PennantPark Floating Rate Capital (NASDAQ:PFLT – Get Free Report) is scheduled to release its earnings data after the market closes on Wednesday, May 8th. Analysts expect PennantPark Floating Rate Capital to post earnings of $0.33 per share for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.
PennantPark Floating Rate Capital (NASDAQ:PFLT – Get Free Report) last issued its quarterly earnings results on Wednesday, February 7th. The asset manager reported $0.33 earnings per share for the quarter, topping analysts’ consensus estimates of $0.31 by $0.02. PennantPark Floating Rate Capital had a return on equity of 11.83% and a net margin of 43.40%. The company had revenue of $37.97 million for the quarter, compared to analyst estimates of $35.03 million. On average, analysts expect PennantPark Floating Rate Capital to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.
PennantPark Floating Rate Capital Trading Up 1.1 %
Shares of PennantPark Floating Rate Capital stock opened at $11.50 on Tuesday. PennantPark Floating Rate Capital has a fifty-two week low of $9.69 and a fifty-two week high of $12.63. The firm has a market cap of $708.75 million, a PE ratio of 10.27 and a beta of 1.66. The business’s fifty day moving average is $11.32 and its two-hundred day moving average is $11.32. The company has a quick ratio of 0.19, a current ratio of 0.19 and a debt-to-equity ratio of 0.34.
PennantPark Floating Rate Capital Announces Dividend
Wall Street Analyst Weigh In
Separately, JMP Securities restated a “market outperform” rating and set a $12.50 price objective on shares of PennantPark Floating Rate Capital in a report on Tuesday, March 26th.
Read Our Latest Report on PFLT
PennantPark Floating Rate Capital Company Profile
PennantPark Floating Rate Capital Ltd. is a business development company. It seeks to make secondary direct, debt, equity, and loan investments. The fund seeks to invest through floating rate loans in private or thinly traded or small market-cap, public middle market companies. It primarily invests in the United States and to a limited extent non-U.S.
Featured Articles
- Five stocks we like better than PennantPark Floating Rate Capital
- What is MarketRank™? How to Use it
- 3 CEO-Led Turnaround Stocks You Can Still Buy
- 5 discounted opportunities for dividend growth investors
- 3 Value Stocks You Can Buy Before They Become Big
- What is the S&P 500 and How It is Distinct from Other Indexes
- Chinese Stocks Stage Impressive Rebound
Receive News & Ratings for PennantPark Floating Rate Capital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PennantPark Floating Rate Capital and related companies with MarketBeat.com's FREE daily email newsletter.