Hercules Capital (HTGC) Expected to Announce Earnings on Thursday

Hercules Capital (NYSE:HTGC - Get Free Report) is projected to announce its Q4 2024 earnings results after the market closes on Thursday, February 13th. Analysts expect the company to announce earnings of $0.49 per share and revenue of $126.17 million for the quarter. Investors interested in registering for the company's conference call can do so using this link.

Hercules Capital (NYSE:HTGC - Get Free Report) last issued its quarterly earnings data on Thursday, February 13th. The financial services provider reported $0.49 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.49. Hercules Capital had a return on equity of 17.88% and a net margin of 65.07%. On average, analysts expect Hercules Capital to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Hercules Capital Price Performance

HTGC traded up $0.21 during trading on Friday, reaching $21.26. 1,933,511 shares of the company were exchanged, compared to its average volume of 904,515. The company's 50-day moving average is $20.24 and its two-hundred day moving average is $19.62. The company has a market cap of $3.45 billion, a price-to-earnings ratio of 10.53 and a beta of 1.35. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.94. Hercules Capital has a 12-month low of $16.95 and a 12-month high of $21.78.

Hercules Capital Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 5th. Investors of record on Wednesday, February 26th will be issued a dividend of $0.47 per share. The ex-dividend date is Wednesday, February 26th. This represents a $1.88 dividend on an annualized basis and a yield of 8.84%. Hercules Capital's dividend payout ratio (DPR) is 99.38%.

Analysts Set New Price Targets

A number of analysts recently issued reports on HTGC shares. Wells Fargo & Company increased their price objective on Hercules Capital from $20.00 to $21.00 and gave the stock an "overweight" rating in a report on Tuesday, October 29th. JMP Securities reaffirmed a "market outperform" rating and issued a $22.00 price target on shares of Hercules Capital in a report on Friday. Finally, Keefe, Bruyette & Woods raised Hercules Capital from a "market perform" rating to an "outperform" rating and raised their price target for the company from $19.50 to $21.50 in a report on Thursday, December 12th.

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.