Analysts predict that Gain Capital Holdings Inc (NYSE:GCAP) will report sales of $73.26 million for the current fiscal quarter, Zacks reports. Three analysts have made estimates for Gain Capital’s earnings, with the lowest sales estimate coming in at $69.62 million and the highest estimate coming in at $77.10 million. Gain Capital reported sales of $79.90 million in the same quarter last year, which indicates a negative year over year growth rate of 8.3%. The company is expected to announce its next quarterly earnings report on Thursday, February 27th.
On average, analysts expect that Gain Capital will report full-year sales of $253.86 million for the current year, with estimates ranging from $250.12 million to $257.80 million. For the next financial year, analysts expect that the firm will report sales of $318.91 million, with estimates ranging from $295.06 million to $350.40 million. Zacks’ sales calculations are an average based on a survey of analysts that cover Gain Capital.
Gain Capital (NYSE:GCAP) last released its quarterly earnings results on Thursday, October 24th. The financial services provider reported ($0.07) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.04). Gain Capital had a negative net margin of 12.32% and a negative return on equity of 11.89%. The business had revenue of $66.70 million during the quarter, compared to analysts’ expectations of $68.11 million. During the same quarter last year, the company earned $0.31 EPS. The firm’s revenue for the quarter was down 30.2% compared to the same quarter last year.
GCAP has been the subject of a number of analyst reports. B. Riley set a $7.00 price objective on shares of Gain Capital and gave the stock a “buy” rating in a research report on Friday, October 11th. Zacks Investment Research downgraded shares of Gain Capital from a “hold” rating to a “sell” rating in a research report on Friday, October 25th. Sandler O’Neill set a $5.00 price objective on shares of Gain Capital and gave the stock a “buy” rating in a research report on Tuesday, September 10th. ValuEngine upgraded shares of Gain Capital from a “hold” rating to a “buy” rating in a research report on Thursday, September 5th. Finally, JPMorgan Chase & Co. upgraded shares of Gain Capital from a “neutral” rating to an “overweight” rating and upped their price objective for the stock from $5.50 to $6.00 in a research report on Thursday, August 15th. One research analyst has rated the stock with a sell rating and four have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $5.75.
Gain Capital stock traded up $0.05 during trading hours on Friday, reaching $4.22. 2,009 shares of the stock were exchanged, compared to its average volume of 212,775. The stock has a market cap of $152.71 million, a P/E ratio of 6.27 and a beta of 0.55. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.29 and a current ratio of 1.29. Gain Capital has a 52-week low of $3.75 and a 52-week high of $7.58. The firm’s 50 day moving average is $4.22 and its 200 day moving average is $4.44.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 17th. Investors of record on Tuesday, December 10th will be paid a $0.06 dividend. The ex-dividend date of this dividend is Monday, December 9th. This represents a $0.24 dividend on an annualized basis and a yield of 5.69%. Gain Capital’s payout ratio is 35.82%.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Tower Research Capital LLC TRC acquired a new stake in Gain Capital in the 3rd quarter valued at about $25,000. Menta Capital LLC acquired a new stake in Gain Capital in the 2nd quarter valued at about $65,000. Jane Street Group LLC acquired a new stake in Gain Capital in the 2nd quarter valued at about $103,000. Walleye Trading Advisors LLC acquired a new stake in Gain Capital in the 2nd quarter valued at about $120,000. Finally, Paloma Partners Management Co acquired a new stake in Gain Capital in the 2nd quarter valued at about $168,000. 51.53% of the stock is currently owned by hedge funds and other institutional investors.
Gain Capital Company Profile
GAIN Capital Holdings, Inc, together with its subsidiary, provides trading services and solutions to retail, institutional, and futures service customers worldwide. The company operates in two segments, Retail and Futures. It specializes in over-the-counter (OTC) and exchange-traded markets. The company offers access to a range of financial products, including spot foreign exchange (forex) and precious metals trading; and spread bets and contracts for differences on currencies, commodities, indices, individual equities, bonds, options, and interest rate products, as well as OTC options on forex.
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