Hercules Capital, Inc. Forecasted to Earn Q2 2024 Earnings of $0.51 Per Share (NYSE:HTGC)

Hercules Capital, Inc. (NYSE:HTGC) – Analysts at Zacks Research upped their Q2 2024 earnings per share (EPS) estimates for shares of Hercules Capital in a note issued to investors on Thursday, May 23rd. Zacks Research analyst R. Department now anticipates that the financial services provider will earn $0.51 per share for the quarter, up from their previous estimate of $0.50. The consensus estimate for Hercules Capital’s current full-year earnings is $2.06 per share. Zacks Research also issued estimates for Hercules Capital’s Q3 2024 earnings at $0.51 EPS, Q3 2025 earnings at $0.52 EPS, Q4 2025 earnings at $0.53 EPS, FY2025 earnings at $2.07 EPS and Q1 2026 earnings at $0.53 EPS.

Hercules Capital (NYSE:HTGC) last released its quarterly earnings results on Thursday, May 2nd. The financial services provider reported $0.50 earnings per share for the quarter, topping analysts’ consensus estimates of $0.48 by $0.02. The business had revenue of $121.55 million during the quarter, compared to analysts’ expectations of $121.86 million. Hercules Capital had a return on equity of 18.35% and a net margin of 69.98%. The company’s revenue was up 15.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.47 EPS.

Other analysts also recently issued reports about the company. Keefe, Bruyette & Woods raised their price objective on Hercules Capital from $18.00 to $19.00 and gave the stock a “market perform” rating in a research report on Friday, May 3rd. Wells Fargo & Company raised their price objective on Hercules Capital from $19.50 to $20.00 and gave the stock an “overweight” rating in a research report on Friday, May 3rd. Piper Sandler raised their price objective on Hercules Capital from $21.00 to $21.50 and gave the stock an “overweight” rating in a research report on Friday, May 3rd. Finally, JMP Securities raised their target price on Hercules Capital from $19.00 to $20.00 and gave the company a “market outperform” rating in a report on Friday, May 3rd. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $18.56.

Hercules Capital Stock Down 1.3 %

Shares of NYSE:HTGC opened at $19.05 on Friday. The business has a 50-day moving average price of $18.76 and a 200 day moving average price of $17.54. The company has a current ratio of 2.47, a quick ratio of 2.47 and a debt-to-equity ratio of 0.93. The company has a market capitalization of $3.09 billion, a price-to-earnings ratio of 8.66 and a beta of 1.32. Hercules Capital has a 12-month low of $13.49 and a 12-month high of $20.01.

Hedge Funds Weigh In On Hercules Capital

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Signaturefd LLC boosted its stake in shares of Hercules Capital by 30.4% in the 4th quarter. Signaturefd LLC now owns 3,382 shares of the financial services provider’s stock valued at $56,000 after buying an additional 789 shares during the period. Hexagon Capital Partners LLC lifted its stake in Hercules Capital by 28.9% during the first quarter. Hexagon Capital Partners LLC now owns 3,599 shares of the financial services provider’s stock worth $66,000 after purchasing an additional 806 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its stake in Hercules Capital by 2.9% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 28,722 shares of the financial services provider’s stock worth $472,000 after purchasing an additional 816 shares during the last quarter. PFG Investments LLC lifted its stake in Hercules Capital by 7.4% during the third quarter. PFG Investments LLC now owns 15,760 shares of the financial services provider’s stock worth $259,000 after purchasing an additional 1,091 shares during the last quarter. Finally, Mount Yale Investment Advisors LLC lifted its stake in Hercules Capital by 0.8% during the first quarter. Mount Yale Investment Advisors LLC now owns 140,090 shares of the financial services provider’s stock worth $2,585,000 after purchasing an additional 1,107 shares during the last quarter. Hedge funds and other institutional investors own 19.69% of the company’s stock.

Hercules Capital Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 21st. Stockholders of record on Tuesday, May 14th were paid a $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 10.08%. The ex-dividend date was Monday, May 13th. Hercules Capital’s payout ratio is presently 72.73%.

About Hercules Capital

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.