Hercules Capital, Inc. (NYSE:HTGC) is expected to report third quarter earnings results, after market close, on Thursday 29th October 2020.
Analysts polled by Thomson Reuters anticipate third quarter income of $ 0.32 per share.
Looking ahead, the full year income are expected at $ 1.34 per share on the revenues of $ 280.85 million.
Previous Quarter Performance
Hercules Capital, Inc. communicated income for the second quarter of $ 0.32 per share, from the revenue of $ 67.97 million. The quarterly earnings decreased 11.11 percent while revenues developed 7.79 percent compared with the same quarter last year.
According to street consensus, HTGC was expected to report 2Q20 income of $ 0.33 per share from revenue of $ 69.34 million. The bottom line results missed street analysts by $ 0.01 or 3.03 percent, at the same time, top line results fell short of analysts by $ 1.37 million or 1.98 percent.
Stock Performance
Shares of Hercules Capital, Inc. traded low $ -0.21 or -1.85 percent on Wednesday, reaching $ 11.13 with volume of 762.90 thousand shares. Hercules Capital, Inc. has traded high as $ 11.29 and has cracked $ 11.03 on the downward trend
According to the previous trading day, closing price of $ 11.13, representing a 109.23 % increase from the 52 week low of $ 5.42 and a 30.85 % decrease over the 52 week high of $ 16.40.
The company has a market capital of $ 1.27 billion and is part of the Financial Services sector and Specialty Finance industry.
Recent Analyst recommendations
- On 9th October 2020, maintained by Piper Sandler at Overweight rating, with $ 13.00 target price.
- On 9th September 2020, maintained by JMP Securities at Market Outperform rating, with $ 13.00 target price.
Recent Stock Dividend Announcement
On July 29, 2020, the board of directors authorized quarterly dividend of $ 0.32 per share to holders of record as of the close of business on August 10, 2020, with payment date of August 17, 2020 and ex-dividend date on August 7, 2020.
Conference Call
Hercules Capital, Inc. will be hosting a conference call at 5:00 PM eastern time on 29th October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.htgc.com
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.
