Brokerages Expect GAIN Capital Holdings, Inc. (GCAP) Will Post Quarterly Sales of $90.41 Million
Equities research analysts predict that GAIN Capital Holdings, Inc. (NYSE:GCAP) will announce $90.41 million in sales for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for GAIN Capital Holdings’ earnings, with the lowest sales estimate coming in at $89.00 million and the highest estimate coming in at $91.82 million. GAIN Capital Holdings posted sales of $72.20 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 25.2%. The firm is expected to issue its next earnings results on Thursday, November 2nd.
According to Zacks, analysts expect that GAIN Capital Holdings will report full year sales of $90.41 million for the current financial year, with estimates ranging from $337.00 million to $348.55 million. For the next year, analysts anticipate that the firm will post sales of $372.37 million per share, with estimates ranging from $369.00 million to $375.73 million. Zacks’ sales calculations are a mean average based on a survey of research firms that follow GAIN Capital Holdings.
GAIN Capital Holdings (NYSE:GCAP) last announced its quarterly earnings results on Thursday, August 3rd. The financial services provider reported $0.25 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.25. GAIN Capital Holdings had a net margin of 3.21% and a return on equity of 2.85%. The business had revenue of $98.10 million during the quarter, compared to analysts’ expectations of $98.70 million. During the same period last year, the business earned $0.27 earnings per share. The business’s revenue for the quarter was down 9.2% on a year-over-year basis.
Several equities analysts have recently issued reports on GCAP shares. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $7.00 price target on shares of GAIN Capital Holdings in a research note on Friday, May 5th. TheStreet lowered GAIN Capital Holdings from a “b-” rating to a “c” rating in a research note on Thursday, May 4th. Jefferies Group LLC lifted their price target on GAIN Capital Holdings from $9.00 to $10.00 and gave the company a “buy” rating in a research note on Monday, May 8th. Zacks Investment Research lowered GAIN Capital Holdings from a “hold” rating to a “strong sell” rating in a research note on Tuesday, May 9th. Finally, BidaskClub lowered GAIN Capital Holdings from a “buy” rating to a “hold” rating in a research note on Tuesday, August 22nd. One analyst has rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the company. GAIN Capital Holdings currently has a consensus rating of “Hold” and a consensus price target of $7.58.
Shares of GAIN Capital Holdings (NYSE:GCAP) traded up 0.16% during midday trading on Friday, hitting $6.39. 65,682 shares of the company’s stock were exchanged. The firm has a market cap of $301.87 million, a PE ratio of 28.03 and a beta of 0.29. GAIN Capital Holdings has a one year low of $4.54 and a one year high of $8.75. The stock’s 50-day moving average price is $6.63 and its 200 day moving average price is $6.97.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 19th. Investors of record on Tuesday, September 12th will be given a dividend of $0.06 per share. The ex-dividend date of this dividend is Monday, September 11th. This represents a $0.24 dividend on an annualized basis and a yield of 3.76%. GAIN Capital Holdings’s dividend payout ratio is currently 104.35%.
GAIN Capital Holdings announced that its Board of Directors has authorized a share repurchase program on Wednesday, May 17th that permits the company to buyback $35.00 million in outstanding shares. This buyback authorization permits the financial services provider to reacquire up to 12.7% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s leadership believes its stock is undervalued.
In other news, major shareholder Ltd Ipgl acquired 36,675 shares of GAIN Capital Holdings stock in a transaction that occurred on Monday, August 21st. The shares were acquired at an average price of $6.25 per share, for a total transaction of $229,218.75. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Christopher Warren Calhoun sold 5,000 shares of the business’s stock in a transaction on Monday, July 17th. The stock was sold at an average price of $6.39, for a total value of $31,950.00. Following the sale, the director now owns 50,149 shares in the company, valued at approximately $320,452.11. The disclosure for this sale can be found here. Insiders have sold a total of 42,701 shares of company stock worth $286,203 in the last 90 days. 5.60% of the stock is currently owned by corporate insiders.
A number of large investors have recently modified their holdings of the company. Alliancebernstein L.P. raised its stake in shares of GAIN Capital Holdings by 1.2% in the first quarter. Alliancebernstein L.P. now owns 25,100 shares of the financial services provider’s stock worth $209,000 after buying an additional 300 shares in the last quarter. American International Group Inc. raised its stake in shares of GAIN Capital Holdings by 7.0% in the first quarter. American International Group Inc. now owns 22,956 shares of the financial services provider’s stock worth $191,000 after buying an additional 1,511 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. raised its stake in shares of GAIN Capital Holdings by 18.5% in the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 24,592 shares of the financial services provider’s stock worth $205,000 after buying an additional 3,832 shares in the last quarter. Martingale Asset Management L P purchased a new stake in shares of GAIN Capital Holdings during the first quarter worth $126,000. Finally, Oxford Asset Management purchased a new stake in shares of GAIN Capital Holdings during the first quarter worth $824,000. Institutional investors and hedge funds own 53.55% of the company’s stock.
GAIN Capital Holdings 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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