Analysts expect Hercules Capital Inc (NYSE:HTGC) to post sales of $68.79 million for the current quarter, according to Zacks Investment Research. Four analysts have issued estimates for Hercules Capital’s earnings. The lowest sales estimate is $67.05 million and the highest is $70.28 million. Hercules Capital reported sales of $56.89 million during the same quarter last year, which would suggest a positive year over year growth rate of 20.9%. The business is scheduled to issue its next earnings report on Thursday, February 20th.
According to Zacks, analysts expect that Hercules Capital will report full year sales of $266.09 million for the current year, with estimates ranging from $264.34 million to $267.58 million. For the next year, analysts anticipate that the business will report sales of $295.33 million, with estimates ranging from $281.49 million to $310.76 million. Zacks Investment Research’s sales averages are a mean average based on a survey of research firms that follow Hercules Capital.
Hercules Capital (NYSE:HTGC) last posted its earnings results on Wednesday, October 30th. The financial services provider reported $0.37 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.34 by $0.03. The business had revenue of $69.24 million during the quarter, compared to the consensus estimate of $68.08 million. Hercules Capital had a return on equity of 12.94% and a net margin of 44.00%. The business’s quarterly revenue was up 31.6% on a year-over-year basis. During the same period in the previous year, the business earned $0.31 EPS.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Centaurus Financial Inc. raised its stake in Hercules Capital by 8,201.7% during the 2nd quarter. Centaurus Financial Inc. now owns 837,974 shares of the financial services provider’s stock valued at $10,743,000 after acquiring an additional 827,880 shares during the last quarter. Virtus ETF Advisers LLC acquired a new position in Hercules Capital in the 2nd quarter valued at $3,368,000. Sound Income Strategies LLC raised its position in Hercules Capital by 13.8% during the 3rd quarter. Sound Income Strategies LLC now owns 1,903,877 shares of the financial services provider’s stock worth $25,455,000 after buying an additional 230,391 shares during the last quarter. Bank of Montreal Can raised its position in Hercules Capital by 65.7% during the 2nd quarter. Bank of Montreal Can now owns 503,271 shares of the financial services provider’s stock worth $6,451,000 after buying an additional 199,600 shares during the last quarter. Finally, Putnam Investments LLC acquired a new stake in shares of Hercules Capital in the 2nd quarter worth $2,126,000. 33.21% of the stock is currently owned by hedge funds and other institutional investors.
NYSE:HTGC traded up $0.06 during mid-day trading on Friday, reaching $14.27. 438,837 shares of the stock were exchanged, compared to its average volume of 604,543. The stock has a market capitalization of $1.49 billion, a P/E ratio of 11.99 and a beta of 0.87. Hercules Capital has a 1 year low of $10.57 and a 1 year high of $14.53. The company has a 50 day simple moving average of $14.00 and a 200-day simple moving average of $13.28. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 1.09.
The firm also recently announced a quarterly dividend, which was paid on Monday, November 18th. Stockholders of record on Monday, November 11th were issued a $0.03 dividend. The ex-dividend date of this dividend was Thursday, November 7th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.84%. Hercules Capital’s payout ratio is 107.56%.
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.
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