Analysts Expect Hercules Capital, Inc. (NYSE:HTGC) to Post $0.33 EPS

Wall Street brokerages forecast that Hercules Capital, Inc. (NYSE:HTGC) will report earnings per share of $0.33 for the current quarter, Zacks Investment Research reports. Five analysts have provided estimates for Hercules Capital’s earnings. The lowest EPS estimate is $0.32 and the highest is $0.34. Hercules Capital reported earnings of $0.34 per share in the same quarter last year, which suggests a negative year-over-year growth rate of 2.9%. The business is expected to issue its next quarterly earnings report on Thursday, November 4th.

According to Zacks, analysts expect that Hercules Capital will report full year earnings of $1.29 per share for the current fiscal year, with EPS estimates ranging from $1.26 to $1.32. For the next financial year, analysts anticipate that the firm will report earnings of $1.39 per share, with EPS estimates ranging from $1.28 to $1.48. Zacks’ EPS averages are a mean average based on a survey of sell-side research firms that that provide coverage for Hercules Capital.

Hercules Capital (NYSE:HTGC) last posted its quarterly earnings data on Thursday, July 29th. The financial services provider reported $0.32 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.32. Hercules Capital had a return on equity of 11.87% and a net margin of 120.11%. The firm had revenue of $69.56 million during the quarter, compared to analysts’ expectations of $69.75 million.

HTGC opened at $16.65 on Thursday. Hercules Capital has a 12-month low of $10.83 and a 12-month high of $17.75. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.87. The stock has a 50-day moving average price of $16.98 and a 200-day moving average price of $16.94. The stock has a market capitalization of $1.93 billion, a P/E ratio of 5.76, a PEG ratio of 0.51 and a beta of 1.55.

The business also recently announced a quarterly dividend, which was paid on Wednesday, August 18th. Stockholders of record on Wednesday, August 11th were paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 7.69%. The ex-dividend date was Tuesday, August 10th. Hercules Capital’s dividend payout ratio (DPR) is presently 92.09%.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. CWA Asset Management Group LLC lifted its stake in shares of Hercules Capital by 5.9% in the 1st quarter. CWA Asset Management Group LLC now owns 11,569 shares of the financial services provider’s stock valued at $185,000 after acquiring an additional 645 shares during the last quarter. PNC Financial Services Group Inc. raised its position in Hercules Capital by 0.3% during the 2nd quarter. PNC Financial Services Group Inc. now owns 265,537 shares of the financial services provider’s stock valued at $4,529,000 after purchasing an additional 746 shares during the last quarter. Geneos Wealth Management Inc. raised its position in Hercules Capital by 3.3% during the 1st quarter. Geneos Wealth Management Inc. now owns 24,092 shares of the financial services provider’s stock valued at $429,000 after purchasing an additional 769 shares during the last quarter. Avantax Advisory Services Inc. raised its position in Hercules Capital by 1.2% during the 1st quarter. Avantax Advisory Services Inc. now owns 62,657 shares of the financial services provider’s stock valued at $1,006,000 after purchasing an additional 770 shares during the last quarter. Finally, Lake Point Wealth Management bought a new position in Hercules Capital during the 2nd quarter valued at approximately $30,000. 27.22% of the stock is owned by institutional investors.

About Hercules Capital

Hercules is the largest non-bank lender to venture capital-backed companies at all stages of development in a broadly diversified variety of technology, life sciences, and sustainable and renewable technology industries. With over a decade of experience in venture debt, Hercules is uniquely positioned to quickly create innovative financing solutions that perfectly fit within a company’s existing capital structure and map to its business objectives.

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

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