What is Zacks Research’s Forecast for HTGC Q4 Earnings?

Hercules Capital, Inc. (NYSE:HTGC) – Stock analysts at Zacks Research boosted their Q4 2025 earnings per share (EPS) estimates for Hercules Capital in a research report issued to clients and investors on Thursday, March 13th. Zacks Research analyst R. Department now forecasts that the financial services provider will earn $0.51 per share for the quarter, up from their prior forecast of $0.50. The consensus estimate for Hercules Capital’s current full-year earnings is $1.96 per share. Zacks Research also issued estimates for Hercules Capital’s Q3 2026 earnings at $0.52 EPS, Q4 2026 earnings at $0.54 EPS, FY2026 earnings at $2.03 EPS and FY2027 earnings at $2.20 EPS.

A number of other research firms also recently issued reports on HTGC. Compass Point increased their price objective on Hercules Capital from $18.25 to $20.00 and gave the stock a “neutral” rating in a report on Wednesday, February 19th. Keefe, Bruyette & Woods upgraded shares of Hercules Capital from a “market perform” rating to an “outperform” rating and upped their price target for the stock from $19.50 to $21.50 in a research note on Thursday, December 12th. Finally, JMP Securities reaffirmed a “market outperform” rating and issued a $22.00 target price on shares of Hercules Capital in a report on Friday, February 14th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $21.40.

Hercules Capital Price Performance

HTGC stock opened at $18.84 on Monday. The company has a debt-to-equity ratio of 0.89, a current ratio of 2.72 and a quick ratio of 2.72. Hercules Capital has a 1 year low of $16.95 and a 1 year high of $22.04. The firm has a 50-day moving average of $20.40 and a 200 day moving average of $19.80. The company has a market cap of $3.26 billion, a P/E ratio of 11.70 and a beta of 1.38.

Hercules Capital (NYSE:HTGC) last issued its quarterly earnings data on Thursday, February 13th. The financial services provider reported $0.49 EPS for the quarter, hitting the consensus estimate of $0.49. The business had revenue of $121.78 million during the quarter, compared to analyst estimates of $124.09 million. Hercules Capital had a net margin of 53.28% and a return on equity of 17.19%.

Hercules Capital Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 5th. Investors of record on Wednesday, February 26th were given a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a yield of 9.98%. The ex-dividend date of this dividend was Wednesday, February 26th. Hercules Capital’s dividend payout ratio (DPR) is presently 99.38%.

Hedge Funds Weigh In On Hercules Capital

Institutional investors have recently made changes to their positions in the business. Van ECK Associates Corp lifted its position in shares of Hercules Capital by 10.4% during the 4th quarter. Van ECK Associates Corp now owns 3,438,447 shares of the financial services provider’s stock valued at $69,078,000 after buying an additional 323,028 shares in the last quarter. Sound Income Strategies LLC lifted its holdings in Hercules Capital by 2.8% during the fourth quarter. Sound Income Strategies LLC now owns 2,815,214 shares of the financial services provider’s stock valued at $56,558,000 after purchasing an additional 77,869 shares in the last quarter. Two Sigma Advisers LP boosted its position in shares of Hercules Capital by 205.7% in the fourth quarter. Two Sigma Advisers LP now owns 1,406,900 shares of the financial services provider’s stock worth $28,265,000 after purchasing an additional 946,700 shares during the period. Advisors Capital Management LLC increased its stake in shares of Hercules Capital by 6.6% in the fourth quarter. Advisors Capital Management LLC now owns 1,018,210 shares of the financial services provider’s stock worth $20,456,000 after purchasing an additional 62,610 shares in the last quarter. Finally, Two Sigma Investments LP raised its position in shares of Hercules Capital by 106.7% during the 4th quarter. Two Sigma Investments LP now owns 945,849 shares of the financial services provider’s stock valued at $19,002,000 after purchasing an additional 488,172 shares during the period. Institutional investors own 19.69% of the company’s stock.

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.