Q2 2022 EPS Estimates for Hercules Capital, Inc. (NYSE:HTGC) Cut by Jefferies Financial Group

Hercules Capital, Inc. (NYSE:HTGCGet Rating) – Jefferies Financial Group dropped their Q2 2022 earnings per share (EPS) estimates for Hercules Capital in a research report issued to clients and investors on Thursday, May 5th. Jefferies Financial Group analyst J. Hecht now expects that the financial services provider will post earnings per share of $0.32 for the quarter, down from their previous forecast of $0.33. Jefferies Financial Group also issued estimates for Hercules Capital’s Q4 2022 earnings at $0.38 EPS, Q1 2023 earnings at $0.38 EPS, Q2 2023 earnings at $0.39 EPS, Q3 2023 earnings at $0.40 EPS, Q4 2023 earnings at $0.40 EPS and FY2023 earnings at $1.57 EPS.

A number of other equities analysts also recently commented on the stock. Wells Fargo & Company upped their target price on shares of Hercules Capital from $18.50 to $19.00 and gave the stock an “overweight” rating in a research note on Monday, April 25th. Keefe, Bruyette & Woods cut shares of Hercules Capital from an “outperform” rating to a “market perform” rating and set a $18.00 price target for the company. in a research report on Friday, April 22nd. Compass Point cut shares of Hercules Capital from a “buy” rating to a “neutral” rating and set a $18.00 price target for the company. in a research report on Tuesday, February 8th. Piper Sandler cut shares of Hercules Capital from an “overweight” rating to a “neutral” rating and set a $19.00 price target for the company. in a research report on Monday, April 4th. Finally, StockNews.com assumed coverage on shares of Hercules Capital in a research report on Thursday, March 31st. They issued a “hold” rating for the company. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, Hercules Capital presently has a consensus rating of “Buy” and a consensus price target of $18.54.

Shares of HTGC stock opened at $17.33 on Monday. The company has a debt-to-equity ratio of 0.94, a current ratio of 3.22 and a quick ratio of 3.22. The company has a market capitalization of $2.15 billion, a P/E ratio of 20.39, a P/E/G ratio of 0.50 and a beta of 1.36. The company’s 50-day simple moving average is $17.80 and its two-hundred day simple moving average is $17.40. Hercules Capital has a one year low of $15.91 and a one year high of $19.09.

Hercules Capital (NYSE:HTGCGet Rating) last issued its earnings results on Thursday, May 5th. The financial services provider reported $0.30 EPS for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.01). The company had revenue of $62.25 million during the quarter, compared to the consensus estimate of $69.09 million. Hercules Capital had a return on equity of 11.33% and a net margin of 38.45%. Hercules Capital’s revenue was down 2.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.29 earnings per share.

Large investors have recently bought and sold shares of the stock. Wealthsource Partners LLC raised its holdings in shares of Hercules Capital by 2.5% in the third quarter. Wealthsource Partners LLC now owns 26,010 shares of the financial services provider’s stock worth $432,000 after buying an additional 645 shares during the last quarter. Coastal Bridge Advisors LLC raised its holdings in shares of Hercules Capital by 2.2% in the fourth quarter. Coastal Bridge Advisors LLC now owns 31,304 shares of the financial services provider’s stock worth $519,000 after buying an additional 663 shares during the last quarter. Peak Financial Advisors LLC raised its holdings in shares of Hercules Capital by 8.0% in the first quarter. Peak Financial Advisors LLC now owns 11,315 shares of the financial services provider’s stock worth $204,000 after buying an additional 840 shares during the last quarter. Naples Global Advisors LLC raised its holdings in shares of Hercules Capital by 1.8% in the fourth quarter. Naples Global Advisors LLC now owns 52,838 shares of the financial services provider’s stock worth $877,000 after buying an additional 947 shares during the last quarter. Finally, Total Clarity Wealth Management Inc. raised its holdings in shares of Hercules Capital by 10.2% in the fourth quarter. Total Clarity Wealth Management Inc. now owns 11,481 shares of the financial services provider’s stock worth $190,000 after buying an additional 1,067 shares during the last quarter. 25.51% of the stock is owned by institutional investors.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 24th. Investors of record on Tuesday, May 17th will be given a dividend of $0.33 per share. The ex-dividend date of this dividend is Monday, May 16th. This represents a $1.32 dividend on an annualized basis and a yield of 7.62%. Hercules Capital’s payout ratio is 155.30%.

Hercules Capital Company Profile (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.

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Earnings History and Estimates for Hercules Capital (NYSE:HTGC)

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