Wall Street analysts expect GAIN Capital Holdings, Inc. (NYSE:GCAP) to announce sales of $90.41 million for the current quarter, according to Zacks. Two analysts have made estimates for GAIN Capital Holdings’ earnings. The highest sales estimate is $91.82 million and the lowest is $89.00 million. GAIN Capital Holdings reported sales of $72.20 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 25.2%. The business is expected to announce its next quarterly earnings report on Thursday, November 2nd.
On average, analysts expect that GAIN Capital Holdings will report full-year sales of $90.41 million for the current fiscal year, with estimates ranging from $337.00 million to $348.55 million. For the next fiscal year, analysts forecast that the company will report sales of $372.37 million per share, with estimates ranging from $369.00 million to $375.73 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side analysts that that provide coverage for GAIN Capital Holdings.
GAIN Capital Holdings (NYSE:GCAP) last announced its quarterly earnings data on Thursday, August 3rd. The financial services provider reported $0.25 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.25. GAIN Capital Holdings had a net margin of 3.21% and a return on equity of 2.85%. The company had revenue of $98.10 million during the quarter, compared to analysts’ expectations of $98.70 million. During the same period in the previous year, the company earned $0.27 EPS. The business’s quarterly revenue was down 9.2% compared to the same quarter last year.
A number of equities research analysts have issued reports on the stock. Jefferies Group LLC reiterated a “buy” rating and issued a $8.50 target price (down previously from $9.00) on shares of GAIN Capital Holdings in a research report on Friday, August 4th. TheStreet upgraded shares of GAIN Capital Holdings from a “c” rating to a “b-” rating in a research report on Monday, August 7th. Zacks Investment Research downgraded shares of GAIN Capital Holdings from a “buy” rating to a “sell” rating in a research report on Tuesday, July 18th. Finally, BidaskClub downgraded shares of GAIN Capital Holdings from a “buy” rating to a “hold” rating in a research report on Tuesday, August 22nd. One research analyst has rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the stock. GAIN Capital Holdings currently has an average rating of “Hold” and a consensus price target of $7.58.
Shares of GAIN Capital Holdings (GCAP) opened at 6.50 on Wednesday. The stock’s 50 day moving average is $6.58 and its 200 day moving average is $6.82. The stock has a market capitalization of $307.07 million, a PE ratio of 28.51 and a beta of 0.33. GAIN Capital Holdings has a 52 week low of $4.54 and a 52 week high of $8.75.
GAIN Capital Holdings declared that its Board of Directors has approved a stock buyback program on Wednesday, May 17th that allows the company to buyback $35.00 million in outstanding shares. This buyback authorization allows the financial services provider to reacquire up to 12.7% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s leadership believes its stock is undervalued.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 19th. Shareholders of record on Tuesday, September 12th will be given a $0.06 dividend. The ex-dividend date of this dividend is Monday, September 11th. This represents a $0.24 dividend on an annualized basis and a yield of 3.69%. GAIN Capital Holdings’s payout ratio is 104.35%.
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In other GAIN Capital Holdings news, major shareholder Ltd Ipgl purchased 36,675 shares of the company’s stock in a transaction dated Monday, August 21st. The shares were bought at an average price of $6.25 per share, for a total transaction of $229,218.75. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Christopher Warren Calhoun sold 5,000 shares of the stock in a transaction on Thursday, July 13th. The stock was sold at an average price of $6.58, for a total transaction of $32,900.00. Following the transaction, the director now owns 55,149 shares in the company, valued at approximately $362,880.42. The disclosure for this sale can be found here. In the last 90 days, insiders have bought 200,000 shares of company stock worth $1,244,594 and have sold 40,000 shares worth $270,078. Corporate insiders own 5.60% of the company’s stock.
Several institutional investors and hedge funds have recently made changes to their positions in the company. Dimensional Fund Advisors LP increased its stake in shares of GAIN Capital Holdings by 0.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,169,088 shares of the financial services provider’s stock worth $13,513,000 after purchasing an additional 7,814 shares during the last quarter. Luzich Partners LLC increased its stake in shares of GAIN Capital Holdings by 14.8% during the 2nd quarter. Luzich Partners LLC now owns 1,415,878 shares of the financial services provider’s stock worth $8,821,000 after purchasing an additional 182,030 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of GAIN Capital Holdings by 1.3% during the 2nd quarter. Vanguard Group Inc. now owns 1,290,814 shares of the financial services provider’s stock worth $8,041,000 after purchasing an additional 16,952 shares during the last quarter. Northern Trust Corp increased its stake in shares of GAIN Capital Holdings by 61.8% during the 2nd quarter. Northern Trust Corp now owns 1,003,141 shares of the financial services provider’s stock worth $6,249,000 after purchasing an additional 383,185 shares during the last quarter. Finally, Ameriprise Financial Inc. increased its stake in shares of GAIN Capital Holdings by 7.6% during the 2nd quarter. Ameriprise Financial Inc. now owns 886,638 shares of the financial services provider’s stock worth $5,523,000 after purchasing an additional 62,400 shares during the last quarter. Institutional investors own 53.55% of the company’s stock.
GAIN Capital Holdings Company Profile
GAIN Capital Holdings, Inc (GAIN) is a provider of trading services and solutions, specializing in over-the-counter (OTC) and exchange-traded markets. The Company’s segments include Retail segment, Institutional segment and Futures segment. Through its retail segment, the Company provides its retail customers across the world with access to a range of global financial markets, including spot forex, precious metals, spread bets and contracts for difference (CFDs) on commodities, indices, individual equities and interest rate products, as well OTC options on forex.
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