$0.80 Earnings Per Share Expected for Hamilton Lane Incorporated (NASDAQ:HLNE) This Quarter

Wall Street analysts expect Hamilton Lane Incorporated (NASDAQ:HLNE – Get Rating) to report earnings per share (EPS) of $0.80 for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for Hamilton Lane’s earnings, with estimates ranging from $0.77 to $0.82. Hamilton Lane posted earnings per share of $0.84 in the same quarter last year, which indicates a negative year-over-year growth rate of 4.8%. The company is expected to issue its next earnings report on Monday, January 1st.

On average, analysts expect that Hamilton Lane will report full year earnings of $3.26 per share for the current financial year, with EPS estimates ranging from $3.01 to $3.49. For the next fiscal year, analysts anticipate that the business will report earnings of $4.00 per share, with EPS estimates ranging from $3.99 to $4.00. Zacks’ earnings per share averages are a mean average based on a survey of research analysts that follow Hamilton Lane.

Hamilton Lane (NASDAQ:HLNE – Get Rating) last posted its earnings results on Thursday, May 26th. The company reported $0.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.78 by $0.11. Hamilton Lane had a return on equity of 62.83% and a net margin of 54.14%. The company had revenue of $100.90 million for the quarter, compared to analyst estimates of $98.52 million. During the same quarter in the previous year, the firm earned $0.95 earnings per share. The firm’s quarterly revenue was down 1.9% compared to the same quarter last year.

A number of brokerages have recently weighed in on HLNE. Morgan Stanley dropped their price target on Hamilton Lane from $111.00 to $101.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 20th. Zacks Investment Research lowered Hamilton Lane from a “strong-buy” rating to a “hold” rating in a research note on Friday, February 4th. Finally, Wells Fargo & Company dropped their price target on Hamilton Lane from $95.00 to $78.00 and set an “equal weight” rating on the stock in a research note on Tuesday, April 19th.

A number of hedge funds and other institutional investors have recently modified their holdings of HLNE. Morgan Stanley boosted its position in Hamilton Lane by 102.5% in the second quarter. Morgan Stanley now owns 107,231 shares of the company’s stock valued at $9,771,000 after buying an additional 54,276 shares during the last quarter. Advisor Group Holdings Inc. boosted its position in Hamilton Lane by 58.6% in the third quarter. Advisor Group Holdings Inc. now owns 13,872 shares of the company’s stock valued at $1,177,000 after buying an additional 5,126 shares during the last quarter. Russell Investments Group Ltd. lifted its holdings in Hamilton Lane by 11.3% in the third quarter. Russell Investments Group Ltd. now owns 14,582 shares of the company’s stock valued at $1,236,000 after acquiring an additional 1,475 shares during the period. State Board of Administration of Florida Retirement System lifted its holdings in Hamilton Lane by 3.9% in the third quarter. State Board of Administration of Florida Retirement System now owns 8,863 shares of the company’s stock valued at $752,000 after acquiring an additional 330 shares during the period. Finally, Barclays PLC lifted its holdings in Hamilton Lane by 130.4% in the third quarter. Barclays PLC now owns 18,253 shares of the company’s stock valued at $1,548,000 after acquiring an additional 10,329 shares during the period. Hedge funds and other institutional investors own 66.11% of the company’s stock.

Shares of HLNE stock traded up $1.05 during trading hours on Friday, reaching $70.25. 370,580 shares of the company’s stock were exchanged, compared to its average volume of 235,674. Hamilton Lane has a 1 year low of $61.55 and a 1 year high of $116.00. The stock has a market cap of $3.74 billion, a PE ratio of 15.08 and a beta of 0.98. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 0.32. The stock’s fifty day moving average price is $71.41 and its two-hundred day moving average price is $85.83.

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 7th. Investors of record on Wednesday, June 15th will be given a $0.40 dividend. The ex-dividend date is Tuesday, June 14th. This represents a $1.60 dividend on an annualized basis and a yield of 2.28%. This is a positive change from Hamilton Lane’s previous quarterly dividend of $0.35. Hamilton Lane’s dividend payout ratio is currently 30.50%.

About Hamilton Lane (Get Rating)

Hamilton Lane Incorporated is an investment firm specializing in direct and fund of fund investments. It provides following services: separate accounts (customized to each individual client and structured as single client vehicles); specialized strategies (fund-of-funds, secondaries, co-investments, taft-hartley, distribution management); advisory relationships (including due diligence, strategic portfolio planning, monitoring and reporting services); and reporting and analytics solutions.

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