported $0.33 EPS for the quarter, beating the consensus estimate of $0.26 by $0.07. The company had revenue of $52.70 million during the quarter, compared to analysts’ expectations of $50.69 million. During the same period last year, the business earned $0.30 earnings per share. The company’s revenue for the quarter was up 33.2% compared to the same quarter last year. On average, analysts expect Hamilton Lane to post $1.1 EPS for the current fiscal year and $1.26 EPS for the next fiscal year.
Hamilton Lane Inc. (NASDAQ HLNE) traded up 0.29% on Tuesday, reaching $27.58. The company’s stock had a trading volume of 37,726 shares. The stock has a 50 day moving average price of $26.04 and a 200-day moving average price of $22.54. Hamilton Lane Inc. has a 1-year low of $17.32 and a 1-year high of $28.52. The company has a market capitalization of $531.33 million and a price-to-earnings ratio of 87.56.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 2nd. Investors of record on Friday, September 15th were paid a $0.175 dividend. This represents a $0.70 annualized dividend and a dividend yield of 2.54%. The ex-dividend date was Thursday, September 14th.
A number of research analysts have weighed in on HLNE shares. Morgan Stanley reissued an “overweight” rating and set a $23.00 target price (down previously from $24.00) on shares of Hamilton Lane in a research report on Monday, July 10th. Zacks Investment Research lowered shares of Hamilton Lane from a “buy” rating to a “hold” rating in a research report on Tuesday, July 11th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and set a $24.00 target price on shares of Hamilton Lane in a research report on Thursday, September 28th. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $23.80.
About Hamilton Lane
Hamilton Lane Incorporated is a global private markets investment solutions provider. The Company works with its clients to conceive, structure, build out, manage and monitor portfolios of private markets funds and direct investments, and it helps them access a set of such investment opportunities around the world.
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