Analysts expect Hamilton Lane Incorporated (NASDAQ:HLNE) to report earnings of $0.76 per share

Equity research analysts expect Hamilton Lane Incorporated (NASDAQ:HLNE) to report earnings per share (EPS) of $0.76 for the current quarter, according to Zacks Investment Research. Two analysts have released earnings estimates for Hamilton Lane, with estimates ranging from $0.69 to $0.81. Hamilton Lane reported earnings of $0.95 per share in the same quarter last year, indicating a negative 20% year-over-year growth rate. The company is expected to release its next quarterly earnings report on Thursday, May 26.

On average, analysts expect Hamilton Lane to report annual earnings of $4.27 per share for the current fiscal year, with EPS estimates ranging from $4.19 to $4.31. For next year, analysts expect the company to post earnings of $3.35 per share, with EPS estimates ranging from $3.01 to $3.55. Zacks Investment Research’s EPS averages are an average average based on a survey of sell-side research analysts who provide coverage for Hamilton Lane.

Hamilton Lane Inc (NASDAQ:HLNE) last released quarterly earnings data on Monday, January 31. The company reported EPS of $1.27 for the quarter, beating Thomson Reuters consensus estimate of $0.91 by $0.36. Hamilton Lane had a net margin of 54.14% and a return on equity of 62.83%. The company posted revenue of $91.70 million in the quarter, versus analyst estimates of $97.41 million. During the same period last year, the company posted earnings per share of $0.87. Hamilton Lane’s quarterly revenue increased 8.4% from the same quarter last year.

Several equity analysts have recently weighed in on HLNE shares. Morgan Stanley lowered its price target on Hamilton Lane shares from $120.00 to $111.00 and set an “equal weight” rating on the stock in a Friday, January 21 research note. Wells Fargo & Company began covering Hamilton Lane stocks in a research report on Wednesday, December 15. They set an “equal weight” rating and a price target of $109.00 for the company. Finally, Zacks Investment Research upgraded Hamilton Lane shares from a “strong buy” rating to a “hold” rating in a research report on Friday.

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NASDAQ HLNE shares were down $0.09 on Friday, hitting $85.24. 445,199 shares of the company were traded, compared to its average volume of 256,025. The company’s 50-day simple moving average is $98.01 and its two-hundred-day simple moving average is 95, $86. The company has a quick ratio of 1.61, a current ratio of 1.50 and a debt ratio of 0.32. The company has a market capitalization of $4.60 billion, a price-earnings ratio of 18.57 and a beta of 0.91. Hamilton Lane has a 12-month low of $79.78 and a 12-month high of $116.00.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 6. Investors of record on Tuesday, March 15 will receive a dividend of $0.35. The ex-dividend date is Monday, March 14. This represents a dividend of $1.40 on an annualized basis and a yield of 1.64%. Hamilton Lane’s dividend payout ratio is currently 30.50%.

A number of institutional investors have recently changed their stock portfolios. Fifth Third Bancorp increased its position in Hamilton Lane shares by 124.4% during the third quarter. Fifth Third Bancorp now owns 359 shares of the company worth $30,000 after buying 199 more shares in the last quarter. Spire Wealth Management increased its position in Hamilton Lane shares by 250.0% during the third quarter. Spire Wealth Management now owns 350 shares of the company worth $30,000 after purchasing an additional 250 shares in the last quarter. NN Investment Partners Holdings NV purchased a new equity stake in Hamilton Lane during Q4 for approximately $31,000. CM Bidwell & Associates Ltd. bought a new stake in shares of Hamilton Lane during Q3 for a value of approximately $38,000. Finally, Huntington National Bank increased its position in Hamilton Lane shares by 30.6% during the third quarter. Huntington National Bank now owns 610 shares of the company worth $52,000 after buying 143 more shares in the last quarter. Institutional investors hold 97.94% of the company’s shares.

About Hamilton Lane

Hamilton Lane, Inc. is a holding company that provides private markets investment solutions. The firm works with its clients to design, structure, construct, manage and monitor portfolios of private markets funds and direct investments. It also offers the following solutions: personalized separate accounts; specialized funds; advisory services; distribution management; and reporting, monitoring, data and analysis.

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Earnings history and estimates for Hamilton Lane (NASDAQ:HLNE)

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