Analysts Expect Hamilton Lane Inc (HLNE) Will Post Quarterly Sales of $67.28 Million

Equities analysts predict that Hamilton Lane Inc (NASDAQ:HLNE) will report $67.28 million in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Hamilton Lane’s earnings. The highest sales estimate is $71.90 million and the lowest is $62.66 million. Hamilton Lane reported sales of $77.61 million during the same quarter last year, which would suggest a negative year over year growth rate of 13.3%. The business is scheduled to report its next quarterly earnings report on Thursday, June 6th.

On average, analysts expect that Hamilton Lane will report full year sales of $250.21 million for the current fiscal year, with estimates ranging from $246.29 million to $256.50 million. For the next fiscal year, analysts anticipate that the firm will post sales of $307.32 million, with estimates ranging from $287.24 million to $324.22 million. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that follow Hamilton Lane.

Hamilton Lane (NASDAQ:HLNE) last posted its quarterly earnings data on Tuesday, February 5th. The company reported $0.62 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.40 by $0.22. Hamilton Lane had a return on equity of 66.32% and a net margin of 14.85%. The company had revenue of $66.00 million during the quarter, compared to analyst estimates of $65.27 million. During the same period in the previous year, the business earned $0.46 EPS. Hamilton Lane’s quarterly revenue was up 1.5% on a year-over-year basis.

Several research analysts have recently weighed in on the company. Zacks Investment Research upgraded Hamilton Lane from a “hold” rating to a “buy” rating and set a $46.00 target price on the stock in a report on Thursday, February 7th. Morgan Stanley lowered their target price on Hamilton Lane from $48.00 to $43.00 and set a “hold” rating on the stock in a report on Wednesday, November 14th. Finally, JPMorgan Chase & Co. cut Hamilton Lane from an “overweight” rating to a “neutral” rating and lowered their target price for the stock from $48.00 to $38.00 in a report on Thursday, November 1st.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. First Mercantile Trust Co. acquired a new position in Hamilton Lane in the fourth quarter valued at approximately $46,000. Bank of Montreal Can lifted its holdings in Hamilton Lane by 17.4% in the fourth quarter. Bank of Montreal Can now owns 2,235 shares of the company’s stock valued at $83,000 after acquiring an additional 332 shares during the last quarter. Legal & General Group Plc lifted its holdings in Hamilton Lane by 16.1% in the fourth quarter. Legal & General Group Plc now owns 2,589 shares of the company’s stock valued at $96,000 after acquiring an additional 359 shares during the last quarter. Quantamental Technologies LLC acquired a new position in Hamilton Lane in the fourth quarter valued at approximately $107,000. Finally, Tower Research Capital LLC TRC lifted its holdings in Hamilton Lane by 760.1% in the third quarter. Tower Research Capital LLC TRC now owns 2,434 shares of the company’s stock valued at $108,000 after acquiring an additional 2,151 shares during the last quarter. Hedge funds and other institutional investors own 42.72% of the company’s stock.

NASDAQ:HLNE traded up $1.01 during trading hours on Friday, hitting $44.00. 97,985 shares of the stock were exchanged, compared to its average volume of 98,565. Hamilton Lane has a 52-week low of $31.81 and a 52-week high of $54.59. The company has a current ratio of 1.96, a quick ratio of 2.19 and a debt-to-equity ratio of 0.42. The firm has a market cap of $2.18 billion, a P/E ratio of 26.83, a price-to-earnings-growth ratio of 1.53 and a beta of 0.80.

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 4th. Stockholders of record on Friday, March 15th will be issued a dividend of $0.2125 per share. This represents a $0.85 annualized dividend and a dividend yield of 1.93%. The ex-dividend date of this dividend is Thursday, March 14th. Hamilton Lane’s dividend payout ratio is currently 51.83%.

Hamilton Lane Company Profile

Hamilton Lane Incorporated is an investment firm specializing in direct and fund of fund investments. It provides following services: separate accounts (customized to each individual client and structured as single client vehicles); specialized strategies (fund-of-funds, secondaries, co-investments, taft-hartley, distribution management); advisory relationships (including due diligence, strategic portfolio planning, monitoring and reporting services); and reporting and analytics solutions.

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