Wall Street brokerages forecast that Gain Capital Holdings Inc (NYSE:GCAP) will post $80.42 million in sales for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for Gain Capital’s earnings. The lowest sales estimate is $77.10 million and the highest is $85.61 million. Gain Capital posted sales of $79.90 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 0.7%. The firm is scheduled to report its next quarterly earnings results on Thursday, February 27th.
According to Zacks, analysts expect that Gain Capital will report full-year sales of $263.18 million for the current year, with estimates ranging from $257.80 million to $270.69 million. For the next financial year, analysts forecast that the firm will post sales of $332.82 million, with estimates ranging from $313.93 million to $350.40 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that cover Gain Capital.
Gain Capital (NYSE:GCAP) last announced its earnings results on Thursday, October 24th. The financial services provider reported ($0.07) earnings per share for the quarter, missing the consensus estimate of ($0.03) by ($0.04). Gain Capital had a negative return on equity of 11.64% and a negative net margin of 12.32%. The business had revenue of $66.70 million for the quarter, compared to analyst estimates of $68.11 million. During the same quarter last year, the company posted $0.31 EPS. Gain Capital’s quarterly revenue was down 30.2% on a year-over-year basis.
Several equities research analysts have recently weighed in on the stock. Zacks Investment Research downgraded shares of Gain Capital from a “hold” rating to a “sell” rating in a research note on Friday. ValuEngine upgraded shares of Gain Capital from a “hold” rating to a “buy” rating in a research note on Thursday, September 5th. JPMorgan Chase & Co. upgraded shares of Gain Capital from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $5.50 to $6.00 in a research note on Thursday, August 15th. Sandler O’Neill set a $5.00 target price on shares of Gain Capital and gave the stock a “buy” rating in a research note on Tuesday, September 10th. Finally, B. Riley set a $7.00 price objective on shares of Gain Capital and gave the company a “buy” rating in a research report on Friday, October 11th. One research analyst has rated the stock with a sell rating and four have given a buy rating to the company’s stock. Gain Capital has a consensus rating of “Buy” and a consensus target price of $5.75.
Shares of GCAP traded down $0.19 during mid-day trading on Wednesday, hitting $4.28. 109,167 shares of the company’s stock were exchanged, compared to its average volume of 225,071. Gain Capital has a fifty-two week low of $3.75 and a fifty-two week high of $7.89. The firm has a market capitalization of $170.90 million, a P/E ratio of 6.39 and a beta of 0.68. The business’s 50 day moving average is $5.00 and its two-hundred day moving average is $4.64. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.51.
Hedge funds have recently added to or reduced their stakes in the business. Menta Capital LLC purchased a new stake in shares of Gain Capital during the 2nd quarter valued at $65,000. Jane Street Group LLC acquired a new position in shares of Gain Capital during the 2nd quarter valued at $103,000. Walleye Trading Advisors LLC acquired a new position in shares of Gain Capital during the 2nd quarter valued at $120,000. Paloma Partners Management Co acquired a new position in shares of Gain Capital during the 2nd quarter valued at $168,000. Finally, AlphaOne Investment Services LLC lifted its holdings in shares of Gain Capital by 551.7% during the 2nd quarter. AlphaOne Investment Services LLC now owns 46,121 shares of the financial services provider’s stock valued at $191,000 after acquiring an additional 39,044 shares in the last quarter. 53.11% of the stock is owned by hedge funds and other institutional investors.
About Gain Capital
GAIN Capital Holdings, Inc, together with its subsidiary, provides trading services and solutions to retail, institutional, and futures service customers worldwide. The company operates in two segments, Retail and Futures. It specializes in over-the-counter (OTC) and exchange-traded markets. The company offers access to a range of financial products, including spot foreign exchange (forex) and precious metals trading; and spread bets and contracts for differences on currencies, commodities, indices, individual equities, bonds, options, and interest rate products, as well as OTC options on forex.
Featured Story: Earnings Reports
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Gain Capital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gain Capital and related companies with MarketBeat.com's FREE daily email newsletter.