OFS Capital Corporation (OFS) Issues Earnings Results, Beats Estimates By $0.02 EPS

OFS Capital Corporation (NASDAQ:OFS) issued its quarterly earnings results on Friday. The investment management company reported $0.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.31 by $0.02, Bloomberg Earnings reports. OFS Capital Corporation had a net margin of 31.02% and a return on equity of 9.43%. The company had revenue of $9.12 million during the quarter, compared to the consensus estimate of $8.77 million.

Shares of OFS Capital Corporation (NASDAQ:OFS) opened at $12.76 on Friday. The company has a current ratio of 14.51, a quick ratio of 14.51 and a debt-to-equity ratio of 0.80. OFS Capital Corporation has a 1-year low of $12.25 and a 1-year high of $15.23. The firm has a market cap of $170.12, a P/E ratio of 9.18 and a beta of 0.47.

A number of brokerages recently issued reports on OFS. National Securities reiterated a “buy” rating and issued a $16.00 price target on shares of OFS Capital Corporation in a research note on Monday, August 7th. Zacks Investment Research downgraded shares of OFS Capital Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, August 9th. Finally, Robert W. Baird downgraded shares of OFS Capital Corporation from an “outperform” rating to a “neutral” rating and decreased their price target for the stock from $16.00 to $13.00 in a research note on Monday, August 7th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $14.25.

ILLEGAL ACTIVITY NOTICE: This piece of content was published by Community Financial News and is the sole property of of Community Financial News. If you are accessing this piece of content on another publication, it was illegally copied and reposted in violation of United States and international copyright laws. The correct version of this piece of content can be read at https://www.com-unik.info/2017/11/05/ofs-capital-corporation-ofs-issues-earnings-results-beats-estimates-by-0-02-eps.html.

OFS Capital Corporation Company Profile

OFS Capital Corporation (OFS Capital) is an externally managed, closed-end, non-diversified management investment company. The Company’s investment objective is to provide its shareholders with both current income and capital appreciation primarily through debt investments and equity investments. It focuses primarily on middle-market companies in the United States, including senior secured loans, including first-lien, second-lien and unitranche loans, as well as subordinated loans, and warrants and other minority equity securities.

Earnings History for OFS Capital Corporation (NASDAQ:OFS)

What are top analysts saying about OFS Capital Corporation? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for OFS Capital Corporation and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit