Equities research analysts expect that Hercules Capital, Inc. (NYSE:HTGC) will announce sales of $48.05 million for the current quarter, according to Zacks Investment Research. Five analysts have issued estimates for Hercules Capital’s earnings, with estimates ranging from $45.35 million to $50.59 million. Hercules Capital reported sales of $45.10 million during the same quarter last year, which suggests a positive year-over-year growth rate of 6.5%. The company is expected to issue its next earnings results on Thursday, November 2nd.
According to Zacks, analysts expect that Hercules Capital will report full-year sales of $48.05 million for the current fiscal year, with estimates ranging from $186.67 million to $198.00 million. For the next year, analysts forecast that the firm will report sales of $208.37 million per share, with estimates ranging from $202.05 million to $215.36 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that cover Hercules Capital.
Hercules Capital (NYSE:HTGC) last announced its earnings results on Thursday, August 3rd. The financial services provider reported $0.31 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.31. The company had revenue of $48.45 million during the quarter, compared to analysts’ expectations of $48.25 million. Hercules Capital had a net margin of 38.69% and a return on equity of 12.93%. The firm’s quarterly revenue was up 11.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.32 earnings per share.
Several equities analysts have recently weighed in on HTGC shares. Royal Bank Of Canada restated a “buy” rating and set a $16.00 price objective on shares of Hercules Capital in a research report on Sunday. BidaskClub lowered shares of Hercules Capital from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 24th. Jefferies Group LLC restated a “buy” rating and set a $16.00 price objective on shares of Hercules Capital in a research report on Friday, July 14th. ValuEngine lowered shares of Hercules Capital from a “strong-buy” rating to a “buy” rating in a research report on Friday, June 2nd. Finally, Zacks Investment Research upgraded shares of Hercules Capital from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 16th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the company’s stock. Hercules Capital presently has a consensus rating of “Hold” and a consensus price target of $15.21.
Hedge funds have recently bought and sold shares of the stock. Global X Management Co. LLC raised its stake in Hercules Capital by 50.0% in the first quarter. Global X Management Co. LLC now owns 9,196 shares of the financial services provider’s stock worth $139,000 after buying an additional 3,067 shares in the last quarter. United Capital Financial Advisers LLC purchased a new stake in Hercules Capital during the first quarter worth approximately $157,000. Eagle Global Advisors LLC purchased a new stake in Hercules Capital during the second quarter worth approximately $154,000. HighTower Advisors LLC raised its stake in Hercules Capital by 0.6% in the first quarter. HighTower Advisors LLC now owns 12,093 shares of the financial services provider’s stock worth $183,000 after buying an additional 72 shares in the last quarter. Finally, Envestnet Asset Management Inc. raised its stake in Hercules Capital by 234.7% in the first quarter. Envestnet Asset Management Inc. now owns 12,400 shares of the financial services provider’s stock worth $188,000 after buying an additional 8,695 shares in the last quarter. 44.25% of the stock is owned by institutional investors.
Shares of Hercules Capital (HTGC) traded up 0.38% during trading on Friday, reaching $13.23. 588,500 shares of the company’s stock were exchanged. The firm has a market capitalization of $1.10 billion, a PE ratio of 21.41 and a beta of 0.82. Hercules Capital has a 52 week low of $12.29 and a 52 week high of $15.68. The company’s 50-day moving average price is $13.30 and its 200 day moving average price is $14.11.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 21st. Shareholders of record on Monday, August 14th will be paid a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 9.37%. The ex-dividend date of this dividend is Thursday, August 10th. Hercules Capital’s dividend payout ratio is presently 134.78%.
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Hercules Capital Company Profile
Hercules Capital, Inc is a specialty finance company. The Company is an internally managed, non-diversified, closed-end investment company. The Company focuses on providing senior secured venture growth loans to venture capital-backed companies in a range of technology, life sciences, and sustainable and renewable technology industries.
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