Wall Street analysts forecast that Hercules Capital Inc (NYSE:HTGC) will report $0.31 earnings per share (EPS) for the current quarter, according to Zacks. Six analysts have made estimates for Hercules Capital’s earnings, with the highest EPS estimate coming in at $0.32 and the lowest estimate coming in at $0.29. Hercules Capital reported earnings per share of $0.29 in the same quarter last year, which would suggest a positive year over year growth rate of 6.9%. The firm is expected to report its next quarterly earnings results on Thursday, February 28th.
According to Zacks, analysts expect that Hercules Capital will report full-year earnings of $1.21 per share for the current year, with EPS estimates ranging from $1.18 to $1.25. For the next financial year, analysts expect that the business will post earnings of $1.31 per share, with EPS estimates ranging from $1.19 to $1.40. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side analysts that cover Hercules Capital.
Hercules Capital (NYSE:HTGC) last posted its quarterly earnings results on Thursday, November 1st. The financial services provider reported $0.31 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.31. Hercules Capital had a return on equity of 11.60% and a net margin of 55.71%. The company had revenue of $52.60 million for the quarter, compared to analysts’ expectations of $54.37 million. During the same period last year, the firm earned $0.29 earnings per share. Hercules Capital’s quarterly revenue was up 14.7% on a year-over-year basis.
HTGC has been the topic of a number of research analyst reports. Wells Fargo & Co cut their target price on Hercules Capital from $14.25 to $14.00 and set an “outperform” rating on the stock in a research report on Monday, November 5th. B. Riley set a $15.00 target price on Hercules Capital and gave the stock a “buy” rating in a research report on Friday, November 2nd. ValuEngine cut Hercules Capital from a “hold” rating to a “sell” rating in a research report on Thursday, November 1st. Zacks Investment Research cut Hercules Capital from a “buy” rating to a “sell” rating in a research report on Monday, October 8th. Finally, JMP Securities lifted their target price on Hercules Capital from $14.00 to $14.50 and gave the stock a “market outperform” rating in a research report on Thursday, August 16th. Two research analysts have rated the stock with a sell rating and seven have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $14.50.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Granite Investment Partners LLC purchased a new position in shares of Hercules Capital during the second quarter worth about $14,788,000. Salzhauer Michael grew its holdings in shares of Hercules Capital by 25.0% during the second quarter. Salzhauer Michael now owns 25,000 shares of the financial services provider’s stock worth $316,000 after buying an additional 5,000 shares during the last quarter. PVG Asset Management Corp purchased a new position in shares of Hercules Capital during the second quarter worth about $473,000. Monarch Partners Asset Management LLC purchased a new position in shares of Hercules Capital during the second quarter worth about $2,861,000. Finally, Telemus Capital LLC purchased a new position in shares of Hercules Capital during the second quarter worth about $190,000. 37.22% of the stock is currently owned by hedge funds and other institutional investors.
Hercules Capital stock traded up $0.07 during midday trading on Friday, reaching $12.41. The company’s stock had a trading volume of 483,969 shares, compared to its average volume of 539,949. Hercules Capital has a fifty-two week low of $11.55 and a fifty-two week high of $13.84. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.86 and a quick ratio of 2.86. The stock has a market cap of $1.23 billion, a PE ratio of 10.70, a P/E/G ratio of 10.39 and a beta of 0.87.
The business also recently declared a quarterly dividend, which will be paid on Monday, November 19th. Investors of record on Monday, November 12th will be issued a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 9.99%. The ex-dividend date of this dividend is Thursday, November 8th. Hercules Capital’s dividend payout ratio is currently 106.90%.
Hercules Capital Company Profile
Hercules Capital, Inc, formerly known as Hercules Technology Growth Capital, Inc, is a business development company specializing in providing venture debt, debt, senior secured loans, and growth capital to privately held venture capital-backed companies at all stages of development from startups, to expansion stage including select publicly listed companies and select special opportunity lower middle market companies that require additional capital to fund acquisitions, recapitalizations and refinancing and established-stage companies.
Further Reading: Understanding Price to Earnings Ratio (PE)
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