Hamilton Lane Inc (HLNE)
Sector • Financial Industry • Investment Services |
Industry • Investment Services |
Sector • Financial |
Hamilton Lane Incorporated Suffers Hit as Revenues Slip by 10.666% and Earnings Decrease by 8.63% in Q4 2023 - Report
company reported fourth quarter of 2023 operating income of $84.62 million
Published May 26 2023 / Modified May 26 2023
CSIMarket Team / CSIMarket.com
As a human investor, it is important to exercise caution when considering investing in Hamilton Lane Incorporated.
The company's fourth quarter results in 2023 reveal a lower return on assets compared to their average, with only 11.65% compared to the average of 20.64%.
Additionally, while net income did grow by 135.04%, ROA fell compared to the third quarter of the same year. It is also worth noting that within the Financial sector, there were 19 other companies with a higher return on assets than Hamilton Lane Incorporated.
While Hamilton Lane Incorporated's overall ranking has improved in the Mar 31 2023 quarter, the bottom-line decreased by -8.63 % to $0.76 per share and revenue by -10.666 % year on year.
This revenue was at $113.49 million relative to $127.03 million in the same time-frame a year prior, indicating a decline in performance.
For the financial year 2023, the company reported revenue of $530.54 million and net income of $187.19 million.
However, the bottom-line deteriorated by -24.37 % to $3.01 per share from $3.98 in the preceding financial year.
While the company also reported a revenue improvement of 18.63% from $447.23 million a year ago, this still doesn't indicate strong growth.
As an investor, it's important to exercise caution and carefully consider all available information before investing in Hamilton Lane Incorporated.
It is also worth noting that the company is expected to report their next financial results on August 01, 2023, which may provide further insights into their financial performance.
The company's fourth quarter results in 2023 reveal a lower return on assets compared to their average, with only 11.65% compared to the average of 20.64%.
Additionally, while net income did grow by 135.04%, ROA fell compared to the third quarter of the same year. It is also worth noting that within the Financial sector, there were 19 other companies with a higher return on assets than Hamilton Lane Incorporated.
While Hamilton Lane Incorporated's overall ranking has improved in the Mar 31 2023 quarter, the bottom-line decreased by -8.63 % to $0.76 per share and revenue by -10.666 % year on year.
This revenue was at $113.49 million relative to $127.03 million in the same time-frame a year prior, indicating a decline in performance.
For the financial year 2023, the company reported revenue of $530.54 million and net income of $187.19 million.
However, the bottom-line deteriorated by -24.37 % to $3.01 per share from $3.98 in the preceding financial year.
While the company also reported a revenue improvement of 18.63% from $447.23 million a year ago, this still doesn't indicate strong growth.
As an investor, it's important to exercise caution and carefully consider all available information before investing in Hamilton Lane Incorporated.
It is also worth noting that the company is expected to report their next financial results on August 01, 2023, which may provide further insights into their financial performance.