Brokerages Anticipate Gain Capital Holdings Inc (NYSE:GCAP) Will Announce Quarterly Sales of $73.31 Million

Equities analysts forecast that Gain Capital Holdings Inc (NYSE:GCAP) will announce sales of $73.31 million for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Gain Capital’s earnings. The highest sales estimate is $80.40 million and the lowest is $62.50 million. Gain Capital reported sales of $38.40 million during the same quarter last year, which indicates a positive year over year growth rate of 90.9%. The company is scheduled to report its next quarterly earnings results on Thursday, April 23rd.

On average, analysts expect that Gain Capital will report full-year sales of $276.93 million for the current financial year, with estimates ranging from $248.20 million to $292.78 million. For the next fiscal year, analysts anticipate that the business will post sales of $312.82 million, with estimates ranging from $300.40 million to $332.46 million. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that that provide coverage for Gain Capital.

Gain Capital (NYSE:GCAP) last posted its earnings results on Thursday, February 27th. The financial services provider reported ($0.21) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.27) by $0.06. The company had revenue of $53.30 million during the quarter, compared to analysts’ expectations of $52.04 million. Gain Capital had a negative return on equity of 13.88% and a negative net margin of 25.99%.

Several research firms have recently commented on GCAP. JPMorgan Chase & Co. lowered Gain Capital from an “overweight” rating to a “neutral” rating and lifted their target price for the company from $5.00 to $6.00 in a report on Friday, February 28th. Zacks Investment Research upgraded Gain Capital from a “sell” rating to a “hold” rating in a report on Tuesday, March 17th. B. Riley reiterated a “buy” rating and issued a $7.00 target price on shares of Gain Capital in a report on Tuesday, February 25th. Finally, ValuEngine lowered Gain Capital from a “strong-buy” rating to a “buy” rating in a report on Friday, March 13th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Gain Capital has a consensus rating of “Buy” and an average price target of $5.75.

Shares of GCAP traded down $0.28 during midday trading on Tuesday, hitting $5.57. 163,400 shares of the stock were exchanged, compared to its average volume of 675,573. Gain Capital has a 52-week low of $3.30 and a 52-week high of $6.57. The stock has a fifty day simple moving average of $5.12 and a 200 day simple moving average of $4.48. The firm has a market cap of $207.03 million, a P/E ratio of -3.42 and a beta of -0.14. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.26 and a current ratio of 1.26.

The firm also recently declared a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Tuesday, March 24th were issued a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 4.31%. The ex-dividend date of this dividend was Monday, March 23rd. Gain Capital’s dividend payout ratio (DPR) is -25.26%.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Tower Research Capital LLC TRC acquired a new stake in shares of Gain Capital during the third quarter worth about $25,000. Marshall Wace LLP acquired a new position in Gain Capital in the 4th quarter valued at about $30,000. Barclays PLC increased its position in Gain Capital by 86.3% in the 4th quarter. Barclays PLC now owns 19,697 shares of the financial services provider’s stock valued at $77,000 after acquiring an additional 9,125 shares during the period. Fieldpoint Private Securities LLC acquired a new position in Gain Capital in the 4th quarter valued at about $40,000. Finally, Goldman Sachs Group Inc. increased its position in Gain Capital by 11.5% in the 4th quarter. Goldman Sachs Group Inc. now owns 112,451 shares of the financial services provider’s stock valued at $445,000 after acquiring an additional 11,623 shares during the period. Institutional investors and hedge funds own 49.19% of the company’s stock.

Gain Capital Company Profile

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. The company offers access to a range of financial products, including spot foreign exchange (forex) and precious metals trading; and spread bets and contracts for differences on currencies, commodities, indices, individual equities, bonds, options, and interest rate products, as well as OTC options on forex.

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Earnings History and Estimates for Gain Capital (NYSE:GCAP)

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