Gain Capital Holdings Inc (GCAP) Expected to Announce Quarterly Sales of $72.98 Million

Brokerages expect Gain Capital Holdings Inc (NYSE:GCAP) to post sales of $72.98 million for the current quarter, according to Zacks. Two analysts have issued estimates for Gain Capital’s earnings. The lowest sales estimate is $72.96 million and the highest is $73.00 million. Gain Capital posted sales of $115.80 million in the same quarter last year, which would indicate a negative year-over-year growth rate of 37%. The company is scheduled to issue its next earnings report on Thursday, March 8th.

According to Zacks, analysts expect that Gain Capital will report full-year sales of $72.98 million for the current financial year, with estimates ranging from $311.96 million to $312.00 million. For the next fiscal year, analysts expect that the firm will post sales of $371.55 million per share, with estimates ranging from $368.09 million to $375.00 million. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that cover Gain Capital.

Gain Capital (NYSE:GCAP) last announced its earnings results on Thursday, October 26th. The financial services provider reported $0.05 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.01) by $0.06. Gain Capital had a net margin of 3.72% and a return on equity of 5.62%. The company had revenue of $81.30 million for the quarter, compared to analyst estimates of $79.86 million. During the same period in the prior year, the business earned ($0.11) earnings per share. Gain Capital’s quarterly revenue was up 12.6% on a year-over-year basis.

Several equities analysts recently weighed in on the stock. BidaskClub upgraded shares of Gain Capital from a “sell” rating to a “hold” rating in a report on Thursday, November 2nd. TheStreet lowered shares of Gain Capital from a “b-” rating to a “c” rating in a report on Thursday, October 26th. Zacks Investment Research lowered shares of Gain Capital from a “hold” rating to a “sell” rating in a report on Tuesday, October 10th. Finally, Keefe, Bruyette & Woods restated a “hold” rating and issued a $7.00 price objective on shares of Gain Capital in a report on Friday, October 6th. One research analyst has rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company’s stock. Gain Capital currently has an average rating of “Hold” and a consensus price target of $7.58.

In other Gain Capital news, insider Samantha Roady sold 36,000 shares of the stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $8.37, for a total value of $301,320.00. Following the sale, the insider now directly owns 297,354 shares in the company, valued at $2,488,852.98. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Christopher Warren Calhoun sold 5,000 shares of the stock in a transaction on Friday, October 27th. The stock was sold at an average price of $7.00, for a total transaction of $35,000.00. Following the completion of the sale, the director now owns 23,278 shares in the company, valued at $162,946. The disclosure for this sale can be found here. Over the last quarter, insiders sold 139,298 shares of company stock worth $1,221,002. Company insiders own 5.00% of the company’s stock.

Several hedge funds have recently modified their holdings of GCAP. Principal Financial Group Inc. bought a new stake in shares of Gain Capital during the second quarter worth $119,000. Alliancebernstein L.P. increased its position in shares of Gain Capital by 57.8% during the second quarter. Alliancebernstein L.P. now owns 39,600 shares of the financial services provider’s stock worth $247,000 after acquiring an additional 14,500 shares in the last quarter. Martingale Asset Management L P increased its position in shares of Gain Capital by 52.2% during the second quarter. Martingale Asset Management L P now owns 23,020 shares of the financial services provider’s stock worth $144,000 after acquiring an additional 7,900 shares in the last quarter. TIAA CREF Investment Management LLC increased its position in shares of Gain Capital by 2.2% during the second quarter. TIAA CREF Investment Management LLC now owns 97,677 shares of the financial services provider’s stock worth $609,000 after acquiring an additional 2,095 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its position in shares of Gain Capital by 7.6% during the second quarter. Ameriprise Financial Inc. now owns 886,638 shares of the financial services provider’s stock worth $5,523,000 after acquiring an additional 62,400 shares in the last quarter. 56.25% of the stock is owned by institutional investors.

Shares of Gain Capital (GCAP) traded up $0.29 during midday trading on Friday, reaching $8.27. 3,019,200 shares of the company traded hands, compared to its average volume of 3,978,967. Gain Capital has a fifty-two week low of $5.56 and a fifty-two week high of $13.26. The firm has a market capitalization of $365.13, a price-to-earnings ratio of 27.57, a P/E/G ratio of 1.48 and a beta of 0.26. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.24 and a quick ratio of 1.24.

The company also recently announced a quarterly dividend, which was paid on Thursday, December 21st. Shareholders of record on Monday, December 11th were issued a $0.06 dividend. The ex-dividend date was Friday, December 8th. This represents a $0.24 annualized dividend and a yield of 2.90%. Gain Capital’s dividend payout ratio (DPR) is presently 80.00%.

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Gain Capital Company Profile

GAIN Capital Holdings, Inc (GAIN) is a provider of trading services and solutions, specializing in over-the-counter (OTC) and exchange-traded markets. The Company’s segments include Retail segment, Institutional segment and Futures segment. Through its retail segment, the Company provides its retail customers across the world with access to a range of global financial markets, including spot forex, precious metals, spread bets and contracts for difference (CFDs) on commodities, indices, individual equities and interest rate products, as well OTC options on forex.

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