Garrison Capital Inc. (NASDAQ:GARS) will announce its earnings results after the market closes on Tuesday, November 7th. Analysts expect the company to announce earnings of $0.28 per share for the quarter.
Garrison Capital (NASDAQ:GARS) last released its earnings results on Tuesday, August 8th. The investment management company reported $0.29 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.27 by $0.02. Garrison Capital had a negative net margin of 0.38% and a positive return on equity of 8.33%. The firm had revenue of $9.03 million for the quarter, compared to analyst estimates of $9.08 million. On average, analysts expect Garrison Capital to post $1.11 EPS for the current fiscal year and $1.06 EPS for the next fiscal year.
Shares of Garrison Capital Inc. (GARS) opened at 8.35 on Tuesday. The company’s 50 day moving average is $8.42 and its 200-day moving average is $8.57. Garrison Capital Inc. has a 1-year low of $7.77 and a 1-year high of $10.15.
In related news, CFO Brian S. Chase purchased 4,000 shares of Garrison Capital stock in a transaction that occurred on Friday, August 11th. The shares were purchased at an average cost of $8.07 per share, with a total value of $32,280.00. Following the transaction, the chief financial officer now owns 46,135 shares of the company’s stock, valued at approximately $372,309.45. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders have purchased a total of 8,000 shares of company stock worth $65,190 over the last three months. 5.80% of the stock is currently owned by corporate insiders.
Several equities analysts recently commented on GARS shares. Zacks Investment Research raised Garrison Capital from a “hold” rating to a “buy” rating and set a $9.50 price target on the stock in a research report on Tuesday, October 24th. ValuEngine raised Garrison Capital from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Finally, National Securities reissued a “neutral” rating and set a $10.00 price target on shares of Garrison Capital in a research report on Monday, August 14th. Six investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Garrison Capital has a consensus rating of “Hold” and an average target price of $10.00.
About Garrison Capital
Garrison Capital Inc is a managed, closed-end, non-diversified management investment company. The Company’s investment objective is to generate current income and capital appreciation by making investments primarily in debt securities and loans of the United States-based middle-market companies, which it defines as those having annual earnings before interest, taxes and depreciation, or EBITDA, of certain amount.
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