Equities analysts predict that Prospect Capital Corporation (NASDAQ:PSEC) will report sales of $174.28 million for the current fiscal quarter, Zacks reports. Three analysts have made estimates for Prospect Capital Corporation’s earnings. The lowest sales estimate is $166.45 million and the highest is $180.90 million. Prospect Capital Corporation reported sales of $193.04 million in the same quarter last year, which would suggest a negative year-over-year growth rate of 9.7%. The company is scheduled to report its next earnings report on Monday, September 4th.

According to Zacks, analysts expect that Prospect Capital Corporation will report full year sales of $174.28 million for the current fiscal year, with estimates ranging from $701.00 million to $715.20 million. For the next fiscal year, analysts forecast that the company will report sales of $708.83 million per share, with estimates ranging from $674.00 million to $731.70 million. Zacks’ sales averages are an average based on a survey of sell-side analysts that that provide coverage for Prospect Capital Corporation.

A number of equities analysts recently weighed in on the stock. BMO Capital Markets restated a “hold” rating and set a $7.00 target price on shares of Prospect Capital Corporation in a research report on Thursday, June 1st. Zacks Investment Research upgraded shares of Prospect Capital Corporation from a “sell” rating to a “hold” rating in a research report on Wednesday, July 26th. National Securities restated a “sell” rating and set a $7.00 target price on shares of Prospect Capital Corporation in a research report on Monday, May 15th. FBR & Co lowered shares of Prospect Capital Corporation from an “outperform” rating to a “market perform” rating and dropped their target price for the stock from $9.50 to $8.50 in a research report on Thursday, May 11th. Finally, BidaskClub lowered shares of Prospect Capital Corporation from a “buy” rating to a “hold” rating in a research report on Monday, July 17th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the stock. Prospect Capital Corporation has a consensus rating of “Hold” and an average target price of $8.04.

ILLEGAL ACTIVITY NOTICE: “$174.28 Million in Sales Expected for Prospect Capital Corporation (NASDAQ:PSEC) This Quarter” was first reported by American Banking News and is the sole property of of American Banking News. If you are viewing this piece on another site, it was copied illegally and reposted in violation of U.S. & international trademark and copyright laws. The legal version of this piece can be viewed at https://www.americanbankingnews.com/2017/08/14/174-28-million-in-sales-expected-for-prospect-capital-corporation-nasdaqpsec-this-quarter-2.html.

A number of large investors have recently added to or reduced their stakes in PSEC. Green Square Capital LLC increased its stake in Prospect Capital Corporation by 3.8% in the first quarter. Green Square Capital LLC now owns 42,777 shares of the financial services provider’s stock worth $390,000 after buying an additional 1,577 shares during the last quarter. Caxton Associates LP acquired a new stake in Prospect Capital Corporation during the first quarter worth about $539,000. Karp Capital Management Corp acquired a new stake in Prospect Capital Corporation during the first quarter worth about $506,000. Gotham Asset Management LLC acquired a new stake in Prospect Capital Corporation during the first quarter worth about $481,000. Finally, PVG Asset Management Corp acquired a new stake in Prospect Capital Corporation during the first quarter worth about $2,872,000. 16.45% of the stock is currently owned by institutional investors.

Shares of Prospect Capital Corporation (NASDAQ:PSEC) opened at 7.83 on Monday. The stock’s 50 day moving average is $8.15 and its 200 day moving average is $8.66. Prospect Capital Corporation has a 52-week low of $7.07 and a 52-week high of $9.58.

About Prospect Capital Corporation

Prospect Capital Corporation is a financial services company. The Company primarily lends to and invests in middle market privately held companies. The Company is a closed-end investment company. Its investment objective is to generate both current income and long-term capital appreciation through debt and equity investments.

Get a free copy of the Zacks research report on Prospect Capital Corporation (PSEC)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Prospect Capital Corporation (NASDAQ:PSEC)

Receive News & Ratings for Prospect Capital Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Prospect Capital Corporation and related companies with MarketBeat.com's FREE daily email newsletter.