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.
ILLEGAL ACTIVITY WARNING: This piece of content was first published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this piece of content on another website, it was illegally copied and reposted in violation of U.S. & international trademark and copyright legislation. The correct version of this piece of content can be accessed at https://ledgergazette.com/2018/01/12/hercules-capital-inc-htgc-expected-to-earn-fy2019-earnings-of-1-28-per-share.html.
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.
Receive News & Ratings for Hercules Capital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hercules Capital and related companies with MarketBeat.com's FREE daily email newsletter.