Equities Analysts Set Expectations for HTGC FY2025 Earnings

Hercules Capital, Inc. (NYSE:HTGC) – Research analysts at Zacks Research lifted their FY2025 earnings estimates for Hercules Capital in a note issued to investors on Thursday, April 10th. Zacks Research analyst R. Department now expects that the financial services provider will post earnings per share of $1.96 for the year, up from their previous estimate of $1.95. The consensus estimate for Hercules Capital’s current full-year earnings is $1.96 per share. Zacks Research also issued estimates for Hercules Capital’s FY2026 earnings at $2.04 EPS and FY2027 earnings at $2.21 EPS.

Hercules Capital (NYSE:HTGC) last released its quarterly earnings data on Thursday, February 13th. The financial services provider reported $0.49 EPS for the quarter, meeting the consensus estimate of $0.49. Hercules Capital had a net margin of 53.28% and a return on equity of 17.19%. The business had revenue of $121.78 million during the quarter, compared to the consensus estimate of $124.09 million.

A number of other research analysts also recently commented on HTGC. Compass Point increased their target price on Hercules Capital from $18.25 to $20.00 and gave the company a “neutral” rating in a research report on Wednesday, February 19th. JMP Securities reaffirmed a “market outperform” rating and set a $22.00 price target on shares of Hercules Capital in a research note on Friday, February 14th. Piper Sandler dropped their price objective on shares of Hercules Capital from $23.00 to $20.00 and set an “overweight” rating for the company in a research note on Tuesday. Finally, Keefe, Bruyette & Woods decreased their target price on shares of Hercules Capital from $21.50 to $20.50 and set an “outperform” rating on the stock in a research report on Tuesday. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $20.70.

Hercules Capital Price Performance

Shares of Hercules Capital stock opened at $16.83 on Friday. The firm has a market cap of $2.91 billion, a PE ratio of 10.45 and a beta of 1.13. The stock has a 50 day moving average of $19.51 and a 200 day moving average of $19.68. The company has a current ratio of 2.72, a quick ratio of 2.72 and a debt-to-equity ratio of 0.89. Hercules Capital has a 12 month low of $15.65 and a 12 month high of $22.04.

Institutional Investors Weigh In On Hercules Capital

Several institutional investors have recently made changes to their positions in the company. Left Brain Wealth Management LLC raised its position in Hercules Capital by 32.2% in the 4th quarter. Left Brain Wealth Management LLC now owns 275,876 shares of the financial services provider’s stock worth $5,542,000 after purchasing an additional 67,215 shares during the period. Franklin Resources Inc. raised its holdings in shares of Hercules Capital by 28.0% in the third quarter. Franklin Resources Inc. now owns 387,225 shares of the financial services provider’s stock worth $7,667,000 after buying an additional 84,780 shares during the period. Tectonic Advisors LLC lifted its stake in shares of Hercules Capital by 14.0% during the 4th quarter. Tectonic Advisors LLC now owns 493,808 shares of the financial services provider’s stock worth $9,921,000 after acquiring an additional 60,776 shares during the last quarter. Magnetar Financial LLC bought a new stake in shares of Hercules Capital during the 4th quarter worth approximately $324,000. Finally, Sanctuary Advisors LLC boosted its holdings in Hercules Capital by 56.5% during the 3rd quarter. Sanctuary Advisors LLC now owns 18,818 shares of the financial services provider’s stock valued at $353,000 after acquiring an additional 6,792 shares during the period. Institutional investors own 19.69% of the company’s stock.

Hercules Capital Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 5th. Shareholders of record on Wednesday, February 26th were given a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a yield of 11.17%. The ex-dividend date was Wednesday, February 26th. Hercules Capital’s dividend payout ratio (DPR) is 99.38%.

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.