Hercules Capital (HTGC) Expected to Announce Quarterly Earnings on Thursday

Hercules Capital (NYSE:HTGC) will likely be issuing its quarterly earnings data after the market closes on Thursday, February 13th. Analysts expect the company to announce earnings of $0.51 per share and revenue of $126.17 million for the quarter. Parties interested in listening to the company’s conference call can do so using this link.

Hercules Capital Trading Up 1.1 %

HTGC stock opened at $20.87 on Wednesday. The company has a market cap of $3.39 billion, a P/E ratio of 10.33 and a beta of 1.35. Hercules Capital has a twelve month low of $16.95 and a twelve month high of $21.78. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.94. The business has a fifty day moving average of $20.12 and a 200-day moving average of $19.60.

Hercules Capital Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 5th. Investors of record on Wednesday, February 26th will be paid a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a dividend yield of 9.01%. The ex-dividend date of this dividend is Wednesday, February 26th. Hercules Capital’s dividend payout ratio (DPR) is 79.21%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on HTGC. Keefe, Bruyette & Woods raised shares of Hercules Capital from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from $19.50 to $21.50 in a research note on Thursday, December 12th. JMP Securities reaffirmed a “market outperform” rating and issued a $22.00 price target on shares of Hercules Capital in a research note on Monday, January 6th. Finally, Wells Fargo & Company boosted their price objective on shares of Hercules Capital from $20.00 to $21.00 and gave the company an “overweight” rating in a report on Tuesday, October 29th.

About Hercules Capital

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.