Hercules Capital Inc (HTGC) Expected to Earn FY2019 Earnings of $1.28 Per Share

Hercules Capital Inc (NYSE:HTGC) – Research analysts at Wedbush issued their FY2019 EPS estimates for shares of Hercules Capital in a report issued on Wednesday. Wedbush analyst H. Coffey forecasts that the financial services provider will post earnings of $1.28 per share for the year. Wedbush has a “Neutral” rating and a $13.25 price target on the stock.

A number of other analysts have also recently weighed in on the stock. ValuEngine upgraded shares of Hercules Capital from a “hold” rating to a “buy” rating in a report on Friday, December 1st. Raymond James Financial upgraded shares of Hercules Capital from an “underperform” rating to a “market perform” rating in a report on Friday, November 3rd. Ladenburg Thalmann Financial Services initiated coverage on shares of Hercules Capital in a report on Monday, November 20th. They issued a “buy” rating and a $14.50 price target on the stock. Keefe, Bruyette & Woods restated a “buy” rating and issued a $15.00 price target on shares of Hercules Capital in a report on Tuesday, October 24th. Finally, BidaskClub cut shares of Hercules Capital from a “buy” rating to a “hold” rating in a report on Thursday, October 5th. Six equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $14.30.

Hercules Capital (NYSE HTGC) traded down $0.03 during trading hours on Friday, hitting $13.00. 250,681 shares of the stock were exchanged, compared to its average volume of 353,367. Hercules Capital has a twelve month low of $11.64 and a twelve month high of $15.68. The company has a market cap of $1,100.00, a PE ratio of 14.29, a P/E/G ratio of 2.03 and a beta of 0.87. The company has a quick ratio of 8.34, a current ratio of 8.34 and a debt-to-equity ratio of 0.87.

Hercules Capital (NYSE:HTGC) last posted its earnings results on Thursday, November 2nd. The financial services provider reported $0.29 EPS for the quarter, meeting analysts’ consensus estimates of $0.29. Hercules Capital had a net margin of 39.73% and a return on equity of 12.93%. The business had revenue of $45.90 million for the quarter, compared to the consensus estimate of $46.22 million. During the same quarter last year, the firm posted $0.32 EPS. The company’s revenue for the quarter was up 1.8% on a year-over-year basis.

A number of hedge funds have recently added to or reduced their stakes in HTGC. JPMorgan Chase & Co. boosted its stake in Hercules Capital by 74.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 9,104 shares of the financial services provider’s stock worth $116,000 after purchasing an additional 3,891 shares in the last quarter. The Manufacturers Life Insurance Company boosted its stake in Hercules Capital by 29.8% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 8,858 shares of the financial services provider’s stock worth $117,000 after purchasing an additional 2,034 shares in the last quarter. First National Bank of Mount Dora Trust Investment Services acquired a new stake in Hercules Capital in the 4th quarter worth approximately $131,000. Cetera Investment Advisers acquired a new stake in Hercules Capital in the 2nd quarter worth approximately $138,000. Finally, Financial Counselors Inc. acquired a new stake in Hercules Capital in the 2nd quarter worth approximately $154,000. Institutional investors own 38.79% of the company’s stock.

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Hercules Capital Company Profile

Hercules Capital, Inc is a specialty finance company. The Company is an internally managed, non-diversified, closed-end investment company. The Company focuses on providing senior secured venture growth loans to venture capital-backed companies in a range of technology, life sciences, and sustainable and renewable technology industries.

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

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