$49.27 Million in Sales Expected for Hamilton Lane Inc (HLNE) This Quarter
Wall Street brokerages expect Hamilton Lane Inc (NASDAQ:HLNE) to announce $49.27 million in sales for the current quarter, Zacks reports. Two analysts have made estimates for Hamilton Lane’s earnings. The lowest sales estimate is $49.03 million and the highest is $49.50 million. The company is scheduled to report its next quarterly earnings report before the market opens on Tuesday, November 7th.
According to Zacks, analysts expect that Hamilton Lane will report full-year sales of $49.27 million for the current fiscal year, with estimates ranging from $200.33 million to $204.40 million. For the next year, analysts forecast that the firm will report sales of $242.35 million per share, with estimates ranging from $233.50 million to $248.53 million. Zacks’ sales calculations are a mean average based on a survey of research firms that that provide coverage for Hamilton Lane.
Hamilton Lane (NASDAQ:HLNE) last posted its earnings results on Tuesday, August 8th. The company reported $0.33 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.26 by $0.07. The business had revenue of $52.70 million for the quarter, compared to analysts’ expectations of $50.69 million. During the same quarter last year, the business posted $0.30 earnings per share. The business’s revenue was up 33.2% compared to the same quarter last year.
Several equities analysts have issued reports on the stock. Zacks Investment Research raised shares of Hamilton Lane from a “sell” rating to a “hold” rating in a report on Thursday, August 10th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $24.00 price target on shares of Hamilton Lane in a report on Thursday, September 28th. Finally, Morgan Stanley reaffirmed an “overweight” rating and issued a $23.00 price target (down from $24.00) on shares of Hamilton Lane in a report on Monday, July 10th. Five investment 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.
Hamilton Lane (NASDAQ:HLNE) opened at $28.16 on Friday. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.12 and a quick ratio of 1.12. Hamilton Lane has a twelve month low of $17.32 and a twelve month high of $28.52.
Several large investors have recently bought and sold shares of HLNE. Vanguard Group Inc. acquired a new stake in shares of Hamilton Lane during the second quarter worth $7,606,000. TimesSquare Capital Management LLC lifted its stake in shares of Hamilton Lane by 15.7% during the second quarter. TimesSquare Capital Management LLC now owns 1,534,585 shares of the company’s stock worth $33,746,000 after buying an additional 208,240 shares during the period. Principal Financial Group Inc. acquired a new stake in shares of Hamilton Lane during the first quarter worth $2,959,000. State Street Corp acquired a new stake in shares of Hamilton Lane during the second quarter worth $3,482,000. Finally, Northern Trust Corp acquired a new stake in shares of Hamilton Lane during the second quarter worth $3,209,000. Institutional investors and hedge funds own 27.09% of the company’s stock.
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Hamilton Lane Company Profile
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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