Zacks: Brokerages Expect Fidus Investment Corp (FDUS) Will Post Earnings of $0.36 Per Share
Equities research analysts expect Fidus Investment Corp (NASDAQ:FDUS) to announce $0.36 earnings per share for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Fidus Investment’s earnings. The highest EPS estimate is $0.37 and the lowest is $0.34. Fidus Investment posted earnings of $0.38 per share during the same quarter last year, which would suggest a negative year-over-year growth rate of 5.3%. The company is expected to announce its next quarterly earnings results on Thursday, November 1st.
According to Zacks, analysts expect that Fidus Investment will report full year earnings of $1.41 per share for the current fiscal year, with EPS estimates ranging from $1.38 to $1.42. For the next financial year, analysts expect that the company will post earnings of $1.54 per share, with EPS estimates ranging from $1.46 to $1.61. Zacks’ earnings per share calculations are an average based on a survey of sell-side analysts that cover Fidus Investment.
Fidus Investment (NASDAQ:FDUS) last announced its quarterly earnings results on Thursday, August 2nd. The asset manager reported $0.36 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.36. The company had revenue of $18.11 million for the quarter, compared to analysts’ expectations of $17.43 million. Fidus Investment had a net margin of 65.95% and a return on equity of 8.73%.
Shares of FDUS stock traded down $0.16 during trading on Friday, reaching $13.96. 153,997 shares of the company’s stock traded hands, compared to its average volume of 100,171. The stock has a market capitalization of $357.65 million, a P/E ratio of 9.76 and a beta of 1.03. Fidus Investment has a 1 year low of $12.63 and a 1 year high of $16.94.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 21st. Investors of record on Friday, September 7th were paid a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 11.17%. The ex-dividend date of this dividend was Thursday, September 6th. Fidus Investment’s payout ratio is currently 109.09%.
Several hedge funds have recently made changes to their positions in the stock. Optimum Investment Advisors lifted its stake in shares of Fidus Investment by 18.2% during the 3rd quarter. Optimum Investment Advisors now owns 32,959 shares of the asset manager’s stock valued at $482,000 after buying an additional 5,086 shares in the last quarter. Raymond James & Associates lifted its stake in shares of Fidus Investment by 14.7% during the 2nd quarter. Raymond James & Associates now owns 1,107,935 shares of the asset manager’s stock valued at $15,744,000 after buying an additional 142,239 shares in the last quarter. BB&T Securities LLC lifted its stake in shares of Fidus Investment by 9.8% during the 2nd quarter. BB&T Securities LLC now owns 302,049 shares of the asset manager’s stock valued at $4,292,000 after buying an additional 26,848 shares in the last quarter. Van ECK Associates Corp increased its holdings in Fidus Investment by 7.5% during the 2nd quarter. Van ECK Associates Corp now owns 173,201 shares of the asset manager’s stock worth $2,461,000 after acquiring an additional 12,022 shares during the period. Finally, Brown Advisory Inc. increased its holdings in Fidus Investment by 72.5% during the 2nd quarter. Brown Advisory Inc. now owns 18,565 shares of the asset manager’s stock worth $264,000 after acquiring an additional 7,805 shares during the period. Institutional investors own 28.39% of the company’s stock.
About Fidus Investment
Fidus Investment Corporation is a business development company specializing in leveraged buyouts, refinancings, change of ownership transactions, recapitalizations, strategic acquisitions, mezzanine, growth capital, business expansion, lower middle market investments, debt investments, subordinated and second lien loans, senior secured and unitranche debt, preferred equity, warrants, subordinated debt, senior subordinated notes, junior secured loans, and unitranche loans.
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