Equities analysts forecast that Hercules Capital Inc (NYSE:HTGC) will announce sales of $54.98 million for the current quarter, according to Zacks Investment Research. Six analysts have made estimates for Hercules Capital’s earnings, with estimates ranging from $53.33 million to $57.27 million. Hercules Capital posted sales of $50.20 million in the same quarter last year, which would indicate a positive year over year growth rate of 9.5%. The company is expected to report its next earnings results on Thursday, February 28th.
On average, analysts expect that Hercules Capital will report full year sales of $206.19 million for the current financial year, with estimates ranging from $204.00 million to $210.42 million. For the next year, analysts expect that the firm will post sales of $240.71 million, with estimates ranging from $224.89 million to $252.64 million. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that follow Hercules Capital.
Hercules Capital (NYSE:HTGC) last issued its quarterly earnings data on Thursday, November 1st. The financial services provider reported $0.31 earnings per share (EPS) for the quarter, hitting 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 the consensus estimate of $54.37 million. During the same quarter last year, the business posted $0.29 earnings per share. The firm’s revenue was up 14.7% compared to the same quarter last year.
A number of equities research analysts have weighed in on the company. Zacks Investment Research upgraded Hercules Capital from a “hold” rating to a “buy” rating and set a $15.00 price target on the stock in a research report on Wednesday, October 3rd. B. Riley set a $15.00 price target on Hercules Capital and gave the company a “buy” rating in a research report on Friday, November 2nd. Wells Fargo & Co lowered their price target 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. ValuEngine downgraded Hercules Capital from a “hold” rating to a “sell” rating in a research report on Monday, October 8th. Finally, JMP Securities raised their price target on Hercules Capital from $14.00 to $14.50 and gave the company a “market outperform” rating in a research report on Thursday, August 16th. Two equities research analysts have rated the stock with a sell rating and six have assigned a buy rating to the company’s stock. Hercules Capital presently has an average rating of “Buy” and an average target price of $14.50.
NYSE HTGC remained flat at $$11.80 during trading hours on Wednesday. The company’s stock had a trading volume of 549,506 shares, compared to its average volume of 493,565. Hercules Capital has a twelve month low of $11.55 and a twelve month high of $13.70. The company has a quick ratio of 2.86, a current ratio of 2.86 and a debt-to-equity ratio of 0.71. The stock has a market capitalization of $1.14 billion, a P/E ratio of 9.83, a price-to-earnings-growth ratio of 9.75 and a beta of 0.82.
The business also recently disclosed a quarterly dividend, which was paid on Monday, November 19th. Stockholders of record on Monday, November 12th were paid a dividend of $0.31 per share. The ex-dividend date of this dividend was Thursday, November 8th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 10.51%. Hercules Capital’s dividend payout ratio (DPR) is currently 106.90%.
Large investors have recently made changes to their positions in the company. Granite Investment Partners LLC bought a new position in shares of Hercules Capital during the second quarter valued at about $14,788,000. Salzhauer Michael grew its stake in shares of Hercules Capital by 25.0% in the second quarter. Salzhauer Michael now owns 25,000 shares of the financial services provider’s stock worth $316,000 after purchasing an additional 5,000 shares during the last quarter. PVG Asset Management Corp bought a new stake in shares of Hercules Capital in the second quarter worth about $473,000. Janney Montgomery Scott LLC grew its stake in shares of Hercules Capital by 6.9% in the third quarter. Janney Montgomery Scott LLC now owns 136,195 shares of the financial services provider’s stock worth $1,792,000 after purchasing an additional 8,838 shares during the last quarter. Finally, Trillium Asset Management LLC grew its stake in shares of Hercules Capital by 9.3% in the third quarter. Trillium Asset Management LLC now owns 326,364 shares of the financial services provider’s stock worth $4,295,000 after purchasing an additional 27,877 shares during the last quarter. 37.87% of the stock is currently owned by hedge funds and other institutional investors.
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: Earnings Per Share
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