Brokerages Expect Hercules Capital Inc (HTGC) to Announce $0.31 EPS

Equities analysts expect Hercules Capital Inc (NYSE:HTGC) to announce $0.31 earnings per share for the current quarter, according to Zacks. Six analysts have made estimates for Hercules Capital’s earnings, with the highest EPS estimate coming in at $0.31 and the lowest estimate coming in at $0.29. Hercules Capital reported earnings per share of $0.29 in the same quarter last year, which indicates a positive year over year growth rate of 6.9%. The business is scheduled to announce its next quarterly earnings results after the market closes on Thursday, February 21st.

According to Zacks, analysts expect that Hercules Capital will report full-year earnings of $1.18 per share for the current financial year, with EPS estimates ranging from $1.18 to $1.19. For the next fiscal year, analysts expect that the company will report earnings of $1.32 per share, with EPS estimates ranging from $1.19 to $1.40. Zacks’ EPS calculations are a mean average based on a survey of research firms that cover Hercules Capital.

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Several research firms have issued reports on HTGC. ValuEngine raised shares of Hercules Capital from a “sell” rating to a “hold” rating in a research report on Tuesday, December 25th. Zacks Investment Research lowered shares of Hercules Capital from a “buy” rating to a “hold” rating in a research report on Tuesday, January 15th. B. Riley set a $15.00 price target on shares of Hercules Capital and gave the stock a “buy” rating in a research report on Friday, November 2nd. Finally, Wells Fargo & Co dropped their price target on shares of Hercules Capital from $14.25 to $14.00 and set an “outperform” rating on the stock in a research report on Monday, November 5th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $14.25.

NYSE HTGC traded up $0.05 on Monday, hitting $12.94. 491,063 shares of the stock were exchanged, compared to its average volume of 462,952. The company has a current ratio of 2.86, a quick ratio of 2.86 and a debt-to-equity ratio of 0.71. Hercules Capital has a 52 week low of $10.57 and a 52 week high of $13.70. The firm has a market capitalization of $1.25 billion, a P/E ratio of 11.16, a price-to-earnings-growth ratio of 9.83 and a beta of 1.00.

A number of hedge funds and other institutional investors have recently bought and sold shares of HTGC. Covington Capital Management bought a new position in shares of Hercules Capital in the fourth quarter valued at about $39,000. EJF Capital LLC bought a new position in shares of Hercules Capital in the fourth quarter valued at about $111,000. Sigma Planning Corp bought a new position in shares of Hercules Capital in the fourth quarter valued at about $127,000. First Republic Investment Management Inc. bought a new position in shares of Hercules Capital in the third quarter valued at about $157,000. Finally, First Allied Advisory Services Inc. raised its position in shares of Hercules Capital by 16.2% in the fourth quarter. First Allied Advisory Services Inc. now owns 15,747 shares of the financial services provider’s stock valued at $174,000 after purchasing an additional 2,199 shares during the period. 37.32% of the stock is currently owned by hedge funds and other institutional investors.

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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