Hercules Capital (NYSE:HTGC) Releases Earnings Results, Beats Estimates By $0.02 EPS

Hercules Capital (NYSE:HTGC) announced its earnings results on Thursday. The financial services provider reported $0.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.02, Briefing.com reports. Hercules Capital had a return on equity of 18.91% and a net margin of 69.98%. The business had revenue of $121.55 million for the quarter, compared to analyst estimates of $121.86 million. During the same quarter last year, the firm earned $0.47 EPS. Hercules Capital’s revenue for the quarter was up 15.7% compared to the same quarter last year.

Hercules Capital Stock Performance

Shares of HTGC traded up $0.13 during mid-day trading on Friday, reaching $19.43. The company’s stock had a trading volume of 1,369,561 shares, compared to its average volume of 744,423. The company has a current ratio of 2.75, a quick ratio of 2.75 and a debt-to-equity ratio of 0.86. The stock has a market cap of $3.15 billion, a P/E ratio of 8.83 and a beta of 1.32. Hercules Capital has a 1-year low of $12.40 and a 1-year high of $19.70. The business has a 50-day simple moving average of $18.41 and a two-hundred day simple moving average of $17.17.

Hercules Capital Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 21st. Shareholders of record on Tuesday, May 14th will be paid a $0.48 dividend. The ex-dividend date of this dividend is Monday, May 13th. This represents a $1.92 annualized dividend and a yield of 9.88%. Hercules Capital’s dividend payout ratio is 72.73%.

Analyst Ratings Changes

HTGC has been the topic of a number of research reports. Piper Sandler boosted their price objective on shares of Hercules Capital from $21.00 to $21.50 and gave the stock an “overweight” rating in a research report on Friday. Compass Point cut shares of Hercules Capital from a “buy” rating to a “neutral” rating and boosted their price target for the stock from $17.00 to $17.50 in a research report on Tuesday, January 16th. Keefe, Bruyette & Woods raised their price objective on Hercules Capital from $18.00 to $19.00 and gave the company a “market perform” rating in a report on Friday. JMP Securities upped their target price on Hercules Capital from $19.00 to $20.00 and gave the stock a “market outperform” rating in a report on Friday. Finally, Wells Fargo & Company increased their price target on Hercules Capital from $19.50 to $20.00 and gave the company an “overweight” rating in a research report on Friday. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $18.56.

Hercules Capital Company Profile

Hercules Capital, Inc is a business development company. The firm specializing in providing venture debt, debt, senior secured loans, and growth capital to privately held venture capital-backed companies at all stages of development from startups to expansion stage including select publicly listed companies and select special opportunity lower middle market companies that require additional capital to fund acquisitions, recapitalizations and refinancing and established-stage companies.