Zacks: Analysts Anticipate Hercules Capital, Inc. (NYSE:HTGC) to Announce $0.29 EPS


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Wall Street brokerages forecast that Hercules Capital, Inc. (NYSE:HTGC) will announce earnings per share (EPS) of $0.29 for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided estimates for Hercules Capital’s earnings. The lowest EPS estimate is $0.27 and the highest is $0.30. Hercules Capital posted earnings of $0.37 per share during the same quarter last year, which would indicate a negative year over year growth rate of 21.6%. The business is expected to report its next earnings results on Monday, May 3rd.

According to Zacks, analysts expect that Hercules Capital will report full-year earnings of $1.34 per share for the current financial year, with EPS estimates ranging from $1.20 to $1.40. For the next financial year, analysts anticipate that the firm will report earnings of $1.44 per share, with EPS estimates ranging from $1.35 to $1.51. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research firms that follow Hercules Capital.

Hercules Capital (NYSE:HTGC) last issued its quarterly earnings data on Monday, February 22nd. The financial services provider reported $0.37 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.33 by $0.04. Hercules Capital had a return on equity of 13.58% and a net margin of 42.72%. The business had revenue of $75.33 million during the quarter, compared to the consensus estimate of $70.59 million. During the same period in the previous year, the firm posted $0.38 earnings per share. The business’s revenue was up 6.7% on a year-over-year basis.

Several brokerages recently commented on HTGC. Piper Sandler boosted their target price on Hercules Capital from $13.00 to $16.00 and gave the stock an “overweight” rating in a report on Friday, January 8th. Royal Bank of Canada began coverage on Hercules Capital in a report on Wednesday, March 31st. They set an “outperform” rating and a $17.00 target price on the stock. B. Riley reissued a “buy” rating on shares of Hercules Capital in a report on Monday, February 22nd. Finally, TheStreet raised Hercules Capital from a “c+” rating to a “b” rating in a report on Friday, March 12th. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the company. Hercules Capital presently has an average rating of “Buy” and a consensus target price of $13.42.

In other Hercules Capital news, CEO Scott Bluestein sold 80,000 shares of the business’s stock in a transaction on Thursday, March 18th. The shares were sold at an average price of $15.80, for a total transaction of $1,264,000.00. Following the sale, the chief executive officer now directly owns 923,086 shares of the company’s stock, valued at approximately $14,584,758.80. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Thomas J. Fallon sold 15,000 shares of the business’s stock in a transaction on Monday, March 15th. The shares were sold at an average price of $16.56, for a total transaction of $248,400.00. Following the sale, the director now directly owns 49,937 shares in the company, valued at $826,956.72. The disclosure for this sale can be found here. 3.30% of the stock is currently owned by corporate insiders.

A number of large investors have recently made changes to their positions in HTGC. Huntington National Bank acquired a new stake in Hercules Capital during the 4th quarter valued at $26,000. Reby Advisors LLC acquired a new stake in Hercules Capital during the 4th quarter valued at $41,000. Orion Capital Management LLC acquired a new stake in Hercules Capital during the 4th quarter valued at $43,000. Penbrook Management LLC acquired a new stake in Hercules Capital during the 4th quarter valued at $58,000. Finally, Baker Avenue Asset Management LP purchased a new position in shares of Hercules Capital during the 4th quarter valued at $147,000. 28.89% of the stock is currently owned by institutional investors.

NYSE:HTGC traded up $0.05 during midday trading on Tuesday, hitting $16.91. 418,101 shares of the stock were exchanged, compared to its average volume of 680,641. Hercules Capital has a one year low of $8.16 and a one year high of $16.95. The company has a market capitalization of $1.95 billion, a price-to-earnings ratio of 15.66 and a beta of 1.57. The business has a 50-day moving average price of $16.02 and a two-hundred day moving average price of $14.06. The company has a current ratio of 2.35, a quick ratio of 2.35 and a debt-to-equity ratio of 1.07.

The business also recently declared a quarterly dividend, which was paid on Monday, March 15th. Shareholders of record on Monday, March 8th were issued a $0.32 dividend. The ex-dividend date was Friday, March 5th. This represents a $1.28 annualized dividend and a dividend yield of 7.57%. Hercules Capital’s dividend payout ratio is currently 90.78%.

About Hercules Capital

Hercules Capital, Inc is a business development company. The firm 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.

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