Hercules Capital (HTGC) Set to Announce Quarterly Earnings on Thursday

Hercules Capital (NYSE:HTGC) will be issuing its quarterly earnings data after the market closes on Thursday, May 2nd. Analysts expect the company to announce earnings of $0.48 per share for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.

Hercules Capital (NYSE:HTGC) last posted its quarterly earnings results on Thursday, February 15th. The financial services provider reported $0.56 EPS for the quarter, topping analysts’ consensus estimates of $0.50 by $0.06. Hercules Capital had a return on equity of 18.60% and a net margin of 73.26%. The company had revenue of $122.60 million for the quarter, compared to analysts’ expectations of $117.48 million. During the same period in the previous year, the firm earned $0.47 EPS. The firm’s revenue was up 22.4% compared to the same quarter last year. On average, analysts expect Hercules Capital to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Hercules Capital Stock Up 0.5 %

NYSE HTGC opened at $18.95 on Thursday. The stock’s 50 day moving average is $18.31 and its 200 day moving average is $17.02. The company has a current ratio of 2.75, a quick ratio of 2.75 and a debt-to-equity ratio of 0.86. Hercules Capital has a 12 month low of $12.40 and a 12 month high of $19.03. The stock has a market cap of $3.07 billion, a PE ratio of 8.20 and a beta of 1.34.

Hercules Capital Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 6th. Investors of record on Wednesday, February 28th were issued a $0.48 dividend. The ex-dividend date was Tuesday, February 27th. This represents a $1.92 dividend on an annualized basis and a yield of 10.13%. Hercules Capital’s dividend payout ratio is presently 69.26%.

Wall Street Analyst Weigh In

HTGC has been the topic of a number of research analyst reports. JMP Securities boosted their price target on Hercules Capital from $18.00 to $19.00 and gave the stock a “market outperform” rating in a report on Tuesday, March 26th. Keefe, Bruyette & Woods boosted their price target on Hercules Capital from $17.00 to $18.00 and gave the stock a “market perform” rating in a report on Friday, February 16th. Piper Sandler lifted their price objective on Hercules Capital from $20.00 to $21.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 10th. Wells Fargo & Company lifted their price objective on Hercules Capital from $17.00 to $18.00 and gave the stock an “overweight” rating in a research note on Monday, January 29th. Finally, Compass Point downgraded Hercules Capital from a “buy” rating to a “neutral” rating and lifted their price objective for the stock from $17.00 to $17.50 in a research note on Tuesday, January 16th. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $18.00.

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.