Hamilton Lane (HLNE) Set to Announce Earnings on Tuesday

Hamilton Lane (NASDAQ:HLNE) is set to announce its earnings results before the market opens on Tuesday, August 6th. Analysts expect the company to announce earnings of $1.09 per share for the quarter. Persons that are interested in registering for the company’s earnings conference call can do so using this link.

Hamilton Lane (NASDAQ:HLNE) last posted its quarterly earnings results on Thursday, May 23rd. The company reported $1.38 EPS for the quarter, topping the consensus estimate of $1.00 by $0.38. Hamilton Lane had a return on equity of 31.07% and a net margin of 25.43%. The business had revenue of $176.67 million for the quarter, compared to analyst estimates of $134.72 million. 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 Down 5.1 %

Shares of HLNE opened at $133.07 on Monday. Hamilton Lane has a 12-month low of $78.66 and a 12-month high of $146.69. The firm has a market capitalization of $7.21 billion, a P/E ratio of 36.06 and a beta of 1.17. The firm has a 50-day moving average price of $128.34 and a 200 day moving average price of $119.10. The company has a current ratio of 3.02, a quick ratio of 3.02 and a debt-to-equity ratio of 0.29.

Hamilton Lane Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, July 5th. Shareholders of record on Friday, June 14th were issued a $0.49 dividend. This represents a $1.96 annualized dividend and a yield of 1.47%. This is a positive change from Hamilton Lane’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend was Friday, June 14th. Hamilton Lane’s payout ratio is presently 53.12%.

Wall Street Analyst Weigh In

Several analysts have recently commented on HLNE shares. Keefe, Bruyette & Woods lifted their price target on shares of Hamilton Lane from $118.00 to $135.00 and gave the company a “market perform” rating in a research report on Friday, May 24th. UBS Group upped their price target on Hamilton Lane from $120.00 to $122.00 and gave the company a “neutral” rating in a research note on Monday, June 24th. Finally, JPMorgan Chase & Co. increased their price target on Hamilton Lane from $115.00 to $120.00 and gave the stock a “neutral” rating in a report on Friday, May 24th. Six research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $122.80.

Hamilton Lane Company Profile

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.