Hamilton Lane Inc. (NASDAQ:HLNE) will be issuing its quarterly earnings data before the market opens on Tuesday, August 8th. Analysts expect the company to announce earnings of $0.26 per share for the quarter.
Hamilton Lane (NASDAQ:HLNE) last released its earnings results on Monday, June 12th. The company reported $0.25 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.23 by $0.02. The firm had revenue of $46.70 million during the quarter, compared to the consensus estimate of $46.69 million. The business’s revenue for the quarter was up 13.1% on a year-over-year basis. On average, analysts expect Hamilton Lane to post $1.03 EPS for the current fiscal year and $1.22 EPS for the next fiscal year.
Shares of Hamilton Lane Inc. (HLNE) opened at 21.72 on Friday. Hamilton Lane Inc. has a 52-week low of $17.32 and a 52-week high of $24.00. The company has a market cap of $418.46 million and a P/E ratio of 724.00. The company has a 50-day moving average price of $22.05 and a 200-day moving average price of $20.14.
The company also recently declared a quarterly dividend, which was paid on Monday, July 10th. Shareholders of record on Monday, June 26th were issued a dividend of $0.175 per share. This represents a $0.70 annualized dividend and a yield of 3.22%. The ex-dividend date of this dividend was Thursday, June 22nd.
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Several equities analysts have weighed in on the company. Zacks Investment Research cut Hamilton Lane from a “buy” rating to a “hold” rating in a report on Tuesday, July 11th. Keefe, Bruyette & Woods restated a “hold” rating and set a $21.00 price target on shares of Hamilton Lane in a report on Friday, April 28th. Finally, Morgan Stanley restated an “overweight” rating and set a $23.00 price target (down previously from $24.00) on shares of Hamilton Lane in a report on Monday, July 10th. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Hamilton Lane presently has a consensus rating of “Hold” and a consensus price target of $21.80.
Hamilton Lane Company Profile
Hamilton Lane Incorporated is a global private markets investment solutions provider. The Company works with its clients to conceive, structure, build out, manage and monitor portfolios of private markets funds and direct investments, and it helps them access a set of such investment opportunities around the world.
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