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.
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