Hamilton Lane (HLNE) Set to Announce Earnings on Wednesday

Hamilton Lane (NASDAQ:HLNEGet Free Report) is scheduled to release its earnings data before the market opens on Wednesday, November 6th. Analysts expect Hamilton Lane to post earnings of $1.06 per share for the quarter. Individual interested in listening to the company’s earnings conference call can do so using this link.

Hamilton Lane (NASDAQ:HLNEGet Free Report) last posted its earnings results on Tuesday, August 6th. The company reported $1.51 earnings per share for the quarter, topping the consensus estimate of $1.10 by $0.41. Hamilton Lane had a return on equity of 34.36% and a net margin of 26.99%. The firm had revenue of $196.73 million during the quarter, compared to analyst estimates of $149.84 million. During the same period in the previous year, the company 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 %

Shares of HLNE stock opened at $179.90 on Monday. Hamilton Lane has a 12 month low of $84.85 and a 12 month high of $185.10. The company has a market cap of $9.75 billion, a PE ratio of 41.36 and a beta of 1.18. The company has a quick ratio of 2.72, a current ratio of 2.72 and a debt-to-equity ratio of 0.27. The business’s 50 day moving average is $165.71 and its two-hundred day moving average is $140.12.

Hamilton Lane Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, October 4th. Investors of record on Monday, September 16th were paid a $0.49 dividend. The ex-dividend date of this dividend was Monday, September 16th. This represents a $1.96 dividend on an annualized basis and a yield of 1.09%. Hamilton Lane’s payout ratio is presently 45.06%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. JPMorgan Chase & Co. upped their price target on shares of Hamilton Lane from $120.00 to $134.00 and gave the company a “neutral” rating in a report on Wednesday, August 7th. UBS Group increased their target price on Hamilton Lane from $150.00 to $185.00 and gave the company a “neutral” rating in a research note on Tuesday, October 22nd. Wells Fargo & Company lifted their price target on Hamilton Lane from $156.00 to $170.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 9th. Morgan Stanley increased their price objective on Hamilton Lane from $140.00 to $182.00 and gave the company an “equal weight” rating in a research report on Thursday, October 10th. Finally, The Goldman Sachs Group boosted their target price on shares of Hamilton Lane from $139.00 to $147.00 and gave the stock a “neutral” rating in a research report on Thursday, October 3rd. Seven equities research analysts have rated the stock with a hold rating, According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $160.50.

Read Our Latest Stock Analysis on HLNE

Hamilton Lane Company Profile

(Get Free Report)

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.

Further Reading

Earnings History for Hamilton Lane (NASDAQ:HLNE)

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