Hamilton Lane (HLNE) to Release Earnings on Wednesday

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

Hamilton Lane (NASDAQ:HLNE) last announced its 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. The firm had revenue of $196.73 million during the quarter, compared to analysts’ expectations of $149.84 million. Hamilton Lane had a return on equity of 34.36% and a net margin of 26.99%. During the same period in the prior year, the firm earned $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 Trading Up 0.1 %

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. Hamilton Lane has a 52 week low of $81.29 and a 52 week high of $183.21. The business’s 50 day moving average is $163.75 and its two-hundred day moving average is $138.85. The firm has a market cap of $9.87 billion, a price-to-earnings ratio of 49.54 and a beta of 1.19.

Hamilton Lane Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 4th. Stockholders of record on Monday, September 16th were issued a $0.49 dividend. The ex-dividend date 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%.

Analyst Ratings Changes

A number of brokerages recently weighed in on HLNE. Keefe, Bruyette & Woods increased their price target on shares of Hamilton Lane from $135.00 to $145.00 and gave the stock a “market perform” rating in a research note on Wednesday, August 7th. Wells Fargo & Company increased their target price 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. UBS Group boosted their price target on Hamilton Lane from $150.00 to $185.00 and gave the company a “neutral” rating in a research report on Tuesday, October 22nd. JPMorgan Chase & Co. increased their price objective on Hamilton Lane from $120.00 to $134.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 7th. Finally, The Goldman Sachs Group lifted their target price on Hamilton Lane from $139.00 to $147.00 and gave the company a “neutral” rating in a research note on Thursday, October 3rd. Seven research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target 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.