Wall Street brokerages expect Hercules Capital, Inc. (NYSE:HTGC) to post sales of $47.84 million for the current fiscal quarter, according to Zacks. Six analysts have issued estimates for Hercules Capital’s earnings, with estimates ranging from $46.13 million to $48.90 million. Hercules Capital reported sales of $47.47 million in the same quarter last year, which indicates a positive year over year growth rate of 0.8%. The company is expected to issue its next earnings report on Thursday, February 22nd.
According to Zacks, analysts expect that Hercules Capital will report full year sales of $47.84 million for the current year, with estimates ranging from $188.00 million to $189.59 million. For the next fiscal year, analysts forecast that the firm will report sales of $206.71 million per share, with estimates ranging from $203.50 million to $214.27 million. Zacks’ sales calculations are a mean 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 2nd. The financial services provider reported $0.29 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.29. The company had revenue of $45.90 million for the quarter, compared to the consensus estimate of $46.22 million. Hercules Capital had a net margin of 39.73% and a return on equity of 12.93%. Hercules Capital’s revenue was up 1.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.32 earnings per share.
A number of brokerages have recently commented on HTGC. B. Riley reissued a “buy” rating on shares of Hercules Capital in a research note on Friday, November 3rd. Raymond James Financial, Inc. raised shares of Hercules Capital from an “underperform” rating to a “market perform” rating in a research note on Friday, November 3rd. Wedbush began coverage on shares of Hercules Capital in a research note on Tuesday, October 24th. They issued a “neutral” rating and a $13.25 target price on the stock. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $15.00 target price on shares of Hercules Capital in a research note on Tuesday, October 24th. Finally, BidaskClub downgraded shares of Hercules Capital from a “buy” rating to a “hold” rating in a research note on Thursday, October 5th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have assigned a buy rating to the company. Hercules Capital has a consensus rating of “Hold” and an average target price of $14.34.
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Hercules Capital (NYSE HTGC) traded down $0.35 during trading hours on Tuesday, reaching $13.47. 723,638 shares of the company’s stock were exchanged, compared to its average volume of 504,537. The company has a debt-to-equity ratio of 0.87, a quick ratio of 8.34 and a current ratio of 8.34. The stock has a market capitalization of $1,140.00, a P/E ratio of 10.64, a P/E/G ratio of 2.40 and a beta of 0.84. Hercules Capital has a 12 month low of $11.64 and a 12 month high of $15.68.
The company also recently declared a quarterly dividend, which will be paid on Monday, November 20th. Investors of record on Monday, November 13th will be issued a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 9.21%. The ex-dividend date of this dividend is Friday, November 10th. Hercules Capital’s payout ratio is 136.26%.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in HTGC. Principal Financial Group Inc. grew its holdings in Hercules Capital by 108.0% during the 2nd quarter. Principal Financial Group Inc. now owns 2,957,591 shares of the financial services provider’s stock valued at $39,158,000 after purchasing an additional 1,535,592 shares in the last quarter. Ares Management LLC grew its holdings in Hercules Capital by 654.8% during the 2nd quarter. Ares Management LLC now owns 764,189 shares of the financial services provider’s stock valued at $10,117,000 after purchasing an additional 662,950 shares in the last quarter. Muzinich & Co. Inc. grew its holdings in Hercules Capital by 9.1% during the 2nd quarter. Muzinich & Co. Inc. now owns 3,957,236 shares of the financial services provider’s stock valued at $52,394,000 after purchasing an additional 330,564 shares in the last quarter. Advisors Asset Management Inc. acquired a new stake in Hercules Capital during the 2nd quarter valued at $3,832,000. Finally, Stifel Financial Corp grew its holdings in Hercules Capital by 52.6% during the 2nd quarter. Stifel Financial Corp now owns 489,896 shares of the financial services provider’s stock valued at $6,499,000 after purchasing an additional 168,900 shares in the last quarter. 42.82% of the stock is owned by institutional investors and hedge funds.
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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