Home Capital Group Inc (HCG) to Post FY2019 Earnings of $2.19 Per Share, M Partners Forecasts

Home Capital Group Inc (TSE:HCG) – Analysts at M Partners issued their FY2019 earnings estimates for shares of Home Capital Group in a note issued to investors on Monday, May 6th. M Partners analyst A. Hood anticipates that the company will post earnings per share of $2.19 for the year. M Partners currently has a “Buy” rating on the stock.

Home Capital Group (TSE:HCG) last released its quarterly earnings results on Wednesday, May 8th. The company reported C$0.45 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of C$0.48 by C($0.03). The firm had revenue of C$103.82 million for the quarter, compared to analyst estimates of C$104.50 million.

HCG has been the topic of a number of other research reports. TD Securities cut their price target on shares of Home Capital Group from C$19.00 to C$18.00 in a report on Tuesday, February 5th. Raymond James downgraded shares of Home Capital Group from an “outperform” rating to a “market perform” rating and set a C$18.50 price objective on the stock. in a research report on Thursday, February 7th. BMO Capital Markets reaffirmed a “market perform” rating and set a C$18.00 price objective on shares of Home Capital Group in a research report on Monday, February 25th. CIBC boosted their price objective on shares of Home Capital Group from C$18.00 to C$19.00 in a research report on Monday, February 25th. Finally, National Bank Financial boosted their price objective on shares of Home Capital Group from C$18.50 to C$20.00 and gave the company a “sector perform” rating in a research report on Tuesday, April 30th. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of C$18.92.

HCG stock opened at C$17.82 on Wednesday. Home Capital Group has a 52-week low of C$12.48 and a 52-week high of C$19.31. The company has a market cap of $1.14 billion and a PE ratio of 10.73.

About Home Capital Group

Home Capital Group Inc, through its subsidiary, Home Trust Company, provides deposit, mortgage lending, retail credit, and credit card issuing services in Canada. It offers various deposit products, such as savings accounts; and single-family residential and insured residential lending, as well as residential and non-residential commercial mortgage lending services.

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