Hamilton Lane Incorporated (NASDAQ:HLNE) Expected to Post Earnings of $0.75 Per Share

Wall Street analysts expect Hamilton Lane Incorporated (NASDAQ:HLNE – Get Rating) to report earnings of $0.75 per share for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for Hamilton Lane’s earnings, with the lowest EPS estimate coming in at $0.69 and the highest estimate coming in at $0.81. Hamilton Lane posted earnings per share of $0.95 in the same quarter last year, which would indicate a negative year over year growth rate of 21.1%. The company is expected to announce its next quarterly earnings report on Monday, January 1st.

On average, analysts expect that Hamilton Lane will report full year earnings of $4.26 per share for the current fiscal year, with EPS estimates ranging from $4.19 to $4.31. For the next financial year, analysts expect that the company will post earnings of $3.26 per share, with EPS estimates ranging from $3.01 to $3.49. Zacks’ EPS calculations are an average based on a survey of research firms that follow Hamilton Lane.

Hamilton Lane (NASDAQ:HLNE – Get Rating) last released its earnings results on Tuesday, February 1st. The company reported $1.27 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.94 by $0.33. The company had revenue of $91.70 million during the quarter, compared to the consensus estimate of $97.41 million. Hamilton Lane had a net margin of 54.14% and a return on equity of 62.83%. The company’s revenue was up 8.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.87 EPS.

HLNE has been the topic of a number of research analyst reports. Wells Fargo & Company lowered their price objective on shares of Hamilton Lane from $95.00 to $78.00 and set an “equal weight” rating on the stock in a research report on Tuesday, April 19th. Zacks Investment Research cut shares of Hamilton Lane from a “strong-buy” rating to a “hold” rating in a research note on Friday, February 4th. Finally, Morgan Stanley dropped their price objective on shares of Hamilton Lane from $111.00 to $101.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 20th.

A number of hedge funds have recently bought and sold shares of HLNE. Wasatch Advisors Inc. boosted its holdings in Hamilton Lane by 16.2% in the third quarter. Wasatch Advisors Inc. now owns 3,050,990 shares of the company’s stock valued at $258,785,000 after acquiring an additional 426,243 shares during the last quarter. Invesco Ltd. raised its position in Hamilton Lane by 18.1% in the 4th quarter. Invesco Ltd. now owns 1,086,603 shares of the company’s stock valued at $112,593,000 after buying an additional 166,566 shares during the last quarter. Loomis Sayles & Co. L P grew its stake in Hamilton Lane by 3.1% in the 4th quarter. Loomis Sayles & Co. L P now owns 930,942 shares of the company’s stock valued at $96,464,000 after purchasing an additional 27,808 shares during the period. Massachusetts Financial Services Co. MA grew its stake in Hamilton Lane by 3.5% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 751,078 shares of the company’s stock valued at $77,827,000 after purchasing an additional 25,529 shares during the period. Finally, State Street Corp grew its stake in shares of Hamilton Lane by 7.4% during the 4th quarter. State Street Corp now owns 730,346 shares of the company’s stock worth $75,925,000 after acquiring an additional 50,487 shares during the period. 98.33% of the stock is owned by institutional investors and hedge funds.

Shares of NASDAQ HLNE traded down $2.53 during midday trading on Friday, reaching $68.58. The company’s stock had a trading volume of 207,604 shares, compared to its average volume of 185,817. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 0.32. The company has a 50 day moving average price of $75.32 and a 200 day moving average price of $90.46. Hamilton Lane has a one year low of $68.17 and a one year high of $116.00. The company has a market cap of $3.65 billion, a price-to-earnings ratio of 14.94 and a beta of 0.95.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 6th. Shareholders of record on Tuesday, March 15th were given a dividend of $0.35 per share. The ex-dividend date was Monday, March 14th. This represents a $1.40 dividend on an annualized basis and a yield of 2.04%. Hamilton Lane’s dividend payout ratio (DPR) is 30.50%.

About Hamilton Lane (Get Rating)

Hamilton Lane Incorporated is an investment firm specializing in direct and fund of fund investments. It provides following services: separate accounts (customized to each individual client and structured as single client vehicles); specialized strategies (fund-of-funds, secondaries, co-investments, taft-hartley, distribution management); advisory relationships (including due diligence, strategic portfolio planning, monitoring and reporting services); and reporting and analytics solutions.

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