Zacks: Analysts Anticipate Hamilton Lane Inc (NASDAQ:HLNE) to Announce $0.50 EPS

Wall Street analysts predict that Hamilton Lane Inc (NASDAQ:HLNE) will post earnings of $0.50 per share for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for Hamilton Lane’s earnings. The lowest EPS estimate is $0.49 and the highest is $0.50. Hamilton Lane posted earnings of $0.38 per share during the same quarter last year, which suggests a positive year over year growth rate of 31.6%. The business is expected to report its next quarterly earnings results on Tuesday, August 6th.

According to Zacks, analysts expect that Hamilton Lane will report full year earnings of $2.11 per share for the current financial year, with EPS estimates ranging from $2.05 to $2.21. For the next fiscal year, analysts anticipate that the company will report earnings of $2.34 per share, with EPS estimates ranging from $2.30 to $2.42. Zacks’ EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for Hamilton Lane.

Hamilton Lane (NASDAQ:HLNE) last posted its earnings results on Wednesday, May 29th. The company reported $0.36 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.36. Hamilton Lane had a return on equity of 55.70% and a net margin of 13.31%. The company had revenue of $67.00 million for the quarter, compared to analyst estimates of $67.15 million. During the same period last year, the company earned $0.58 earnings per share. The business’s revenue was down 13.7% compared to the same quarter last year.

Several equities analysts have weighed in on HLNE shares. Zacks Investment Research lowered Hamilton Lane from a “buy” rating to a “hold” rating in a report on Wednesday, April 3rd. Macquarie upgraded Hamilton Lane from a “neutral” rating to an “outperform” rating in a report on Thursday, April 11th. Morgan Stanley upgraded Hamilton Lane from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $44.00 to $56.00 in a report on Thursday, April 11th. Oppenheimer started coverage on Hamilton Lane in a report on Tuesday, June 25th. They set a “market perform” rating on the stock. They noted that the move was a valuation call. Finally, CIBC started coverage on Hamilton Lane in a report on Tuesday, June 25th. They set a “market perform” rating on the stock. Five analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $50.33.

NASDAQ HLNE traded up $0.45 during trading on Tuesday, hitting $57.88. 121,804 shares of the company traded hands, compared to its average volume of 138,799. Hamilton Lane has a 12 month low of $31.81 and a 12 month high of $58.60. The business’s fifty day simple moving average is $52.45. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.92 and a quick ratio of 1.92. The company has a market cap of $2.90 billion, a P/E ratio of 30.06, a P/E/G ratio of 1.80 and a beta of 1.02.

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 5th. Stockholders of record on Friday, June 14th will be given a $0.275 dividend. This is an increase from Hamilton Lane’s previous quarterly dividend of $0.21. This represents a $1.10 annualized dividend and a dividend yield of 1.90%. The ex-dividend date of this dividend is Thursday, June 13th. Hamilton Lane’s dividend payout ratio (DPR) is currently 57.59%.

In other news, major shareholder Michael John Kelly sold 3,792 shares of the firm’s stock in a transaction dated Wednesday, June 5th. The stock was sold at an average price of $52.79, for a total value of $200,179.68. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 53.71% of the company’s stock.

Large investors have recently modified their holdings of the company. Bank of Montreal Can grew its position in shares of Hamilton Lane by 17.4% in the fourth quarter. Bank of Montreal Can now owns 2,235 shares of the company’s stock valued at $83,000 after purchasing an additional 332 shares during the last quarter. Legal & General Group Plc grew its position in shares of Hamilton Lane by 16.1% in the fourth quarter. Legal & General Group Plc now owns 2,589 shares of the company’s stock valued at $96,000 after purchasing an additional 359 shares during the last quarter. SG Americas Securities LLC acquired a new stake in shares of Hamilton Lane in the first quarter valued at about $109,000. BNP Paribas Arbitrage SA grew its position in shares of Hamilton Lane by 1,229.3% in the first quarter. BNP Paribas Arbitrage SA now owns 3,762 shares of the company’s stock valued at $164,000 after purchasing an additional 3,479 shares during the last quarter. Finally, Great West Life Assurance Co. Can grew its position in shares of Hamilton Lane by 11.4% in the fourth quarter. Great West Life Assurance Co. Can now owns 4,838 shares of the company’s stock valued at $172,000 after purchasing an additional 495 shares during the last quarter. 45.38% of the stock is currently owned by institutional investors.

Hamilton Lane Company Profile

Hamilton Lane Incorporated is an investment firm specializing in direct and fund of fund investments. It provides following services: separate accounts (customized to each individual client and structured as single client vehicles); specialized strategies (fund-of-funds, secondaries, co-investments, taft-hartley, distribution management); advisory relationships (including due diligence, strategic portfolio planning, monitoring and reporting services); and reporting and analytics solutions.

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Earnings History and Estimates for Hamilton Lane (NASDAQ:HLNE)

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