Hamilton Lane (HLNE) to Release Earnings on Tuesday

Hamilton Lane (NASDAQ:HLNE - Get Free Report) is expected to be releasing its earnings data before the market opens on Tuesday, February 4th. Analysts expect Hamilton Lane to post earnings of $1.13 per share and revenue of $158,860.00 billion for the quarter. Persons that wish to register for the company's earnings conference call can do so using this link.

Hamilton Lane (NASDAQ:HLNE - Get Free Report) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $1.07 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.06 by $0.01. Hamilton Lane had a net margin of 28.03% and a return on equity of 35.59%. The company had revenue of $150.00 million during the quarter, compared to analysts' expectations of $151.55 million. During the same quarter in the prior year, the company posted $0.89 EPS. The business's revenue was up 18.2% on a year-over-year basis. On average, analysts expect Hamilton Lane to post $5 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Hamilton Lane Price Performance

Shares of Hamilton Lane stock traded down $0.79 during trading on Tuesday, hitting $157.85. 133,498 shares of the company's stock traded hands, compared to its average volume of 381,651. Hamilton Lane has a twelve month low of $103.42 and a twelve month high of $203.72. The company has a market cap of $8.75 billion, a PE ratio of 34.23 and a beta of 1.24. The firm's fifty day moving average price is $165.16 and its 200 day moving average price is $161.93. The company has a debt-to-equity ratio of 0.24, a current ratio of 3.37 and a quick ratio of 3.37.

Hamilton Lane Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, January 7th. Stockholders of record on Monday, December 16th were issued a $0.49 dividend. This represents a $1.96 annualized dividend and a dividend yield of 1.24%. The ex-dividend date was Monday, December 16th. Hamilton Lane's payout ratio is 42.52%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on HLNE. Keefe, Bruyette & Woods reduced their price objective on Hamilton Lane from $167.00 to $158.00 and set a "market perform" rating on the stock in a research note on Monday, January 13th. JPMorgan Chase & Co. increased their price objective on shares of Hamilton Lane from $134.00 to $175.00 and gave the stock a "neutral" rating in a report on Thursday, November 7th. Morgan Stanley boosted their target price on shares of Hamilton Lane from $182.00 to $190.00 and gave the stock an "equal weight" rating in a research note on Monday, November 11th. UBS Group lifted their target price on Hamilton Lane from $150.00 to $185.00 and gave the company a "neutral" rating in a research note on Tuesday, October 22nd. Finally, Oppenheimer upgraded Hamilton Lane from a "market perform" rating to an "outperform" rating and set a $186.00 target price for the company in a research report on Tuesday, January 21st. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, Hamilton Lane has a consensus rating of "Hold" and an average target price of $170.86.

About Hamilton Lane

Hamilton Lane Incorporated is a private equity firm specializing in early venture, emerging growth, turnaround, middle market, mature, mid-venture, bridge, buyout, distressed/vulture, loan, mezzanine in growth capital companies. It prefers to invest in energy, industrials, consumer discretionary, health care, real estate, information technology, utilities, and consumer services.