Brokerages Expect Hamilton Lane Inc (NASDAQ:HLNE) to Announce $0.34 EPS
Brokerages expect Hamilton Lane Inc (NASDAQ:HLNE) to announce $0.34 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Hamilton Lane’s earnings, with estimates ranging from $0.30 to $0.42. Hamilton Lane posted earnings of $0.25 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 36%. The firm is scheduled to issue its next quarterly earnings results on Monday, January 1st.
On average, analysts expect that Hamilton Lane will report full-year earnings of $1.40 per share for the current fiscal year, with EPS estimates ranging from $1.36 to $1.46. For the next year, analysts expect that the firm will post earnings of $1.75 per share, with EPS estimates ranging from $1.68 to $1.88. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research analysts that cover Hamilton Lane.
Hamilton Lane (NASDAQ:HLNE) last released its quarterly earnings data on Tuesday, February 6th. The company reported $0.46 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.29 by $0.17. Hamilton Lane had a net margin of 2.09% and a return on equity of 70.74%. The firm had revenue of $65.01 million for the quarter, compared to the consensus estimate of $51.39 million. The firm’s quarterly revenue was up 53.6% on a year-over-year basis.
Hamilton Lane (HLNE) traded up $0.98 during trading hours on Monday, hitting $36.99. 238,748 shares of the company’s stock traded hands, compared to its average volume of 309,078. Hamilton Lane has a 12-month low of $17.32 and a 12-month high of $40.43. The firm has a market capitalization of $1,748.90 and a P/E ratio of 154.13. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.31 and a current ratio of 1.31.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 5th. Stockholders of record on Thursday, March 15th will be given a $0.175 dividend. The ex-dividend date is Wednesday, March 14th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 1.89%. Hamilton Lane’s payout ratio is presently 291.67%.
Several institutional investors have recently made changes to their positions in the company. Grandeur Peak Global Advisors LLC boosted its position in shares of Hamilton Lane by 24.0% in the fourth quarter. Grandeur Peak Global Advisors LLC now owns 305,118 shares of the company’s stock valued at $10,798,000 after acquiring an additional 59,050 shares during the period. MetLife Investment Advisors LLC bought a new stake in shares of Hamilton Lane in the fourth quarter valued at about $215,000. Jane Street Group LLC bought a new stake in shares of Hamilton Lane in the fourth quarter valued at about $225,000. Two Sigma Advisers LP boosted its position in shares of Hamilton Lane by 46.5% in the fourth quarter. Two Sigma Advisers LP now owns 27,400 shares of the company’s stock valued at $970,000 after acquiring an additional 8,700 shares during the period. Finally, Thrivent Financial For Lutherans bought a new stake in shares of Hamilton Lane in the fourth quarter valued at about $19,298,000. 29.24% of the stock is owned by institutional investors.
About Hamilton Lane
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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