Hercules Capital Inc (HTGC) Expected to Post Quarterly Sales of $58.82 Million

Brokerages expect Hercules Capital Inc (NYSE:HTGC) to post $58.82 million in sales for the current quarter, according to Zacks. Five analysts have provided estimates for Hercules Capital’s earnings. The highest sales estimate is $61.45 million and the lowest is $54.41 million. Hercules Capital posted sales of $48.70 million in the same quarter last year, which suggests a positive year over year growth rate of 20.8%. The firm is scheduled to report its next earnings results after the market closes on Thursday, May 2nd.

According to Zacks, analysts expect that Hercules Capital will report full year sales of $252.07 million for the current year, with estimates ranging from $231.00 million to $262.59 million. For the next year, analysts anticipate that the business will report sales of $273.27 million, with estimates ranging from $234.00 million to $292.92 million. Zacks’ sales averages are a mean average based on a survey of analysts that cover Hercules Capital.

Hercules Capital (NYSE:HTGC) last announced its quarterly earnings results on Thursday, February 21st. The financial services provider reported $0.32 earnings per share for the quarter, topping analysts’ consensus estimates of $0.31 by $0.01. The firm had revenue of $56.89 million during the quarter, compared to analysts’ expectations of $54.87 million. Hercules Capital had a net margin of 36.82% and a return on equity of 11.90%. The firm’s revenue was up 13.3% on a year-over-year basis. During the same period in the prior year, the company earned $0.29 EPS.

A number of equities analysts have weighed in on the stock. Wedbush reissued an “outperform” rating on shares of Hercules Capital in a research report on Friday, February 22nd. B. Riley downgraded shares of Hercules Capital from a “buy” rating to a “neutral” rating and cut their price target for the company from $15.00 to $11.50 in a report on Wednesday, March 13th. Keefe, Bruyette & Woods downgraded shares of Hercules Capital from an “outperform” rating to a “market perform” rating and cut their price target for the company from $14.00 to $11.50 in a report on Wednesday, March 13th. ValuEngine upgraded shares of Hercules Capital from a “sell” rating to a “hold” rating in a research note on Tuesday, December 25th. Finally, Zacks Investment Research lowered shares of Hercules Capital from a “buy” rating to a “hold” rating in a research note on Tuesday, January 15th. Six equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Hercules Capital currently has a consensus rating of “Hold” and a consensus price target of $13.14.

A number of large investors have recently bought and sold shares of HTGC. Cordasco Financial Network purchased a new stake in Hercules Capital during the 1st quarter worth $31,000. Covington Capital Management purchased a new stake in Hercules Capital in the 4th quarter worth approximately $39,000. EJF Capital LLC purchased a new stake in Hercules Capital in the 4th quarter worth approximately $111,000. Sigma Planning Corp purchased a new stake in Hercules Capital in the 4th quarter worth approximately $127,000. Finally, First Republic Investment Management Inc. purchased a new stake in Hercules Capital in the 3rd quarter worth approximately $157,000. Institutional investors and hedge funds own 36.44% of the company’s stock.

NYSE:HTGC opened at $12.63 on Monday. The company has a debt-to-equity ratio of 0.95, a current ratio of 2.42 and a quick ratio of 2.42. The stock has a market capitalization of $1.22 billion, a price-to-earnings ratio of 10.61, a PEG ratio of 9.50 and a beta of 1.03. Hercules Capital has a 1-year low of $10.57 and a 1-year high of $14.17.

About Hercules Capital

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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