Brokerages forecast that Gain Capital Holdings Inc (NYSE:GCAP) will report sales of $76.54 million for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for Gain Capital’s earnings, with the highest sales estimate coming in at $82.06 million and the lowest estimate coming in at $71.02 million. Gain Capital reported sales of $95.50 million during the same quarter last year, which indicates a negative year-over-year growth rate of 19.9%. The business is scheduled to report its next earnings results on Thursday, October 24th.

According to Zacks, analysts expect that Gain Capital will report full year sales of $274.78 million for the current financial year, with estimates ranging from $263.07 million to $286.49 million. For the next year, analysts expect that the business will report sales of $333.83 million, with estimates ranging from $319.42 million to $348.24 million. Zacks’ sales calculations are an average based on a survey of sell-side research firms that follow Gain Capital.

Gain Capital (NYSE:GCAP) last released its quarterly earnings data on Thursday, July 25th. The financial services provider reported $0.10 EPS for the quarter, topping the consensus estimate of ($0.06) by $0.16. The business had revenue of $75.50 million for the quarter, compared to analyst estimates of $73.33 million. Gain Capital had a negative net margin of 6.15% and a negative return on equity of 5.36%. The business’s revenue for the quarter was down 10.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.10 EPS.

GCAP has been the topic of a number of recent analyst reports. Zacks Investment Research raised Gain Capital from a “hold” rating to a “strong-buy” rating and set a $5.00 price target on the stock in a research note on Monday, August 19th. TheStreet cut Gain Capital from a “c-” rating to a “d+” rating in a report on Monday, June 10th. ValuEngine upgraded Gain Capital from a “hold” rating to a “buy” rating in a research note on Thursday, September 5th. JPMorgan Chase & Co. upgraded Gain Capital from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $5.50 to $6.00 in a research report on Thursday, August 15th. Finally, Sandler O’Neill set a $5.00 price target on Gain Capital and gave the stock a “buy” rating in a research note on Tuesday. Three equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. Gain Capital has a consensus rating of “Buy” and an average target price of $5.33.

A number of hedge funds have recently modified their holdings of GCAP. BNP Paribas Arbitrage SA raised its holdings in shares of Gain Capital by 306.7% in the 1st quarter. BNP Paribas Arbitrage SA now owns 5,670 shares of the financial services provider’s stock worth $36,000 after purchasing an additional 4,276 shares during the period. Bank of America Corp DE grew its holdings in shares of Gain Capital by 19.4% during the 4th quarter. Bank of America Corp DE now owns 31,690 shares of the financial services provider’s stock worth $195,000 after purchasing an additional 5,139 shares during the period. Northern Trust Corp increased its position in Gain Capital by 0.6% during the 2nd quarter. Northern Trust Corp now owns 968,591 shares of the financial services provider’s stock worth $4,000,000 after purchasing an additional 5,437 shares in the last quarter. Janney Montgomery Scott LLC increased its position in Gain Capital by 12.3% during the 1st quarter. Janney Montgomery Scott LLC now owns 82,414 shares of the financial services provider’s stock worth $518,000 after purchasing an additional 9,006 shares in the last quarter. Finally, Signia Capital Management LLC increased its position in Gain Capital by 2.2% during the 1st quarter. Signia Capital Management LLC now owns 427,678 shares of the financial services provider’s stock worth $2,685,000 after purchasing an additional 9,215 shares in the last quarter. 53.15% of the stock is owned by hedge funds and other institutional investors.

NYSE GCAP traded up $0.05 during mid-day trading on Friday, reaching $5.41. 220,722 shares of the stock were exchanged, compared to its average volume of 234,298. The stock has a market capitalization of $200.46 million, a PE ratio of 8.07 and a beta of 0.65. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.30 and a current ratio of 1.30. Gain Capital has a 1-year low of $3.75 and a 1-year high of $7.89. The business’s fifty day simple moving average is $4.51 and its 200 day simple moving average is $5.03.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Monday, September 23rd will be issued a $0.06 dividend. The ex-dividend date of this dividend is Friday, September 20th. This represents a $0.24 dividend on an annualized basis and a yield of 4.44%. Gain Capital’s payout ratio is 35.82%.

Gain Capital Company Profile

GAIN Capital Holdings, Inc, together with its subsidiary, provides trading services and solutions to retail, institutional, and futures service customers worldwide. The company operates in two segments, Retail and Futures. It specializes in over-the-counter (OTC) and exchange-traded markets. The company offers access to a range of financial products, including spot foreign exchange (forex) and precious metals trading; and spread bets and contracts for differences on currencies, commodities, indices, individual equities, bonds, options, and interest rate products, as well as OTC options on forex.

See Also: Hedge Funds

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Earnings History and Estimates for Gain Capital (NYSE:GCAP)

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