Prospect Capital Corporation (NASDAQ:PSEC) will issue its quarterly earnings data after the market closes on Monday, November 6th. Analysts expect the company to announce earnings of $0.22 per share for the quarter.
Prospect Capital Corporation (NASDAQ:PSEC) last posted its quarterly earnings results on Monday, August 28th. The financial services provider reported $0.19 EPS for the quarter, missing the consensus estimate of $0.21 by ($0.02). Prospect Capital Corporation had a return on equity of 8.98% and a net margin of 36.08%. The company had revenue of $166.70 million for the quarter, compared to analysts’ expectations of $177.21 million. During the same quarter in the prior year, the firm earned $0.26 EPS. The firm’s revenue was down 13.6% on a year-over-year basis. On average, analysts expect Prospect Capital Corporation to post $0.76 EPS for the current fiscal year and $0.78 EPS for the next fiscal year.
Prospect Capital Corporation (NASDAQ:PSEC) traded up 0.50% on Monday, hitting $6.02. The stock had a trading volume of 748,660 shares. Prospect Capital Corporation has a one year low of $5.96 and a one year high of $9.58. The stock’s 50 day moving average is $6.55 and its 200 day moving average is $7.76.
The firm also recently announced a monthly dividend, which will be paid on Wednesday, November 22nd. Investors of record on Tuesday, October 31st will be given a dividend of $0.06 per share. The ex-dividend date is Monday, October 30th. This represents a $0.72 annualized dividend and a yield of 11.90%. Prospect Capital Corporation’s dividend payout ratio (DPR) is presently 102.86%.
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In other news, CFO Brian H. Oswald acquired 50,000 shares of the business’s stock in a transaction dated Friday, September 1st. The shares were bought at an average cost of $6.73 per share, for a total transaction of $336,500.00. Following the acquisition, the chief financial officer now directly owns 493,373 shares in the company, valued at approximately $3,320,400.29. The purchase was disclosed in a filing with the SEC, which is available through this link. Company insiders own 7.10% of the company’s stock.
A number of equities analysts have recently commented on PSEC shares. TheStreet downgraded Prospect Capital Corporation from a “b-” rating to a “c+” rating in a report on Wednesday, September 27th. Zacks Investment Research upgraded Prospect Capital Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, July 26th. BidaskClub downgraded Prospect Capital Corporation from a “buy” rating to a “hold” rating in a report on Monday, July 17th. UBS AG upgraded Prospect Capital Corporation from an “underperform” rating to a “market perform” rating in a report on Wednesday, August 30th. Finally, Raymond James Financial, Inc. upgraded Prospect Capital Corporation from an “underperform” rating to a “market perform” rating in a report on Wednesday, August 30th. Three equities research analysts have rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $6.83.
Prospect Capital Corporation Company Profile
Prospect Capital Corporation is a financial services company. The Company primarily lends to and invests in middle market privately held companies. The Company is a closed-end investment company. Its investment objective is to generate both current income and long-term capital appreciation through debt and equity investments.
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