Equities analysts predict that Gain Capital Holdings Inc (NYSE:GCAP) will announce sales of $105.70 million for the current quarter, Zacks reports. Two analysts have provided estimates for Gain Capital’s earnings, with the highest sales estimate coming in at $107.00 million and the lowest estimate coming in at $104.39 million. Gain Capital posted sales of $59.60 million in the same quarter last year, which would indicate a positive year over year growth rate of 77.3%. The firm is scheduled to report its next quarterly earnings report on Thursday, May 3rd.
According to Zacks, analysts expect that Gain Capital will report full-year sales of $105.70 million for the current year, with estimates ranging from $371.53 million to $389.00 million. For the next year, analysts anticipate that the firm will report sales of $382.69 million per share, with estimates ranging from $381.37 million to $384.00 million. Zacks’ sales averages are a mean average based on a survey of research firms that that provide coverage for Gain Capital.
Gain Capital (NYSE:GCAP) last issued its quarterly earnings results on Thursday, March 8th. The financial services provider reported ($0.10) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.14 by ($0.24). Gain Capital had a negative net margin of 3.66% and a negative return on equity of 3.24%. The firm had revenue of $69.70 million during the quarter, compared to the consensus estimate of $72.89 million. During the same quarter last year, the firm posted $0.42 earnings per share. Gain Capital’s revenue was down 39.8% compared to the same quarter last year.
Shares of Gain Capital (NYSE GCAP) traded down $0.21 during midday trading on Friday, hitting $7.07. The stock had a trading volume of 943,019 shares, compared to its average volume of 1,686,388. Gain Capital has a 1-year low of $5.56 and a 1-year high of $13.26. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.45. The company has a market cap of $336.56 and a P/E ratio of -36.10.
The company also recently declared a quarterly dividend, which will be paid on Friday, March 30th. Stockholders of record on Tuesday, March 27th will be issued a $0.06 dividend. The ex-dividend date of this dividend is Monday, March 26th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 3.39%. Gain Capital’s dividend payout ratio (DPR) is -120.00%.
In related news, insider Samantha Roady sold 36,000 shares of the company’s stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $8.37, for a total transaction of $301,320.00. Following the completion of the transaction, the insider now directly owns 297,354 shares in the company, valued at approximately $2,488,852.98. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, General Counsel Diego Rotsztain sold 49,149 shares of the company’s stock in a transaction on Thursday, December 28th. The stock was sold at an average price of $9.00, for a total value of $442,341.00. Following the transaction, the general counsel now owns 107,615 shares of the company’s stock, valued at $968,535. The disclosure for this sale can be found here. Insiders sold a total of 139,010 shares of company stock valued at $1,220,918 over the last quarter. Company insiders own 5.60% of the company’s stock.
Institutional investors and hedge funds have recently modified their holdings of the stock. Mariner Investment Group LLC bought a new position in Gain Capital during the 4th quarter worth $100,000. Los Angeles Capital Management & Equity Research Inc. bought a new position in Gain Capital during the 3rd quarter worth $104,000. Trexquant Investment LP bought a new position in Gain Capital during the 3rd quarter worth $109,000. Investors Research Corp bought a new position in Gain Capital during the 4th quarter worth $141,000. Finally, Virtu Financial LLC bought a new position in Gain Capital during the 4th quarter worth $157,000. Hedge funds and other institutional investors own 56.42% of the company’s stock.
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Gain Capital Company Profile
GAIN Capital Holdings, Inc (GAIN) is a provider of trading services and solutions, specializing in over-the-counter (OTC) and exchange-traded markets. The Company’s segments include Retail segment, Institutional segment and Futures segment. Through its retail segment, the Company provides its retail customers across the world with access to a range of global financial markets, including spot forex, precious metals, spread bets and contracts for difference (CFDs) on commodities, indices, individual equities and interest rate products, as well OTC options on forex.
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