Brokerages predict that Hercules Capital Inc (NYSE:HTGC) will post $0.31 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Six analysts have made estimates for Hercules Capital’s earnings. The lowest EPS estimate is $0.29 and the highest is $0.32. Hercules Capital posted earnings of $0.29 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 6.9%. The company is scheduled to issue its next quarterly earnings report on Thursday, February 28th.

According to Zacks, analysts expect that Hercules Capital will report full-year earnings of $1.21 per share for the current fiscal year, with EPS estimates ranging from $1.18 to $1.25. For the next fiscal year, analysts forecast that the company will post earnings of $1.31 per share, with EPS estimates ranging from $1.19 to $1.40. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research firms that follow Hercules Capital.

Hercules Capital (NYSE:HTGC) last posted its earnings results on Thursday, November 1st. The financial services provider reported $0.31 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.31. Hercules Capital had a return on equity of 11.60% and a net margin of 55.71%. The firm had revenue of $52.60 million for the quarter, compared to analyst estimates of $54.37 million. During the same quarter in the prior year, the company earned $0.29 EPS. Hercules Capital’s revenue was up 14.7% on a year-over-year basis.

HTGC has been the topic of a number of recent research reports. Zacks Investment Research raised Hercules Capital from a “hold” rating to a “buy” rating and set a $15.00 target price on the stock in a research note on Wednesday, October 3rd. Compass Point set a $14.00 target price on Hercules Capital and gave the company a “buy” rating in a research note on Friday, August 3rd. B. Riley set a $15.00 target price on Hercules Capital and gave the company a “buy” rating in a research note on Friday, November 2nd. ValuEngine raised Hercules Capital from a “sell” rating to a “hold” rating in a research note on Tuesday, October 16th. Finally, JMP Securities increased their price target on Hercules Capital from $14.00 to $14.50 and gave the stock a “market outperform” rating in a research note on Thursday, August 16th. Two analysts have rated the stock with a sell rating and seven have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $14.50.

HTGC stock traded up $0.07 on Friday, reaching $12.41. The company had a trading volume of 483,969 shares, compared to its average volume of 539,949. Hercules Capital has a 1 year low of $11.55 and a 1 year high of $13.84. The company has a debt-to-equity ratio of 0.71, a quick ratio of 2.86 and a current ratio of 2.86. The firm has a market cap of $1.23 billion, a P/E ratio of 10.70, a PEG ratio of 10.39 and a beta of 0.87.

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 19th. Shareholders of record on Monday, November 12th will be paid a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 9.99%. The ex-dividend date of this dividend is Thursday, November 8th. Hercules Capital’s dividend payout ratio is presently 106.90%.

Several institutional investors have recently modified their holdings of the business. Polaris Capital Management LLC lifted its stake in shares of Hercules Capital by 2.3% during the 3rd quarter. Polaris Capital Management LLC now owns 193,015 shares of the financial services provider’s stock worth $2,540,000 after purchasing an additional 4,357 shares during the period. Salzhauer Michael increased its holdings in shares of Hercules Capital by 25.0% during the 2nd quarter. Salzhauer Michael now owns 25,000 shares of the financial services provider’s stock worth $316,000 after buying an additional 5,000 shares during the last quarter. Northern Trust Corp increased its holdings in shares of Hercules Capital by 12.3% during the 1st quarter. Northern Trust Corp now owns 46,275 shares of the financial services provider’s stock worth $560,000 after buying an additional 5,057 shares during the last quarter. Raymond James & Associates increased its holdings in shares of Hercules Capital by 2.3% during the 2nd quarter. Raymond James & Associates now owns 321,896 shares of the financial services provider’s stock worth $4,072,000 after buying an additional 7,198 shares during the last quarter. Finally, Sapphire Star Partners LP increased its holdings in shares of Hercules Capital by 9.2% during the 2nd quarter. Sapphire Star Partners LP now owns 89,225 shares of the financial services provider’s stock worth $1,129,000 after buying an additional 7,531 shares during the last quarter. 37.22% of the stock is currently owned by institutional investors.

Hercules Capital Company Profile

Hercules Capital, Inc, formerly known as Hercules Technology Growth Capital, Inc, is a business development company 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.

Featured Article: How to invest in a bear market

Get a free copy of the Zacks research report on Hercules Capital (HTGC)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Hercules Capital (NYSE:HTGC)

Receive News & Ratings for Hercules Capital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hercules Capital and related companies with MarketBeat.com's FREE daily email newsletter.