Hamilton Lane (HLNE) Set to Announce Quarterly Earnings on Wednesday

Hamilton Lane (NASDAQ:HLNE) is set to release its earnings data before the market opens on Wednesday, November 6th. Analysts expect Hamilton Lane to post earnings of $1.06 per share for the quarter. Investors interested in listening to the company’s conference call can do so using this link.

Hamilton Lane (NASDAQ:HLNE) last announced its quarterly earnings results on Tuesday, August 6th. The company reported $1.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.10 by $0.41. Hamilton Lane had a net margin of 26.99% and a return on equity of 34.36%. The business had revenue of $196.73 million during the quarter, compared to the consensus estimate of $149.84 million. During the same quarter last year, the firm posted $0.94 EPS. 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 Stock Up 0.1 %

Shares of NASDAQ HLNE opened at $182.82 on Wednesday. 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 firm has a 50-day moving average price of $163.75 and a 200 day moving average price of $138.85. Hamilton Lane has a 52 week low of $81.29 and a 52 week high of $183.21. The stock has a market capitalization of $9.87 billion, a price-to-earnings ratio of 49.54 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. Stockholders of record on Monday, September 16th were given a dividend of $0.49 per share. The ex-dividend date of this dividend was Monday, September 16th. This represents a $1.96 dividend on an annualized basis and a dividend yield of 1.07%. Hamilton Lane’s payout ratio is 53.12%.

Wall Street Analyst Weigh In

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

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.