Hercules Capital (HTGC) Scheduled to Post Earnings on Thursday

Hercules Capital (NYSE:HTGCGet Rating) will issue its quarterly earnings data after the market closes on Thursday, May 5th. Analysts expect the company to announce earnings of $0.31 per share for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.

Hercules Capital (NYSE:HTGCGet Rating) last issued its earnings results on Tuesday, February 22nd. The financial services provider reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.02. Hercules Capital had a return on equity of 11.28% and a net margin of 61.98%. The business had revenue of $72.50 million for the quarter, compared to analyst estimates of $70.86 million. During the same quarter last year, the company earned $0.37 EPS. The business’s quarterly revenue was down 3.7% on a year-over-year basis. On average, analysts expect Hercules Capital to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Shares of NYSE HTGC opened at $17.33 on Thursday. The company has a debt-to-equity ratio of 0.94, a quick ratio of 3.22 and a current ratio of 3.22. Hercules Capital has a fifty-two week low of $15.91 and a fifty-two week high of $19.09. The firm has a market capitalization of $2.08 billion, a PE ratio of 12.12, a price-to-earnings-growth ratio of 0.56 and a beta of 1.40. The stock’s 50-day simple moving average is $17.93 and its 200-day simple moving average is $17.41.

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 16th. Shareholders of record on Wednesday, March 9th were given a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 7.62%. The ex-dividend date was Tuesday, March 8th. Hercules Capital’s dividend payout ratio (DPR) is 92.31%.

Large investors have recently added to or reduced their stakes in the company. BlackRock Inc. boosted its stake in shares of Hercules Capital by 7.4% in the fourth quarter. BlackRock Inc. now owns 1,000,152 shares of the financial services provider’s stock valued at $16,593,000 after buying an additional 68,483 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of Hercules Capital by 182.2% in the fourth quarter. Goldman Sachs Group Inc. now owns 141,599 shares of the financial services provider’s stock valued at $2,349,000 after buying an additional 91,420 shares in the last quarter. Mackenzie Financial Corp boosted its stake in shares of Hercules Capital by 6.0% in the fourth quarter. Mackenzie Financial Corp now owns 126,472 shares of the financial services provider’s stock valued at $2,098,000 after buying an additional 7,170 shares in the last quarter. Bank of America Corp DE boosted its stake in shares of Hercules Capital by 52.1% in the fourth quarter. Bank of America Corp DE now owns 98,084 shares of the financial services provider’s stock valued at $1,627,000 after buying an additional 33,606 shares in the last quarter. Finally, Boston Private Wealth LLC boosted its stake in shares of Hercules Capital by 71.5% in the fourth quarter. Boston Private Wealth LLC now owns 74,784 shares of the financial services provider’s stock valued at $1,241,000 after buying an additional 31,178 shares in the last quarter. 26.74% of the stock is currently owned by institutional investors and hedge funds.

HTGC has been the topic of several research analyst reports. Compass Point lowered Hercules Capital from a “buy” rating to a “neutral” rating and set a $18.00 price target on the stock. in a research report on Tuesday, February 8th. Wells Fargo & Company lifted their price target on Hercules Capital from $18.50 to $19.00 and gave the stock an “overweight” rating in a research report on Monday. Keefe, Bruyette & Woods lowered Hercules Capital from an “outperform” rating to a “market perform” rating and set a $18.00 price target on the stock. in a research report on Friday, April 22nd. StockNews.com assumed coverage on Hercules Capital in a report on Thursday, March 31st. They issued a “hold” rating on the stock. Finally, Piper Sandler lowered Hercules Capital from an “overweight” rating to a “neutral” rating and set a $19.00 target price on the stock. in a report on Monday, April 4th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $18.47.

About Hercules Capital (Get Rating)

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.

Further Reading

Earnings History for Hercules Capital (NYSE:HTGC)

Receive News & Ratings for Hercules Capital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hercules Capital and related companies with MarketBeat.com's FREE daily email newsletter.