Hercules Capital (HTGC) Expected to Announce Quarterly Earnings on Thursday

Hercules Capital (NYSE:HTGC) is anticipated to issue its quarterly earnings data after the market closes on Thursday, February 13th. Analysts expect the company to announce earnings of $0.51 per share and revenue of $126.17 million for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.

Hercules Capital Price Performance

Shares of NYSE HTGC opened at $20.87 on Wednesday. The stock has a market capitalization of $3.39 billion, a price-to-earnings ratio of 10.33 and a beta of 1.35. The business has a 50-day moving average of $20.12 and a 200-day moving average of $19.60. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.61 and a quick ratio of 1.61. Hercules Capital has a fifty-two week low of $16.95 and a fifty-two week high of $21.78.

Hercules Capital Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 5th. Shareholders of record on Wednesday, February 26th will be paid a $0.47 dividend. The ex-dividend date of this dividend is Wednesday, February 26th. This represents a $1.88 dividend on an annualized basis and a yield of 9.01%. Hercules Capital’s dividend payout ratio is 79.21%.

Analyst Ratings Changes

A number of research analysts have weighed in on the company. Wells Fargo & Company raised their price target on Hercules Capital from $20.00 to $21.00 and gave the company an “overweight” rating in a research note on Tuesday, October 29th. Keefe, Bruyette & Woods raised shares of Hercules Capital from a “market perform” rating to an “outperform” rating and raised their target price for the company from $19.50 to $21.50 in a research note on Thursday, December 12th. Finally, JMP Securities reissued a “market outperform” rating and issued a $22.00 price objective on shares of Hercules Capital in a research report on Monday, January 6th.

About Hercules Capital

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.