Wall Street analysts expect Hercules Capital, Inc. (NYSE: HTGC) to report revenue of $ 71.55 million for the current fiscal quarter, reports Zacks Investment Research. Five analysts have released Hercules Capital earnings estimates. The lowest sales estimate is $ 70.34 million and the highest is $ 72.70 million. Hercules Capital reported sales of $ 70.34 million in the same quarter last year, suggesting a positive year-over-year growth rate of 1.7%. The company is expected to publish its next results on Thursday, November 4.
Zacks says analysts expect Hercules Capital to report annual revenue of $ 282.80 million for the current fiscal year, with estimates ranging from $ 278.83 million to $ 284.90 million of dollars. For next year, analysts predict the company will post sales of $ 305.94 million, with estimates ranging from $ 284.97 million to $ 315.62 million. Zacks Investment Research’s sales calculations are an average based on a survey of sales-side research analysts who follow Hercules Capital.
Hercules Capital (NYSE: HTGC) last released its quarterly results on Thursday, July 29. The financial services provider reported $ 0.32 of EPS for the quarter, reaching the consensus estimate of $ 0.32. Hercules Capital had a net margin of 120.11% and a return on equity of 11.87%. The company posted revenue of $ 69.56 million in the quarter, compared to $ 69.75 million according to analysts’ estimates.
Institutional investors have recently increased or reduced their stakes in the company. Lake Point Wealth Management acquired a new equity interest in Hercules Capital in the second quarter valued at $ 30,000. BNP Paribas Arbitrage SA increased its position in Hercules Capital shares by 112.9% in the first quarter. BNP Paribas Arbitrage SA now owns 6,667 shares of the financial services provider valued at $ 107,000 after acquiring 3,535 additional shares during the last quarter. Advisory Services Network LLC acquired a new equity stake in Hercules Capital in the second quarter valued at $ 114,000. Wolverine Asset Management LLC acquired a new equity stake in Hercules Capital in the first quarter valued at $ 110,000. Finally, Man Group plc acquired a new stake in Hercules Capital shares in the first quarter valued at $ 162,000. 27.22% of the shares are held by institutional investors.
Shares of HTGC opened at $ 16.65 on Friday. Hercules Capital has a one-year low of $ 10.83 and a one-year high of $ 17.75. The company has a leverage ratio of 0.87, a quick ratio of 1.17, and a current ratio of 1.17. The company has a 50-day moving average price of $ 16.98 and a 200-day moving average price of $ 16.93. The company has a market cap of $ 1.93 billion, a price / earnings ratio of 5.76, a price / earnings / growth ratio of 0.51, and a beta of 1.55.
The company also recently declared a quarterly dividend, which was paid on Wednesday, August 18. Investors registered on Wednesday August 11 received a dividend of $ 0.32 per share. This represents an annualized dividend of $ 1.28 and a yield of 7.69%. The ex-dividend date of this dividend was Tuesday August 10. Hercules Capital’s dividend distribution rate (DPR) is 92.09%.
Hercules Capital Company Profile
Hercules is the largest non-bank lender to venture capital-backed companies at all stages of development in a widely diverse variety of technology industries, life sciences, and sustainable and renewable technologies. With over a decade of experience in risky debt, Hercules is uniquely positioned to quickly create innovative financing solutions that integrate seamlessly into a company’s existing capital structure and match its business objectives.
Further reading: What are the risks of holding treasury bills?
Get a Free Copy of Zacks’ Research Report on Hercules Capital (HTGC)
For more information on Zacks Investment Research’s research offerings, visit Zacks.com
This instant news alert was powered by storytelling technology and MarketBeat financial data to provide readers with the fastest, most accurate reports. This story was reviewed by the MarketBeat editorial team prior to publication. Please send any questions or comments about this story to [email protected]
Should you invest $ 1,000 in Hercules Capital now?
Before you consider Hercules Capital, you’ll want to hear this.
MarketBeat tracks Wall Street’s top-rated and top-performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat identified the five stocks that top analysts quietly whisper to their clients to buy now before the broader market takes hold… and Hercules Capital was not on the list.
Although Hercules Capital currently has a “Buy” rating among analysts, top-rated analysts believe these five stocks are better bids.
See the 5 actions here