Hamilton Lane (HLNE) Projected to Post Earnings on Tuesday

Hamilton Lane (NASDAQ:HLNE) is expected to post its quarterly earnings results before the market opens on Tuesday, February 4th. Analysts expect Hamilton Lane to post earnings of $1.13 per share and revenue of $158.86 million for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.

Hamilton Lane (NASDAQ:HLNE) last released its quarterly earnings results on Wednesday, November 6th. The company reported $1.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.06 by $0.01. The company had revenue of $150.00 million during the quarter, compared to the consensus estimate of $151.55 million. Hamilton Lane had a net margin of 28.03% and a return on equity of 35.59%. Hamilton Lane’s revenue was up 18.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.89 earnings per share. 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 Stock Performance

Hamilton Lane stock opened at $159.18 on Friday. Hamilton Lane has a fifty-two week low of $103.42 and a fifty-two week high of $203.72. The stock’s 50 day simple moving average is $162.12 and its two-hundred day simple moving average is $162.33. The company has a debt-to-equity ratio of 0.24, a quick ratio of 3.37 and a current ratio of 3.37. The stock has a market cap of $8.82 billion, a price-to-earnings ratio of 34.53 and a beta of 1.24.

Hamilton Lane Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, January 7th. Investors of record on Monday, December 16th were given a dividend of $0.49 per share. The ex-dividend date was Monday, December 16th. This represents a $1.96 annualized dividend and a dividend yield of 1.23%. Hamilton Lane’s dividend payout ratio is presently 42.52%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on HLNE shares. UBS Group lifted their price target on shares of Hamilton Lane from $150.00 to $185.00 and gave the company a “neutral” rating in a research report on Tuesday, October 22nd. Morgan Stanley lifted their target price on shares of Hamilton Lane from $182.00 to $190.00 and gave the company an “equal weight” rating in a report on Monday, November 11th. Wells Fargo & Company cut their price target on Hamilton Lane from $194.00 to $163.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 14th. JPMorgan Chase & Co. lifted their price objective on Hamilton Lane from $134.00 to $175.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th. Finally, The Goldman Sachs Group cut Hamilton Lane from a “neutral” rating to a “sell” rating and set a $139.00 target price on the stock. in a research note on Monday, January 6th. One analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $170.86.

About Hamilton Lane

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.