Wall Street analysts expect that Hercules Technology Growth Capital, Inc. (NYSE:HTGC) will announce earnings of $0.28 per share for the current fiscal quarter, Zacks Investment Research reports. Six analysts have provided estimates for Hercules Technology Growth Capital’s earnings. The highest EPS estimate is $0.30 and the lowest is $0.25. Hercules Technology Growth Capital posted earnings of $0.31 per share in the same quarter last year, which suggests a negative year over year growth rate of 9.7%. The business is scheduled to announce its next earnings report on Thursday, August 2nd.
According to Zacks, analysts expect that Hercules Technology Growth Capital will report full-year earnings of $1.24 per share for the current fiscal year, with EPS estimates ranging from $1.15 to $1.31. For the next fiscal year, analysts anticipate that the firm will report earnings of $1.33 per share, with EPS estimates ranging from $1.22 to $1.45. Zacks’ earnings per share averages are a mean average based on a survey of research analysts that follow Hercules Technology Growth Capital.
Get Hercules Technology Growth Capital alerts:Hercules Technology Growth Capital (NYSE:HTGC) last released its quarterly 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. Hercules Technology Growth Capital had a net margin of 46.86% and a return on equity of 12.02%. The company had revenue of $48.70 million for the quarter, compared to analyst estimates of $49.72 million. During the same period last year, the firm earned $0.28 earnings per share. The firm’s revenue was up 5.0% on a year-over-year basis.
A number of research analysts recently weighed in on the stock. Zacks Investment Research lowered shares of Hercules Technology Growth Capital from a “buy” rating to a “hold” rating in a research report on Tuesday, May 8th. ValuEngine upgraded shares of Hercules Technology Growth Capital from a “sell” rating to a “hold” rating in a report on Tuesday, May 8th. Wedbush upgraded shares of Hercules Technology Growth Capital from a “neutral” rating to an “outperform” rating and set a $13.75 price objective for the company in a report on Wednesday, February 7th. Finally, B. Riley set a $15.00 price objective on shares of Hercules Technology Growth Capital and gave the stock a “buy” rating in a report on Friday, February 23rd. One investment analyst has rated the stock with a sell rating, three have given a hold rating and nine have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $14.52.
Shares of Hercules Technology Growth Capital traded down $0.05, reaching $12.34, during trading hours on Thursday, according to Marketbeat. 326,475 shares of the stock traded hands, compared to its average volume of 357,840. The company has a debt-to-equity ratio of 0.93, a current ratio of 7.08 and a quick ratio of 7.08. Hercules Technology Growth Capital has a 52 week low of $11.55 and a 52 week high of $13.97. The firm has a market capitalization of $1.06 billion, a P/E ratio of 10.64, a PEG ratio of 9.94 and a beta of 0.73.
The business also recently disclosed a quarterly dividend, which was paid on Monday, May 21st. Investors of record on Monday, May 14th were issued a dividend of $0.31 per share. The ex-dividend date was Friday, May 11th. This represents a $1.24 dividend on an annualized basis and a yield of 10.05%. Hercules Technology Growth Capital’s dividend payout ratio (DPR) is presently 106.90%.
Several institutional investors and hedge funds have recently bought and sold shares of the company. Royal Bank of Canada increased its stake in shares of Hercules Technology Growth Capital by 3.1% in the first quarter. Royal Bank of Canada now owns 1,897,099 shares of the financial services provider’s stock worth $22,956,000 after purchasing an additional 56,697 shares in the last quarter. Eventide Asset Management LLC purchased a new position in shares of Hercules Technology Growth Capital in the first quarter worth about $203,000. Legal & General Group Plc increased its stake in shares of Hercules Technology Growth Capital by 20.5% in the first quarter. Legal & General Group Plc now owns 313,953 shares of the financial services provider’s stock worth $3,800,000 after purchasing an additional 53,438 shares in the last quarter. Cubist Systematic Strategies LLC increased its stake in shares of Hercules Technology Growth Capital by 294.5% in the first quarter. Cubist Systematic Strategies LLC now owns 45,021 shares of the financial services provider’s stock worth $545,000 after purchasing an additional 33,609 shares in the last quarter. Finally, Jane Street Group LLC purchased a new position in shares of Hercules Technology Growth Capital in the first quarter worth about $269,000. Hedge funds and other institutional investors own 38.97% of the company’s stock.
Hercules Technology Growth 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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