Equities analysts forecast that Hercules Capital Inc (NYSE:HTGC) will announce sales of $49.69 million for the current fiscal quarter, according to Zacks. Six analysts have made estimates for Hercules Capital’s earnings. The highest sales estimate is $50.85 million and the lowest is $48.50 million. Hercules Capital reported sales of $46.37 million during the same quarter last year, which suggests a positive year over year growth rate of 7.2%. The company is expected to announce its next earnings results on Thursday, May 3rd.
According to Zacks, analysts expect that Hercules Capital will report full year sales of $49.69 million for the current fiscal year, with estimates ranging from $203.50 million to $209.41 million. For the next fiscal year, analysts forecast that the business will report sales of $216.28 million per share, with estimates ranging from $202.09 million to $230.47 million. Zacks’ sales calculations are an average based on a survey of research analysts that cover Hercules Capital.
Hercules Capital (NYSE:HTGC) last posted its quarterly earnings results on Thursday, February 22nd. The financial services provider reported $0.29 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.29. The business had revenue of $50.20 million for the quarter, compared to the consensus estimate of $48.29 million. Hercules Capital had a return on equity of 11.75% and a net margin of 41.39%. The company’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.35 EPS.
Shares of Hercules Capital (NYSE:HTGC) traded down $0.09 during mid-day trading on Tuesday, hitting $12.32. The stock had a trading volume of 537,602 shares, compared to its average volume of 392,741. The firm has a market cap of $1,040.00, a PE ratio of 12.97, a PEG ratio of 1.92 and a beta of 0.74. The company has a current ratio of 8.34, a quick ratio of 8.34 and a debt-to-equity ratio of 0.87. Hercules Capital has a fifty-two week low of $11.64 and a fifty-two week high of $15.68.
The firm also recently declared a quarterly dividend, which will be paid on Monday, March 12th. Investors of record on Monday, March 5th will be issued a $0.31 dividend. The ex-dividend date of this dividend is Friday, March 2nd. This represents a $1.24 dividend on an annualized basis and a yield of 10.06%. Hercules Capital’s payout ratio is 130.53%.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in HTGC. Bank of New York Mellon Corp raised its holdings in Hercules Capital by 17.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 65,885 shares of the financial services provider’s stock worth $873,000 after purchasing an additional 9,949 shares during the period. Parametric Portfolio Associates LLC raised its holdings in Hercules Capital by 8.2% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 194,008 shares of the financial services provider’s stock worth $2,569,000 after purchasing an additional 14,767 shares during the period. HighTower Advisors LLC raised its holdings in Hercules Capital by 0.7% in the 2nd quarter. HighTower Advisors LLC now owns 12,174 shares of the financial services provider’s stock worth $162,000 after purchasing an additional 81 shares during the period. Goldman Sachs Group Inc. raised its holdings in Hercules Capital by 48.0% in the 2nd quarter. Goldman Sachs Group Inc. now owns 131,368 shares of the financial services provider’s stock worth $1,739,000 after purchasing an additional 42,577 shares during the period. Finally, The Manufacturers Life Insurance Company raised its holdings in Hercules Capital by 29.8% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 8,858 shares of the financial services provider’s stock worth $117,000 after purchasing an additional 2,034 shares during the period. 37.65% of the stock is owned by institutional investors.
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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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