Equities analysts predict that Hercules Capital Inc (NYSE:HTGC) will announce $48.35 million in sales for the current fiscal quarter, according to Zacks. Six analysts have issued estimates for Hercules Capital’s earnings. The highest sales estimate is $49.80 million and the lowest is $44.76 million. Hercules Capital reported sales of $48.45 million during the same quarter last year, which would indicate a negative year over year growth rate of 0.2%. The company is expected to issue its next earnings results on Thursday, August 2nd.
According to Zacks, analysts expect that Hercules Capital will report full-year sales of $200.86 million for the current financial year, with estimates ranging from $190.23 million to $206.85 million. For the next financial year, analysts expect that the firm will report sales of $225.84 million per share, with estimates ranging from $200.86 million to $242.93 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that cover Hercules Capital.
Hercules Capital (NYSE:HTGC) last announced its earnings results on Thursday, May 3rd. The financial services provider reported $0.31 earnings per share for the quarter, beating analysts’ consensus estimates of $0.30 by $0.01. The business had revenue of $48.70 million during the quarter, compared to analyst estimates of $49.72 million. Hercules Capital had a net margin of 46.86% and a return on equity of 12.02%. The company’s quarterly revenue was up 5.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.28 EPS.
HTGC has been the subject of a number of research reports. Zacks Investment Research upgraded shares of Hercules Capital from a “hold” rating to a “buy” rating and set a $14.00 target price for the company in a research note on Wednesday, April 25th. ValuEngine lowered Hercules Capital from a “hold” rating to a “sell” rating in a research note on Tuesday, May 22nd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and nine have issued a buy rating to the company. Hercules Capital has a consensus rating of “Buy” and an average price target of $14.52.
Shares of HTGC opened at $12.88 on Friday. The firm has a market cap of $1.21 billion, a price-to-earnings ratio of 11.05, a P/E/G ratio of 10.44 and a beta of 0.75. The company has a quick ratio of 7.08, a current ratio of 7.08 and a debt-to-equity ratio of 0.93. Hercules Capital has a 1-year low of $11.55 and a 1-year high of $13.97.
Large investors have recently bought and sold shares of the company. California Public Employees Retirement System increased its stake in shares of Hercules Capital by 9.0% in the 4th quarter. California Public Employees Retirement System now owns 49,900 shares of the financial services provider’s stock worth $655,000 after purchasing an additional 4,100 shares in the last quarter. Two Sigma Investments LP increased its stake in shares of Hercules Capital by 11.6% in the 4th quarter. Two Sigma Investments LP now owns 360,430 shares of the financial services provider’s stock worth $4,729,000 after purchasing an additional 37,354 shares in the last quarter. Wells Fargo & Company MN increased its stake in shares of Hercules Capital by 9.0% in the 4th quarter. Wells Fargo & Company MN now owns 1,505,802 shares of the financial services provider’s stock worth $19,757,000 after purchasing an additional 124,230 shares in the last quarter. Two Sigma Advisers LP increased its stake in shares of Hercules Capital by 7.1% in the 4th quarter. Two Sigma Advisers LP now owns 308,405 shares of the financial services provider’s stock worth $4,046,000 after purchasing an additional 20,409 shares in the last quarter. Finally, Greenwich Investment Management Inc. purchased a new stake in shares of Hercules Capital in the 4th quarter worth $163,000. Hedge funds and other institutional investors own 35.57% of the company’s stock.
Hercules Capital Company Profile
Hercules Capital, Inc, formerly known as Hercules Technology Growth Capital, Inc, is a business development company 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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