Prospect Capital Corp. (PSEC) Announces Quarterly Earnings Results, Misses Expectations By $0.01 EPS
Prospect Capital Corp. (NASDAQ:PSEC) released its earnings data on Monday. The company reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.33 by $0.01, American Banking & Market News reports. During the same quarter in the previous year, the company posted $0.46 earnings per share.
A number of analysts have recently weighed in on PSEC shares. Analysts at National Securities initiated coverage on shares of Prospect Capital Corp. in a research note to investors on Monday, October 21st. They set a “buy” rating on the stock. Analysts at Keefe, Bruyette & Woods raised their price target on shares of Prospect Capital Corp. from $11.50 to $11.75 in a research note to investors on Friday, August 23rd. They now have a “market perform” rating on the stock. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $11.92.
Shares of Prospect Capital Corp. (NASDAQ:PSEC) traded up 0.79% during mid-day trading on Monday, hitting $11.43. The stock had a trading volume of 3,198,750 shares. Prospect Capital Corp. has a one year low of $9.80 and a one year high of $11.62. The stock has a 50-day moving average of $11.27 and a 200-day moving average of $10.96. The company has a market cap of $3.164 billion and a P/E ratio of 10.63.
The company also recently announced a monthly dividend, which is scheduled for Thursday, July 24th. Stockholders of record on Monday, June 30th will be paid a dividend of $0.11 per share. This represents a $1.33 annualized dividend and a dividend yield of 11.60%. The ex-dividend date is Thursday, June 26th. This is a boost from Prospect Capital Corp.’s previous monthly dividend of $0.11.
Prospect Capital Corporation (NASDAQ:PSEC), is a financial services company, which lends to and invests in middle market privately-held companies.
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