$0.34 EPS Expected for Hercules Capital Inc (NYSE:HTGC) This Quarter

Equities analysts expect Hercules Capital Inc (NYSE:HTGC) to post earnings per share (EPS) of $0.34 for the current quarter, according to Zacks. Four analysts have provided estimates for Hercules Capital’s earnings, with estimates ranging from $0.33 to $0.35. Hercules Capital reported earnings per share of $0.31 in the same quarter last year, which suggests a positive year over year growth rate of 9.7%. The company is scheduled to issue its next earnings report after the market closes on Wednesday, October 30th.

According to Zacks, analysts expect that Hercules Capital will report full year earnings of $1.36 per share for the current year, with EPS estimates ranging from $1.34 to $1.37. For the next fiscal year, analysts anticipate that the firm will post earnings of $1.42 per share, with EPS estimates ranging from $1.40 to $1.46. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Hercules Capital.

Hercules Capital (NYSE:HTGC) last posted its quarterly earnings data on Thursday, August 1st. The financial services provider reported $0.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.33 by $0.03. The company had revenue of $69.26 million for the quarter, compared to analyst estimates of $63.07 million. Hercules Capital had a net margin of 53.97% and a return on equity of 12.25%. The business’s quarterly revenue was up 39.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.29 earnings per share.

A number of analysts have recently issued reports on the stock. TheStreet upgraded shares of Hercules Capital from a “c+” rating to a “b” rating in a research note on Monday, September 16th. ValuEngine lowered shares of Hercules Capital from a “hold” rating to a “sell” rating in a research note on Thursday, August 1st. Finally, Compass Point set a $13.00 price objective on shares of Hercules Capital and gave the company a “hold” rating in a research note on Tuesday, July 2nd. One investment analyst has rated the stock with a sell rating and six have assigned a hold rating to the company. Hercules Capital currently has a consensus rating of “Hold” and an average price target of $13.38.

Shares of HTGC traded up $0.02 during mid-day trading on Friday, reaching $13.65. 301,400 shares of the stock traded hands, compared to its average volume of 607,710. The firm has a market cap of $1.42 billion, a price-to-earnings ratio of 11.47 and a beta of 0.87. The stock has a fifty day simple moving average of $13.32 and a 200 day simple moving average of $13.06. Hercules Capital has a 12-month low of $10.57 and a 12-month high of $14.17. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 0.98.

Several large investors have recently modified their holdings of HTGC. Centaurus Financial Inc. boosted its holdings in Hercules Capital by 8,201.7% in the second quarter. Centaurus Financial Inc. now owns 837,974 shares of the financial services provider’s stock worth $10,743,000 after purchasing an additional 827,880 shares during the period. Sound Income Strategies LLC boosted its holdings in Hercules Capital by 33.5% in the second quarter. Sound Income Strategies LLC now owns 1,673,486 shares of the financial services provider’s stock worth $21,454,000 after purchasing an additional 419,987 shares during the period. Virtus ETF Advisers LLC acquired a new position in Hercules Capital in the second quarter worth $3,368,000. Bank of Montreal Can boosted its holdings in Hercules Capital by 65.7% in the second quarter. Bank of Montreal Can now owns 503,271 shares of the financial services provider’s stock worth $6,451,000 after purchasing an additional 199,600 shares during the period. Finally, Putnam Investments LLC acquired a new position in Hercules Capital in the second quarter worth $2,126,000. Institutional investors and hedge funds own 33.91% of the company’s stock.

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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