Zacks: Analysts Anticipate Gain Capital Holdings Inc (GCAP) Will Announce Quarterly Sales of $90.99 Million
Wall Street brokerages predict that Gain Capital Holdings Inc (NYSE:GCAP) will report $90.99 million in sales for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Gain Capital’s earnings. The lowest sales estimate is $90.00 million and the highest is $91.97 million. Gain Capital posted sales of $115.80 million in the same quarter last year, which would indicate a negative year-over-year growth rate of 21.4%. The business is scheduled to report its next earnings report on Thursday, March 8th.
According to Zacks, analysts expect that Gain Capital will report full year sales of $90.99 million for the current fiscal year, with estimates ranging from $328.00 million to $330.97 million. For the next fiscal year, analysts anticipate that the business will report sales of $370.61 million per share, with estimates ranging from $366.21 million to $375.00 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that follow Gain Capital.
Gain Capital (NYSE:GCAP) last posted its quarterly earnings results on Thursday, October 26th. The financial services provider reported $0.05 EPS for the quarter, beating the consensus estimate of ($0.01) by $0.06. The business had revenue of $81.30 million during the quarter, compared to analysts’ expectations of $79.86 million. Gain Capital had a return on equity of 5.62% and a net margin of 3.72%. The company’s quarterly revenue was up 12.6% compared to the same quarter last year. During the same period last year, the firm earned ($0.11) EPS.
Several research firms have recently commented on GCAP. TheStreet raised Gain Capital from a “c” rating to a “b-” rating in a report on Monday, August 7th. BidaskClub cut Gain Capital from a “buy” rating to a “hold” rating in a report on Tuesday, August 22nd. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $7.00 price target on shares of Gain Capital in a report on Friday, October 6th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $8.50 price objective (down from $9.00) on shares of Gain Capital in a research note on Friday, August 4th. Finally, Zacks Investment Research downgraded Gain Capital from a “hold” rating to a “sell” rating in a research note on Tuesday, October 10th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $7.58.
Shares of Gain Capital (NYSE:GCAP) opened at $7.76 on Tuesday. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.45. The company has a market capitalization of $375.50, a P/E ratio of 24.50, a PEG ratio of 10.58 and a beta of 0.28. Gain Capital has a 1-year low of $5.56 and a 1-year high of $8.95.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 21st. Investors of record on Monday, December 11th will be paid a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 3.09%. The ex-dividend date of this dividend is Friday, December 8th. Gain Capital’s payout ratio is currently 80.00%.
In related news, major shareholder Ltd Ipgl purchased 71,306 shares of the company’s stock in a transaction on Thursday, September 7th. The stock was bought at an average price of $6.20 per share, with a total value of $442,097.20. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Christopher Warren Calhoun sold 5,000 shares of the firm’s stock in a transaction on Friday, October 27th. The stock was sold at an average price of $7.00, for a total value of $35,000.00. Following the transaction, the director now directly owns 23,278 shares of the company’s stock, valued at approximately $162,946. The disclosure for this sale can be found here. Company insiders own 5.60% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in GCAP. Los Angeles Capital Management & Equity Research Inc. purchased a new stake in shares of Gain Capital in the third quarter valued at $104,000. Trexquant Investment LP purchased a new stake in shares of Gain Capital in the third quarter valued at $109,000. Principal Financial Group Inc. purchased a new stake in shares of Gain Capital in the second quarter valued at $119,000. American International Group Inc. grew its position in shares of Gain Capital by 7.0% in the first quarter. American International Group Inc. now owns 22,956 shares of the financial services provider’s stock valued at $191,000 after purchasing an additional 1,511 shares during the period. Finally, Martingale Asset Management L P grew its position in shares of Gain Capital by 52.2% in the second quarter. Martingale Asset Management L P now owns 23,020 shares of the financial services provider’s stock valued at $144,000 after purchasing an additional 7,900 shares during the period. 55.92% of the stock is owned by institutional investors.
Gain Capital Company Profile
GAIN Capital Holdings, Inc (GAIN) is a provider of trading services and solutions, specializing in over-the-counter (OTC) and exchange-traded markets. The Company’s segments include Retail segment, Institutional segment and Futures segment. Through its retail segment, the Company provides its retail customers across the world with access to a range of global financial markets, including spot forex, precious metals, spread bets and contracts for difference (CFDs) on commodities, indices, individual equities and interest rate products, as well OTC options on forex.
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