Brokerages expect FS Investment Corporation (NYSE:FSIC) to announce earnings per share of $0.20 for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for FS Investment Corporation’s earnings. The highest EPS estimate is $0.22 and the lowest is $0.19. FS Investment Corporation reported earnings of $0.24 per share in the same quarter last year, which would suggest a negative year over year growth rate of 16.7%. The firm is scheduled to report its next quarterly earnings results after the market closes on Wednesday, August 9th.

On average, analysts expect that FS Investment Corporation will report full year earnings of $0.81 per share for the current year, with EPS estimates ranging from $0.77 to $0.85. For the next financial year, analysts anticipate that the business will post earnings of $0.81 per share, with EPS estimates ranging from $0.77 to $0.87. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that cover FS Investment Corporation.

FS Investment Corporation (NYSE:FSIC) last announced its earnings results on Wednesday, May 10th. The financial services provider reported $0.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.20 by $0.02. The firm had revenue of $106.06 million during the quarter, compared to analysts’ expectations of $101.94 million. FS Investment Corporation had a return on equity of 9.44% and a net margin of 86.84%.

Several analysts recently weighed in on the company. TheStreet raised FS Investment Corporation from a “c” rating to a “b” rating in a report on Monday, April 17th. Zacks Investment Research raised FS Investment Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, July 18th. BidaskClub raised FS Investment Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, June 28th. National Securities reissued a “neutral” rating and issued a $10.00 price objective on shares of FS Investment Corporation in a report on Monday, May 15th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and issued a $10.00 price objective on shares of FS Investment Corporation in a report on Friday, April 28th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $9.79.

In other FS Investment Corporation news, Director David J. Adelman acquired 11,160 shares of FS Investment Corporation stock in a transaction dated Thursday, June 22nd. The stock was acquired at an average cost of $8.88 per share, for a total transaction of $99,100.80. Following the completion of the transaction, the director now owns 34,063 shares in the company, valued at approximately $302,479.44. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Michael C. Forman acquired 22,320 shares of FS Investment Corporation stock in a transaction dated Thursday, June 22nd. The shares were acquired at an average price of $8.88 per share, with a total value of $198,201.60. The disclosure for this purchase can be found here. Over the last 90 days, insiders acquired 38,880 shares of company stock valued at $345,560. 1.00% of the stock is currently owned by insiders.

Institutional investors have recently modified their holdings of the company. Tocqueville Asset Management L.P. increased its position in shares of FS Investment Corporation by 8.5% in the first quarter. Tocqueville Asset Management L.P. now owns 23,000 shares of the financial services provider’s stock valued at $225,000 after buying an additional 1,800 shares in the last quarter. Sumitomo Mitsui Asset Management Company LTD increased its position in shares of FS Investment Corporation by 103.0% in the first quarter. Sumitomo Mitsui Asset Management Company LTD now owns 860,296 shares of the financial services provider’s stock valued at $8,430,000 after buying an additional 436,519 shares in the last quarter. Exencial Wealth Advisors LLC increased its position in shares of FS Investment Corporation by 4.4% in the first quarter. Exencial Wealth Advisors LLC now owns 15,311 shares of the financial services provider’s stock valued at $147,000 after buying an additional 650 shares in the last quarter. IFP Advisors Inc increased its position in shares of FS Investment Corporation by 29.3% in the first quarter. IFP Advisors Inc now owns 710,172 shares of the financial services provider’s stock valued at $6,960,000 after buying an additional 161,032 shares in the last quarter. Finally, Paragon Capital Management Ltd acquired a new position in shares of FS Investment Corporation during the first quarter valued at about $155,000. Institutional investors and hedge funds own 31.84% of the company’s stock.

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Shares of FS Investment Corporation (FSIC) traded down 0.56% during mid-day trading on Monday, hitting $8.90. The company had a trading volume of 646,873 shares. FS Investment Corporation has a 52-week low of $8.76 and a 52-week high of $10.80. The stock’s 50-day moving average is $9.10 and its 200-day moving average is $9.66.

FS Investment Corporation Company Profile

FS Investment Corporation is an externally managed, non-diversified, closed-end management investment company. The Company’s investment objectives are to generate current income and long-term capital appreciation. Its portfolio consists primarily of investments in senior secured loans and second lien secured loans of the private United States middle market companies and subordinated loans of the private United States companies.

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