Wall Street analysts expect Hamilton Lane Inc (NASDAQ:HLNE) to announce earnings per share (EPS) of $0.39 for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for Hamilton Lane’s earnings, with the lowest EPS estimate coming in at $0.34 and the highest estimate coming in at $0.48. Hamilton Lane posted earnings of $0.27 per share during the same quarter last year, which would suggest a positive year over year growth rate of 44.4%. The firm is expected to report its next earnings results on Tuesday, November 6th.
According to Zacks, analysts expect that Hamilton Lane will report full year earnings of $1.65 per share for the current fiscal year, with EPS estimates ranging from $1.51 to $1.75. For the next fiscal year, analysts expect that the business will report earnings of $2.12 per share, with EPS estimates ranging from $1.91 to $2.36. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research analysts that cover Hamilton Lane.
Hamilton Lane (NASDAQ:HLNE) last released its quarterly earnings results on Tuesday, August 7th. The company reported $0.38 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.38. The firm had revenue of $63.36 million during the quarter, compared to analyst estimates of $57.15 million. Hamilton Lane had a return on equity of 67.96% and a net margin of 8.14%.
Several research firms have recently commented on HLNE. Zacks Investment Research lowered Hamilton Lane from a “hold” rating to a “sell” rating in a research report on Thursday. ValuEngine raised Hamilton Lane from a “hold” rating to a “buy” rating in a research report on Saturday, June 2nd. Morgan Stanley upped their target price on Hamilton Lane from $39.00 to $50.00 and gave the company an “equal weight” rating in a research report on Monday, June 11th. Finally, JPMorgan Chase & Co. upped their target price on Hamilton Lane from $41.00 to $51.00 and gave the company an “overweight” rating in a research report on Monday, June 11th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the stock. Hamilton Lane currently has an average rating of “Hold” and a consensus target price of $42.75.
Hamilton Lane opened at $46.47 on Tuesday, according to MarketBeat. The firm has a market capitalization of $2.20 billion, a PE ratio of 26.63, a P/E/G ratio of 1.84 and a beta of 1.12. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.20 and a quick ratio of 2.20. Hamilton Lane has a 12 month low of $21.36 and a 12 month high of $54.59.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 4th. Investors of record on Friday, September 14th will be given a dividend of $0.2125 per share. This represents a $0.85 annualized dividend and a yield of 1.83%. The ex-dividend date is Thursday, September 13th. Hamilton Lane’s dividend payout ratio is currently 51.83%.
A number of large investors have recently made changes to their positions in HLNE. PNC Financial Services Group Inc. acquired a new position in Hamilton Lane during the 1st quarter valued at about $122,000. Meeder Asset Management Inc. purchased a new stake in Hamilton Lane during the 2nd quarter valued at about $127,000. Great West Life Assurance Co. Can purchased a new stake in Hamilton Lane during the 1st quarter valued at about $137,000. GSA Capital Partners LLP purchased a new stake in Hamilton Lane during the 2nd quarter valued at about $206,000. Finally, Citigroup Inc. grew its stake in Hamilton Lane by 425.8% during the 1st quarter. Citigroup Inc. now owns 5,626 shares of the company’s stock valued at $210,000 after purchasing an additional 4,556 shares during the last quarter. 35.19% of the stock is currently owned by institutional investors.
Hamilton Lane Company Profile
Hamilton Lane Incorporated is an investment firm specializing in direct and fund of fund investments. It provides following services: separate accounts (customized to each individual client and structured as single client vehicles); specialized strategies (fund-of-funds, secondaries, co-investments, taft-hartley, distribution management); advisory relationships (including due diligence, strategic portfolio planning, monitoring and reporting services); and reporting and analytics solutions.
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