Home Capital Group Expects Second Quarter 2023 Earnings of $1.24 Per Share (TSE:HCG)

Financial Planners

Home Capital Group Inc. (TSE:HCG – Valuation Received) – Equity analysts at National Bank Financial said in a research report published Wednesday, May 10, that Home Capital Group’s second quarter 2023 earnings forecast was We have raised our earnings per share (EPS) guidance. National Bank financial analyst J. Gloyn now expects the company’s earnings per share for the quarter to be $1.24, up from his previous estimate of $1.16. . Home Capital Group’s current consensus forecast for full-year earnings is $5.39 per share. National Bank Financial also announced a forecast for Home Capital Group’s third-quarter 2023 earnings of $1.28, fourth-quarter 2023 earnings of $1.29, and 2024 earnings of $5.11.

HCG has also been the subject of several other research reports. Royal Bank of Canada Downgrades Home Capital Group from ‘Outperform’ Rating to ‘Sector Performing’ Rating and Price Target from C$36.00 in a Research Note Wednesday, Jan. 18 Raised to $44.00 CAD. Raymond James downgraded Home Capital Group’s rating from ‘outperform’ to ‘market perform’ in a research note on Friday, Jan. 13, and lowered its price target to CAD44.00 from CAD47.00. . Two analysts gave the company a hold rating and two analysts gave a buy rating. Based on data from MarketBeat.com, Home Capital Group’s consensus rating is currently “Moderate Buy” with an average price target of $44.00 CAD.

Home Capital Group Stock Price Trends

Home Capital Group shares opened Friday at C$43.55. Home Capital Group hit a one-year low of C$23.82 and a one-year high of C$43.63. His 50-day moving average for this company is C$41.81 and his 200-day moving average is C$39.89. The company has a market capitalization of C$1.65 billion, a P/E ratio of 11.96 times, a price/earnings multiple of 1.67 times, and a beta of 1.99 times.

Home Capital Group (TSE:HCG – Get Rating) announced its results on Thursday, February 16th. The company reported EPS of C$0.95 for the quarter, below analyst consensus expectations of C$1.08 ($0.13). Home Capital Group’s net profit margin was 31.82% and return on equity was 9.61%. Revenue for the business in the quarter was C$126.1 million, compared to analyst expectations of C$123.4 million.

Home Capital Group Announces Dividend

The company also recently announced a quarterly dividend to be paid on Thursday, June 15. Investors who register on Wednesday, May 31 will be paid a dividend of $0.15. This equates to an annualized dividend of $0.60 and a yield of 1.38%. The ex-dividend date for this dividend will be May 30 (Tuesday). Home Capital Group’s dividend payout ratio is 16.48%.

Home Capital Group Company Profile

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Home Capital Group Inc, through its subsidiary Home Trust Company, provides residential and non-residential mortgage financing, mortgage product securitization, consumer lending and credit card services in Canada. It offers deposits through brokers and financial planners under the Oaken Financial brand.


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