Hercules Capital (HTGC) reported $125.25 million in revenue for the quarter ended September 2024, representing a year-over-year increase of 7.3%. EPS of $0.51 for the same period compares to $0.52 a year ago. The reported revenue represents a surprise of -0.44% over the Zacks Consensus Estimate of $125.8 million. With the consensus EPS estimate being $0.51, the company has not delivered EPS surprise. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how ...

Hercules Capital (HTGC) came out with quarterly earnings of $0.51 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.52 per share a year ago. These figures are adjusted for non-recurring items. A quarter ago, it was expected that this specialty finance company would post earnings of $0.51 per share when it actually produced earnings of $0.51, delivering no surprise. Over the last four quarters, the company has surpassed consensus EPS estimates two times. Hercules Capital, ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 _________________________________________________ Large accelerated filer x Accelerated filer o Non-accelerated filer o Smaller reporting company o Emerging growth company o FORM 10-Q _________________________________________________ (Mark One) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For The Quarterly Period Ended September 30, 2024 OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF ...

In its upcoming report, Hercules Capital (HTGC) is predicted by Wall Street analysts to post quarterly earnings of $0.51 per share, reflecting a decline of 1.9% compared to the same period last year. Revenues are forecasted to be $125.8 million, representing a year-over-year increase of 7.8%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe. Pr ...

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Company Performance - Hercules Capital (HTGC) closed at $20.11, reflecting a -0.3% change from the previous day, underperforming the S&P 500 which gained 0.71% [1] - Over the past month, shares of Hercules Capital increased by 8.56%, outperforming the Finance sector's decline of 4% and the S&P 500's rise of 6.41% [1] Upcoming Earnings - The upcoming earnings release is anticipated, with projected earnings per share (EPS) of $0.51, indicating a 1.92% decrease from the same quarter last year [2] - Revenue is estimated at $125.8 million, reflecting a 7.76% increase from the equivalent quarter last year [2] Full Year Estimates - For the full year, analysts expect earnings of $2.03 per share and revenue of $501.31 million, representing changes of -2.4% and +8.82% respectively from the previous year [3] Analyst Projections - Recent shifts in analyst projections for Hercules Capital should be monitored, as positive revisions indicate optimism regarding the company's business and profitability [4] Stock Performance and Zacks Rank - Estimate alterations are linked to stock price performance, and the Zacks Rank system, which ranges from 1 (Strong Buy) to 5 (Strong Sell), can be utilized for investment decisions [5][6] - Hercules Capital currently holds a Zacks Rank of 4 (Sell), with the consensus EPS projection remaining stagnant over the past 30 days [6] Valuation Metrics - Hercules Capital has a Forward P/E ratio of 9.94, which is a premium compared to the industry's average Forward P/E of 8.02 [7] - The Financial - SBIC & Commercial Industry, part of the Finance sector, has a Zacks Industry Rank of 230, placing it in the bottom 9% of over 250 industries [7] Industry Performance - The strength of individual industry groups is measured by the Zacks Industry Rank, with top-rated industries outperforming the bottom half by a factor of 2 to 1 [8]

Core Viewpoint - Hercules Capital, Inc. (HTGC) is positioned for growth due to increasing demand for customized financing, although elevated expenses may impact profits [1][2]. Growth Drivers - There is a rising demand for customized financing from private equity firms and venture capitalists, contributing to growth in new commitments and total investment income [2]. - Over the past five years, total investment income has experienced a compound annual growth rate (CAGR) of 17.3%, with expectations of an 8.2% increase in 2024, 5.4% in 2025, and 0.6% in 2026 [3]. - As of June 30, 2024, HTGC had $482 million in liquidity, including $27.7 million in unrestricted cash and $454.3 million in credit facilities, indicating a strong balance sheet [3][4]. Credit Performance - HTGC has shown impressive credit performance, closing $2.6 billion, $3.1 billion, and $2.2 billion in new debt and equity commitments in 2021, 2022, and 2023, respectively [5]. - From the end of Q2 2024 to July 29, HTGC closed new gross debt and equity commitments worth $28.1 million [5]. Dividend Policy - To maintain its RIC status, HTGC distributes approximately 90% of its taxable income and has increased its quarterly distribution by 2.6% in August 2023, following previous hikes [6]. - Management plans to review its dividend policy at the end of each quarter, suggesting a commitment to enhancing shareholder value through capital distribution [7]. Operating Expenses - Total gross operating expenses have seen a CAGR of 10.8% over the last five years, with projections of an 11.7% increase in 2024 and 12% in 2025, primarily due to rising compensation and interest costs [8]. - The company's efforts to expand originations may lead to elevated costs in the near term, potentially impacting profitability [8]. Regulatory Constraints - HTGC primarily invests in U.S.-based companies, and regulatory constraints may increase funding costs and limit access to capital markets, affecting overall financial performance [9]. Price Performance - Over the past six months, HTGC shares have gained 5.6%, outperforming the industry average of 1% [10].

Hercules Capital (HTGC) closed the latest trading day at $19.57, indicating a +0.57% change from the previous session's end. The stock's performance was behind the S&P 500's daily gain of 1.7%. Meanwhile, the Dow experienced a rise of 1.26%, and the technology-dominated Nasdaq saw an increase of 2.51%. Shares of the specialty finance company have appreciated by 6.4% over the course of the past month, outperforming the Finance sector's gain of 2.47% and the S&P 500's gain of 1.27%. The investment community w ...

The latest trading session saw Hercules Capital (HTGC) ending at $19.38, denoting a +1.73% adjustment from its last day's close. The stock exceeded the S&P 500, which registered a gain of 0.54% for the day. Meanwhile, the Dow gained 0.72%, and the Nasdaq, a tech-heavy index, added 0.65%. Heading into today, shares of the specialty finance company had gained 2.42% over the past month, lagging the Finance sector's gain of 4.89% and the S&P 500's gain of 4.86% in that time. The investment community will be clo ...

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