$0.36 EPS Expected for Hercules Capital Inc (NYSE:HTGC) This Quarter

Wall Street analysts expect Hercules Capital Inc (NYSE:HTGC) to report $0.36 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Four analysts have provided estimates for Hercules Capital’s earnings. The highest EPS estimate is $0.36 and the lowest is $0.35. Hercules Capital posted earnings per share of $0.32 in the same quarter last year, which indicates a positive year-over-year growth rate of 12.5%. The business is expected to report its next quarterly earnings report on Thursday, February 20th.

On average, analysts expect that Hercules Capital will report full year earnings of $1.40 per share for the current financial year, with EPS estimates ranging from $1.39 to $1.42. For the next financial year, analysts forecast that the business will report earnings of $1.45 per share, with EPS estimates ranging from $1.42 to $1.47. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side analysts that cover Hercules Capital.

Hercules Capital (NYSE:HTGC) last announced its quarterly earnings results on Wednesday, October 30th. The financial services provider reported $0.37 earnings per share (EPS) for the quarter, topping the Zacks’ 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 net margin of 44.00% and a return on equity of 12.94%. The business’s revenue was up 31.6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.31 EPS.

A number of analysts have recently issued reports on HTGC shares. JMP Securities set a $15.00 price target on shares of Hercules Capital and gave the stock a “buy” rating in a report on Friday, November 1st. TheStreet upgraded shares of Hercules Capital from a “c+” rating to a “b” rating in a report on Monday, September 16th. Finally, Wells Fargo & Co upgraded shares of Hercules Capital from a “market perform” rating to an “outperform” rating in a report on Monday, November 4th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the stock. Hercules Capital has an average rating of “Hold” and a consensus price target of $13.61.

A number of institutional investors have recently bought and sold shares of HTGC. Quest Capital Management Inc. ADV acquired a new stake in Hercules Capital in the 3rd quarter valued at approximately $29,000. Parallel Advisors LLC boosted its position in Hercules Capital by 696.6% in the 2nd quarter. Parallel Advisors LLC now owns 3,983 shares of the financial services provider’s stock valued at $51,000 after buying an additional 3,483 shares during the period. Private Ocean LLC boosted its position in Hercules Capital by 20.4% in the 3rd quarter. Private Ocean LLC now owns 5,623 shares of the financial services provider’s stock valued at $76,000 after buying an additional 953 shares during the period. Quantamental Technologies LLC purchased a new position in Hercules Capital in the 2nd quarter valued at approximately $127,000. Finally, H D Vest Advisory Services purchased a new position in Hercules Capital in the 2nd quarter valued at approximately $134,000. Hedge funds and other institutional investors own 33.21% of the company’s stock.

Shares of NYSE HTGC traded up $0.02 during midday trading on Wednesday, reaching $14.24. 515,706 shares of the stock were exchanged, compared to its average volume of 605,879. The company has a 50 day simple moving average of $13.95 and a 200 day simple moving average of $13.27. The stock has a market capitalization of $1.49 billion, a P/E ratio of 11.97 and a beta of 0.87. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.49 and a current ratio of 1.49. Hercules Capital has a twelve month low of $10.57 and a twelve month high of $14.53.

The business also recently announced a quarterly dividend, which was paid on Monday, November 18th. Investors of record on Monday, November 11th were issued a $0.03 dividend. The ex-dividend date was Thursday, November 7th. This represents a $0.12 annualized dividend and a yield of 0.84%. Hercules Capital’s dividend payout ratio (DPR) is presently 107.56%.

Hercules Capital Company Profile

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

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