Hamilton Lane (HLNE) Set to Announce Earnings on Wednesday

Hamilton Lane (NASDAQ:HLNE - Get Free Report) is set to issue its quarterly earnings data before the market opens on Wednesday, November 6th. Analysts expect the company to announce earnings of $1.06 per share for the quarter. Individual that are interested in participating in the company's earnings conference call can do so using this link.

Hamilton Lane (NASDAQ:HLNE - Get Free Report) last announced its quarterly earnings results on Tuesday, August 6th. The company reported $1.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.10 by $0.41. Hamilton Lane had a net margin of 26.99% and a return on equity of 34.36%. The company had revenue of $196.73 million for the quarter, compared to the consensus estimate of $149.84 million. During the same quarter in the prior year, the firm earned $0.94 earnings per share. 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 HLNE traded up $0.08 during mid-day trading on Wednesday, reaching $182.90. 90,266 shares of the company's stock were exchanged, compared to its average volume of 311,432. Hamilton Lane has a 52-week low of $83.04 and a 52-week high of $185.10. The company has a quick ratio of 2.72, a current ratio of 2.72 and a debt-to-equity ratio of 0.27. The company has a 50-day simple moving average of $163.75 and a two-hundred day simple moving average of $138.85. The company has a market cap of $9.88 billion, a price-to-earnings ratio of 49.57 and a beta of 1.19.

Hamilton Lane Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, October 4th. Shareholders of record on Monday, September 16th were given a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a yield of 1.07%. The ex-dividend date of this dividend was Monday, September 16th. Hamilton Lane's payout ratio is 53.12%.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. UBS Group increased their price objective on Hamilton Lane from $150.00 to $185.00 and gave the company a "neutral" rating in a research note on Tuesday, October 22nd. Wells Fargo & Company raised their price target on shares of Hamilton Lane from $156.00 to $170.00 and gave the stock an "equal weight" rating in a research note on Wednesday, October 9th. Morgan Stanley boosted their price objective on shares of Hamilton Lane from $140.00 to $182.00 and gave the company an "equal weight" rating in a research report on Thursday, October 10th. JPMorgan Chase & Co. lifted their target price on shares of Hamilton Lane from $120.00 to $134.00 and gave the stock a "neutral" rating in a research note on Wednesday, August 7th. Finally, Keefe, Bruyette & Woods increased their target price on Hamilton Lane from $135.00 to $145.00 and gave the stock a "market perform" rating in a research report on Wednesday, August 7th. Seven investment analysts have rated the stock with a hold rating, According to data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $160.50.

Hamilton Lane Company Profile

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.