GAIN Capital Holdings, Inc. (NYSE:GCAP) is reporting second quarter financial results on Thursday 23rd July 2020, after market close.
According to analysts surveyed by Thomson Reuters, GCAP is expected to report 2Q20 income of $ 0.27 per share from revenue of $ 83.43 million.
For the full year, analysts anticipate top line of $ 330.77 million, while looking forward to income of $ 1.44 per share bottom line.
Previous Quarter Performance
GAIN Capital Holdings, Inc. recorded income for the first quarter of $ 2.09 per share, from the revenue of $ 185.70 million. The quarterly revenues improved 373.00 percent compared with the same quarter last year. According to street consensus, GCAP was expected to report 1Q20 income of $ 0.51 per share from revenue of $ 99.50 million. The bottom line results beat street analysts by $ 1.58 or 309.80 percent, at the same time, top line results outshined analysts by $ 86.20 million or 86.63 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of GCAP was $ 6.12, representing a 85.45 % increase from the 52 week low of $ 3.30 and a 8.93 % decrease over the 52 week high of $ 6.72.
The company has a market capital of $ 231.36 million and is part of the Financial Services sector and Capital Markets industry.
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Recent Analyst recommendations
On 9th June 2020, downgraded by B. Riley to Neutral from Buy rating.
Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 0.06 per share on April 23, 2020. The dividend were payable on June 26, 2020 to holders of record as of the close of business on June 23, 2020 and ex-dividend date on June 22, 2020.
GAIN Capital Holdings, Inc., together with its subsidiary, provides trading services and solutions to retail, institutional, and futures service customers worldwide. The company operates in two segments, Retail and Futures. It specializes in over-the-counter (OTC) and exchange-traded markets.
