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Hercules Capital (DE:19H)
FRANKFURT:19H
Holding DE:19H?
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Earnings Data
Report Date
Feb 13, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
€0.48Last Year’s EPS
€0.54Same Quarter Last Year
Strong Buy
Based on 5 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 30, 2024
|% Change Since: 6.59%
|Next Earnings Date:Feb 13, 2025
Earnings Call Sentiment|Neutral
Hercules Capital's Q3 2024 earnings call highlighted strong financial performance and record investment income, supported by solid asset growth and a robust liquidity position. However, concerns about the slowdown in venture capital activity, slight NAV decline, and credit quality, along with uncertainties related to interest rates and the upcoming presidential election, were notable lowlights.Company Guidance
During the Hercules Capital Q3 2024 earnings call, the company provided guidance reflecting optimism for the remainder of the fiscal year despite a challenging macro environment. Hercules reported record total investment income of $125.2 million for the quarter, a 7.3% year-over-year increase, and year-to-date investment income of $371.8 million, a 10% rise from the previous year. The firm managed approximately $4.6 billion in assets, marking a 10.9% increase from the prior year. Despite a Q3 slowdown in venture capital markets and intentional deceleration in new originations, Hercules achieved gross fundings of $1.34 billion year-to-date and pending commitments of $630 million post-quarter. The company also maintained a strong balance sheet with conservative GAAP leverage of 94.6% and robust liquidity of $572.3 million. As the U.S. presidential election approaches and with ongoing global geopolitical challenges, Hercules remains cautious yet optimistic, focusing on asset quality and prudent underwriting to achieve another record year of gross fundings.Record Investment Income
Hercules Capital delivered record total investment income of $125.2 million, an increase of 7.3% year-over-year for Q3 2024.
Strong Year-to-Date Performance
Year-to-date, the company achieved a record total investment income of $371.8 million, a 10% increase year-over-year, and record NII of $244.7 million or $1.52 per share, up 12.2% year-over-year.
Solid Asset Growth
Hercules Capital is managing approximately $4.6 billion of assets as of the end of Q3, which is an increase of 10.9% from the previous year.
Strong Liquidity Position
The company ended Q3 with strong liquidity of $572.3 million, bolstered by the fourth SBIC license providing access to $175 million of additional capital.
Consistent Dividend Coverage
The company achieved 128% coverage of its base distribution despite conservative GAAP leverage of 94.6%.
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DE:19H 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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DE:19H Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 30, 2024 | €17.94 | €18.00 | +0.37% |
| Aug 01, 2024 | €19.10 | €16.42 | -14.01% |
| May 02, 2024 | €16.66 | €16.82 | +0.94% |
| Feb 15, 2024 | €14.99 | €15.09 | +0.64% |
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 (DE:19H) report earnings?
Hercules Capital (DE:19H) is schdueled to report earning on Feb 13, 2025, TBA Not Confirmed.
What is Hercules Capital (DE:19H) earnings time?
Hercules Capital (DE:19H) earnings time is at Feb 13, 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 the P/E ratio of Hercules Capital stock?
The P/E ratio of Hercules Capital is 10.3.
What is DE:19H EPS forecast?
DE:19H EPS forecast for the fiscal quarter 2024 (Q4) is €0.48.
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