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

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

Hercules Capital Stock Performance

NYSE:HTGC traded up $0.13 during mid-day trading on Friday, hitting $19.43. 1,369,561 shares of the company traded hands, compared to its average volume of 744,423. The company has a quick ratio of 2.75, a current ratio of 2.75 and a debt-to-equity ratio of 0.86. The stock’s fifty day moving average price is $18.41 and its 200-day moving average price is $17.16. The firm has a market cap of $3.15 billion, a price-to-earnings ratio of 8.83 and a beta of 1.32. Hercules Capital has a one year low of $12.40 and a one year high of $19.70.

Hercules Capital Dividend Announcement

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

Analyst Ratings Changes

Several research analysts have issued reports on the stock. Compass Point cut shares of Hercules Capital from a “buy” rating to a “neutral” rating and lifted their target price for the stock from $17.00 to $17.50 in a report on Tuesday, January 16th. 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 report on Friday. Wells Fargo & Company increased their target price on Hercules Capital from $19.50 to $20.00 and gave the company an “overweight” rating in a research note on Friday. Keefe, Bruyette & Woods boosted their price target on Hercules Capital from $18.00 to $19.00 and gave the stock a “market perform” rating in a research note on Friday. Finally, JMP Securities lifted their price objective on Hercules Capital from $19.00 to $20.00 and gave the stock a “market outperform” rating in a report on Friday. Five investment 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, Hercules Capital has an average rating of “Hold” and a consensus target price 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.