Prospect Capital Corp. (PSEC) Posts Quarterly Earnings, Misses Estimates By $0.07 EPS
Prospect Capital Corp. (NASDAQ:PSEC) announced its earnings results on Monday. The company reported $0.25 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.32 by $0.07, AnalystRatingsNetwork.com reports.
Prospect Capital Corp. (NASDAQ:PSEC) traded up 0.64% on Monday, hitting $10.98. The stock had a trading volume of 4,432,960 shares. Prospect Capital Corp. has a 52-week low of $9.17 and a 52-week high of $11.62. The stock has a 50-day moving average of $10.75 and a 200-day moving average of $10.66.
On a related note, analysts at Evercore Partners upgraded shares of Prospect Capital Corp. from an “underweight” rating to an “equal weight” rating in a research note on Thursday, May 29th. They now have a $10.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and six have given a buy rating to the stock. Prospect Capital Corp. has an average rating of “Buy” and an average target price of $11.61.
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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