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Hercules Capital (HTGC)
NYSE:HTGC
Earnings Data
Report Date
May 01, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.47Last Year’s EPS
0.5Same Quarter Last Year
Strong Buy
Based on 5 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 13, 2025
|% Change Since: 3.14%
|Next Earnings Date:May 01, 2025
Earnings Call Sentiment|Positive
The earnings call for Hercules Capital, Inc. reflected strong financial performance and growth, highlighted by record investment income and solid liquidity. However, concerns such as realized losses and a decline in core yield suggest challenges in maintaining yield levels. The overall sentiment is positive, with significant achievements outweighing the noted challenges.Company Guidance
During the Hercules Capital, Inc. Q4 and full year 2024 earnings call, several key metrics were highlighted, underscoring the company's robust performance. Hercules achieved record total gross fundings of $1.81 billion, a 13% increase year-over-year, and record total investment income of $493.6 million, marking a staggering 717.1% rise from the previous year. The company also reported record net investment income of $325.8 million, up by 7.2% year-over-year. Hercules Capital's annual Return on Average Equity (ROAE) was 17.2%, and Return on Average Assets (ROAA) was 7.3%. The total platform Assets Under Management (AUM) grew by more than 14% to approximately $4.8 billion, and the net debt portfolio expanded by $457 million. The balance sheet maintained a conservative leverage of 89.6%, with over $1.1 billion in liquidity across the platform. Hercules reaffirmed its investment-grade ratings from four agencies and continued its trend of delivering supplemental distributions to shareholders for the fifth consecutive year. The company is poised to capitalize on a favorable business landscape in 2025, with plans to leverage its strong liquidity and manage its balance sheet defensively.Record-Breaking Financial Performance
Hercules Capital, Inc. achieved record total investment income of $493.6 million, a 717.1% increase year over year, and record net investment income of $325.8 million, a 7.2% increase year over year.
Significant Platform Growth
The total platform AUM increased by more than 14% year over year to approximately $4.8 billion.
Strong Liquidity Position
The company ended Q4 with strong liquidity of $658.8 million in the BDC and over $1.1 billion of liquidity across the platform.
Continued Supplemental Distributions
Declared a new supplemental distribution of $0.28 for 2025, distributed equally over the next four quarters, marking the fifth consecutive year of supplemental distributions.
Venture Capital Ecosystem Growth
Venture capital investment activity increased 29% from 2023, with $209 billion in investment activity for 2024.
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HTGC Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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HTGC Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 13, 2025 | $21.05 | $21.27 | +1.05% |
| Oct 30, 2024 | $19.42 | $19.28 | -0.72% |
| Aug 01, 2024 | $20.26 | $17.88 | -11.75% |
| May 02, 2024 | $17.90 | $18.02 | +0.67% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Hercules Capital (HTGC) report earnings?
Hercules Capital (HTGC) is schdueled to report earning on May 01, 2025, TBA Not Confirmed.
What is Hercules Capital (HTGC) earnings time?
Hercules Capital (HTGC) earnings time is at May 01, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is HTGC EPS forecast?
HTGC EPS forecast for the fiscal quarter 2025 (Q1) is 0.47.
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