Zacks: Analysts Expect Hamilton Lane Inc. (HLNE) to Post $0.25 EPS
Wall Street brokerages expect Hamilton Lane Inc. (NASDAQ:HLNE) to announce earnings of $0.25 per share for the current quarter, according to Zacks. Two analysts have made estimates for Hamilton Lane’s earnings, with the lowest EPS estimate coming in at $0.24 and the highest estimate coming in at $0.25. The business is scheduled to issue its next earnings report on Monday, January 1st.
According to Zacks, analysts expect that Hamilton Lane will report full-year earnings of $1.07 per share for the current financial year, with EPS estimates ranging from $1.05 to $1.10. For the next year, analysts expect that the business will post earnings of $1.24 per share, with EPS estimates ranging from $1.20 to $1.28. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research firms that that provide coverage for Hamilton Lane.
Hamilton Lane (NASDAQ:HLNE) last issued its earnings results on Tuesday, August 8th. The company reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.07. The company had revenue of $52.70 million during the quarter, compared to analyst estimates of $50.69 million. During the same quarter in the previous year, the company posted $0.30 EPS. The company’s quarterly revenue was up 33.2% on a year-over-year basis.
A number of analysts have recently weighed in on the stock. Zacks Investment Research downgraded shares of Hamilton Lane from a “buy” rating to a “hold” rating in a research report on Tuesday, September 12th. Morgan Stanley reissued an “overweight” rating and set a $23.00 price target (down previously from $24.00) on shares of Hamilton Lane in a research report on Monday, July 10th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $22.20.
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A number of institutional investors have recently added to or reduced their stakes in the business. Nationwide Fund Advisors boosted its holdings in Hamilton Lane by 84.5% in the second quarter. Nationwide Fund Advisors now owns 8,099 shares of the company’s stock worth $178,000 after purchasing an additional 3,710 shares during the period. Henderson Group PLC acquired a new position in Hamilton Lane in the first quarter worth $117,000. Wells Fargo & Company MN acquired a new position in Hamilton Lane in the first quarter worth $131,000. SG Americas Securities LLC acquired a new position in Hamilton Lane in the first quarter worth $194,000. Finally, Royce & Associates LP boosted its holdings in Hamilton Lane by 7.1% in the second quarter. Royce & Associates LP now owns 161,716 shares of the company’s stock worth $3,556,000 after purchasing an additional 10,788 shares during the period. 66.67% of the stock is owned by hedge funds and other institutional investors.
Shares of Hamilton Lane (HLNE) traded down 0.08% on Monday, hitting $26.16. 30,368 shares of the stock traded hands. The firm’s 50-day moving average is $23.46 and its 200 day moving average is $23.46. The firm has a market cap of $503.97 million and a P/E ratio of 83.05. Hamilton Lane has a 12-month low of $17.74 and a 12-month high of $26.36.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 2nd. Shareholders of record on Friday, September 15th will be issued a $0.175 dividend. This represents a $0.70 dividend on an annualized basis and a yield of 2.66%. The ex-dividend date of this dividend is Thursday, September 14th.
Hamilton Lane Company Profile
Hamilton Lane Incorporated is a global private markets investment solutions provider. The Company works with its clients to conceive, structure, build out, manage and monitor portfolios of private markets funds and direct investments, and it helps them access a set of such investment opportunities around the world.
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