$0.30 EPS Expected for OFS Capital Corp (OFS) This Quarter
Wall Street analysts expect OFS Capital Corp (NASDAQ:OFS) to post earnings of $0.30 per share for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for OFS Capital’s earnings, with the lowest EPS estimate coming in at $0.28 and the highest estimate coming in at $0.32. OFS Capital posted earnings of $0.39 per share in the same quarter last year, which suggests a negative year over year growth rate of 23.1%. The company is scheduled to announce its next quarterly earnings results on Wednesday, March 21st.
According to Zacks, analysts expect that OFS Capital will report full year earnings of $1.31 per share for the current year, with EPS estimates ranging from $1.28 to $1.33. For the next financial year, analysts expect that the business will report earnings of $1.29 per share, with EPS estimates ranging from $1.16 to $1.39. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research analysts that follow OFS Capital.
OFS Capital (NASDAQ:OFS) last issued its quarterly earnings results on Friday, November 3rd. The investment management company reported $0.33 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.31 by $0.02. The business had revenue of $9.12 million during the quarter, compared to the consensus estimate of $8.77 million. OFS Capital had a net margin of 25.74% and a return on equity of 9.43%.
A number of equities research analysts have issued reports on the stock. ValuEngine upgraded shares of OFS Capital from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. Zacks Investment Research upgraded shares of OFS Capital from a “sell” rating to a “hold” rating in a research report on Wednesday, October 11th. Finally, National Securities cut their target price on shares of OFS Capital from $16.00 to $15.00 and set a “buy” rating for the company in a research report on Monday, November 6th. One research analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company. OFS Capital currently has a consensus rating of “Buy” and a consensus price target of $14.67.
Several institutional investors and hedge funds have recently made changes to their positions in OFS. Muzinich & Co. Inc. increased its stake in shares of OFS Capital by 258.1% during the 2nd quarter. Muzinich & Co. Inc. now owns 436,837 shares of the investment management company’s stock worth $6,251,000 after purchasing an additional 314,864 shares during the last quarter. JPMorgan Chase & Co. grew its stake in OFS Capital by 139.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 91,112 shares of the investment management company’s stock valued at $1,190,000 after buying an additional 53,030 shares during the last quarter. Punch & Associates Investment Management Inc. grew its stake in OFS Capital by 16.9% in the 2nd quarter. Punch & Associates Investment Management Inc. now owns 244,750 shares of the investment management company’s stock valued at $3,502,000 after buying an additional 35,372 shares during the last quarter. Morgan Stanley grew its stake in OFS Capital by 25.3% in the 1st quarter. Morgan Stanley now owns 157,167 shares of the investment management company’s stock valued at $2,230,000 after buying an additional 31,714 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership acquired a new position in OFS Capital in the 2nd quarter valued at $290,000. Institutional investors own 28.10% of the company’s stock.
Shares of OFS Capital (OFS) traded up $0.07 during trading hours on Friday, hitting $12.06. 41,274 shares of the company traded hands, compared to its average volume of 55,379. The company has a current ratio of 18.38, a quick ratio of 18.38 and a debt-to-equity ratio of 0.87. The stock has a market cap of $161.76, a P/E ratio of 13.25 and a beta of 0.48. OFS Capital has a fifty-two week low of $11.80 and a fifty-two week high of $15.23.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 15th will be given a $0.34 dividend. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $1.36 dividend on an annualized basis and a yield of 11.28%. OFS Capital’s payout ratio is 149.45%.
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OFS Capital 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.
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