Medley Capital Corp (MCC) Set to Announce Earnings on Friday
Medley Capital Corp (NYSE:MCC) is set to post its quarterly earnings results on Friday, May 2nd. Investors that are interested in registering for the company’s conference call can do so using this link.
Medley Capital Corp (NYSE:MCC) last released its earnings data on Friday, February 7th. The company reported $0.42 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.38 by $0.04. During the same quarter in the prior year, the company posted $0.39 earnings per share. On average, analysts expect Medley Capital Corp to post $1.58 EPS for the current fiscal year and $1.64 EPS for the next fiscal year.
Medley Capital Corp (NYSE:MCC) opened at 13.04 on Thursday. Medley Capital Corp has a one year low of $12.82 and a one year high of $15.85. The stock has a 50-day moving average of $13.45 and a 200-day moving average of $13.89.
MCC has been the subject of a number of recent research reports. Analysts at Gilford Securities upgraded shares of Medley Capital Corp from a “neutral” rating to a “buy” rating in a research note on Monday, April 14th. They now have a $15.00 price target on the stock. On a related note, analysts at Wells Fargo & Co. downgraded shares of Medley Capital Corp from an “outperform” rating to a “market perform” rating in a research note on Monday, March 31st. Finally, analysts at Credit Suisse upgraded shares of Medley Capital Corp from a “neutral” rating to an “outperform” rating in a research note on Monday, March 31st. They now have a $15.50 price target on the stock, up previously from $14.50. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $15.40.
Medley Capital Corporation is a non-diversified closed end management investment company. The Company’s investment objective is to generate current income and capital appreciation by lending directly to privately-held middle market companies to help these companies fund acquisitions, growth initiatives and working capital requirements or in connection with recapitalizations or other refinancing transactions.
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