Hamilton Lane Incorporated (NASDAQ:HLNE) is set to announce first quarter earning results on Tuesday 4th August 2020, before market open.
Analysts surveyed by Thomson Reuters are predicting, HLNE to report 1Q21 income of $ 0.26 per share from revenue of $ 69.28 million.
For the full year, analysts anticipate top line of $ 298.44 million, while looking forward to income of $ 1.84 per share bottom line.
Previous Quarter Performance
Hamilton Lane Incorporated came out with income for the fourth quarter of $ 0.59 per share, from the revenue of $ 76.93 million. The quarterly earnings extended 63.89 percent while revenues hiked 14.84 percent compared with the same quarter last year.
According to street consensus, HLNE was expected to report 4Q20 income of $ 0.49 per share from revenue of $ 71.06 million. The bottom line results beat street analysts by $ 0.1 or 20.41 percent, at the same time, top line results outshined analysts by $ 5.87 million or 8.26 percent.
Historical Earnings Performance
wpDataChart with provided ID not found! wpDataTable with provided ID not found!Click Here For More Historical Earnings Of Hamilton Lane Incorporated
Stock Performance
According to the previous trading day, closing price of HLNE was $ 72.65, representing a 100.30 % increase from the 52 week low of $ 36.27 and a 4.8 % decrease over the 52 week high of $ 76.31.
The company has a market capital of $ 3.82 billion and is part of the Financial Services sector and Asset Management industry.
[stock_market_widget type=”chart” template=”basic” color=”orange” assets=”HLNE” range=”1y” interval=”1mo” axes=”true” cursor=”true” api=”yf” style=”height: 400px;”]
Recent Analyst recommendations
- On 14th July 2020, maintained by Morgan Stanley at Overweight rating, with $ 80.00 target price.
- On 11th June 2020, maintained by Morgan Stanley at Overweight rating, with $ 74.00 target price.
Recent Stock Dividend Announcement
On May 28, 2020, the board of directors authorized quarterly dividend of $ 0.3125 per share to holders of record as of the close of business on June 15, 2020, with payment date of July 7, 2020 and ex-dividend date on June 12, 2020.
Conference Call
Hamilton Lane Incorporated will be hosting a conference call at 11:00 AM eastern time on 4th August 2020, to discuss its 1Q21 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.hamiltonlane.com
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. For direct investments, the firm invests in mid and late venture, mature companies, growth equity, emerging growth, distressed debt, later stage, turnarounds, bridge financing, mezzanine financing, and buyouts in middle market companies.
