Wall Street analysts predict that Hercules Capital Inc (NYSE:HTGC) will announce $0.31 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Five analysts have provided estimates for Hercules Capital’s earnings, with estimates ranging from $0.29 to $0.31. Hercules Capital posted earnings of $0.29 per share during the same quarter last year, which would suggest a positive year over year growth rate of 6.9%. The company is expected to announce its next earnings report on Thursday, November 1st.

According to Zacks, analysts expect that Hercules Capital will report full year earnings of $1.22 per share for the current fiscal year, with EPS estimates ranging from $1.19 to $1.25. For the next financial year, analysts anticipate that the business will post earnings of $1.33 per share, with EPS estimates ranging from $1.28 to $1.40. Zacks Investment Research’s EPS calculations are an average based on a survey of analysts that that provide coverage for Hercules Capital.

Hercules Capital (NYSE:HTGC) last issued its quarterly earnings data on Thursday, August 2nd. The financial services provider reported $0.29 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.28 by $0.01. Hercules Capital had a return on equity of 11.55% and a net margin of 56.32%. The business had revenue of $49.56 million for the quarter, compared to the consensus estimate of $48.79 million. During the same period last year, the business earned $0.33 EPS. The firm’s revenue was up 2.3% compared to the same quarter last year.

Several research analysts have commented on HTGC shares. ValuEngine downgraded Hercules Capital from a “hold” rating to a “sell” rating in a research report on Monday, October 8th. Compass Point set a $14.00 price target on Hercules Capital and gave the stock a “buy” rating in a research report on Friday, August 3rd. Zacks Investment Research raised Hercules Capital from a “hold” rating to a “buy” rating and set a $15.00 price target on the stock in a research report on Wednesday, October 3rd. JMP Securities lifted their price target on Hercules Capital from $14.00 to $14.50 and gave the stock a “market outperform” rating in a research report on Thursday, August 16th. Finally, Wedbush lifted their price target on Hercules Capital from $13.75 to $15.00 and gave the stock an “outperform” rating in a research report on Monday, August 6th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and seven have given a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $14.63.

Shares of HTGC stock traded up $0.01 during trading on Tuesday, reaching $12.79. The company had a trading volume of 316,800 shares, compared to its average volume of 425,569. The company has a debt-to-equity ratio of 0.77, a quick ratio of 3.57 and a current ratio of 3.57. The company has a market capitalization of $1.26 billion, a price-to-earnings ratio of 11.03, a PEG ratio of 10.72 and a beta of 0.87. Hercules Capital has a one year low of $11.55 and a one year high of $13.97.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Quantitative Systematic Strategies LLC bought a new stake in shares of Hercules Capital during the second quarter valued at approximately $169,000. Telemus Capital LLC bought a new stake in shares of Hercules Capital during the second quarter valued at approximately $190,000. Engineers Gate Manager LP bought a new stake in shares of Hercules Capital during the second quarter valued at approximately $201,000. Rational Advisors LLC bought a new stake in shares of Hercules Capital during the second quarter valued at approximately $211,000. Finally, Laurion Capital Management LP bought a new stake in shares of Hercules Capital during the second quarter valued at approximately $247,000. 37.57% of the stock is currently owned by institutional investors.

About Hercules Capital

Hercules Capital, Inc, formerly known as Hercules Technology Growth Capital, Inc, is a business development company 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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