Garrison Capital (GARS) Announces Quarterly Earnings, Beats Estimates By $0.01 EPS
Garrison Capital (NASDAQ:GARS) released its earnings data on Wednesday. The company reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.01, Stock Ratings News reports.
Several analysts have recently commented on the stock. Analysts at Wunderlich initiated coverage on shares of Garrison Capital in a research note on Tuesday, July 1st. They set a “buy” rating and a $16.50 price target on the stock. On a related note, analysts at Robert W. Baird downgraded shares of Garrison Capital from an “outperform” rating to a “neutral” rating in a research note on Wednesday, June 4th. They now have a $15.00 price target on the stock. They noted that the move was a valuation call. Finally, analysts at Ladenburg Thalmann initiated coverage on shares of Garrison Capital in a research note on Monday, June 2nd. They set a “neutral” rating on the stock. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $15.55.
Shares of Garrison Capital (NASDAQ:GARS) traded up 0.91% during mid-day trading on Wednesday, hitting $14.34. 24,972 shares of the company’s stock traded hands. Garrison Capital has a 52-week low of $13.68 and a 52-week high of $15.40. The stock has a 50-day moving average of $14.73 and a 200-day moving average of $14.45.
Garrison Capital Inc, (NASDAQ:GARS) is a non-diversified closed-end management investment company.
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