Hercules Capital (HTGC) Set to Announce Quarterly Earnings on Thursday

Hercules Capital (NYSE:HTGC) will announce its earnings results after the market closes on Thursday, May 2nd. Analysts expect the company to announce earnings of $0.48 per share for the quarter. Investors that wish to listen to the company’s conference call can do so using this link.

Hercules Capital (NYSE:HTGC) last announced its quarterly earnings data on Thursday, February 15th. The financial services provider reported $0.56 earnings per share for the quarter, beating analysts’ consensus estimates of $0.50 by $0.06. The business had revenue of $122.60 million for the quarter, compared to analyst estimates of $117.48 million. Hercules Capital had a return on equity of 18.60% and a net margin of 73.26%. The company’s revenue was up 22.4% on a year-over-year basis. During the same period in the prior year, the company earned $0.47 earnings per share. On average, analysts expect Hercules Capital to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Hercules Capital Stock Up 0.5 %

Shares of HTGC stock opened at $18.95 on Thursday. The firm has a market capitalization of $3.07 billion, a PE ratio of 8.20 and a beta of 1.34. Hercules Capital has a fifty-two week low of $12.40 and a fifty-two week high of $19.03. The stock’s 50-day simple moving average is $18.31 and its 200-day simple moving average is $17.02. The company has a debt-to-equity ratio of 0.86, a quick ratio of 2.75 and a current ratio of 2.75.

Hercules Capital Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 6th. Investors of record on Wednesday, February 28th were issued a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 10.13%. The ex-dividend date of this dividend was Tuesday, February 27th. Hercules Capital’s dividend payout ratio (DPR) is 69.26%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on HTGC. Piper Sandler raised their target price on Hercules Capital from $20.00 to $21.00 and gave the stock an “overweight” rating in a report on Wednesday, April 10th. Keefe, Bruyette & Woods increased their price target on Hercules Capital from $17.00 to $18.00 and gave the stock a “market perform” rating in a research report on Friday, February 16th. JMP Securities increased their price target on Hercules Capital from $18.00 to $19.00 and gave the stock a “market outperform” rating in a research report on Tuesday, March 26th. Compass Point downgraded Hercules Capital from a “buy” rating to a “neutral” rating and increased their price target for the stock from $17.00 to $17.50 in a research report on Tuesday, January 16th. Finally, Wells Fargo & Company increased their price target on Hercules Capital from $17.00 to $18.00 and gave the stock an “overweight” rating in a research report on Monday, January 29th. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $18.00.

About Hercules Capital

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.